India
In a pioneering announcement or proclamation of sorts, a top official has confirmed that business ties between Indian and US governments would mainly focus on infrastructure. According to a top official in Washington, there has been substantial ground work with regard to Indo-US business ties especially after the meeting of Prime Minister Narendra Modi with [...] Continue Reading »
India finds itself in a piquant situation. While its population, and with it the number of poor, is growing, its cultivable land is not only shrinking, more worryingly, the economic returns of the agricultural use are diminishing vis-a-vis non-agricultural use. The situation may not be alarming right now, but if it continues, India will soon [...] Continue Reading »
Enthused by the promise made by chief minister N Chandrababu Naidu of an investor-friendly regime in AP, technology titan Wipro is expanding its Vizag campus. The company has sought the nod from the Union commerce ministry for setting up a new SEZ in AP. As per company filings with the commerce ministry, Wipro holds 1.22 [...] Continue Reading »
India today asked China to invest in setting up manufacturing units in the country to bridge the widening trade deficit and create jobs in the country. Commerce and Industry Minister Nirmala Sitharaman said India has signed an agreement with China in June to set up Chinese Industrial Parks in India. Sitharaman said there that they [...] Continue Reading »
According to Danfoss, a global player in the energy efficiency solutions, India has the potential to become a manufacturing hub for energy efficient solutions. In the last few years green building movement has gained momentum and the national green promise is taking shape. Post the swearing in of the Modi government, plans for development of [...] Continue Reading »
Business chambers of India and Japan have formed groups to focus on specific sectors like infrastructure, energy and skill development. This move was taken anticipating that it will enhance bilateral trade. They are working towards removal of any bottlenecks by talking to the respective governments. The decision was taken during a meeting of the Japan- [...] Continue Reading »
India is laying the groundwork in order to make the real estate investment trusts tax-exempt and allow them to trade on the public exchanges, a move that may help unlock as much as $20 billion of listings. Regulations on taxation will be also be amended, finance minister Arun Jaitley said on 10 July, and the [...] Continue Reading »
Dubai’s real estate sector has seen some good investments from the wealthy Indians. Indians have been ranked first among the foreign investors in Dubai’s real estate sector, making a total of 4,417 transactions worth nearly USD 3 billion in the first half of the year. An official report has come up with this data. Indians, [...] Continue Reading »
The Telengana Chief Minister K Chandrasekhara Rao has asked the Chairman of Piramal group Ajay Piramal to invest in the proposed Phama City that the State Government is planning to set up. The Chief Minister stated Ajay Piramal that he can set up a facility there and also find a place in order to develop [...] Continue Reading »
IT bigwig Wipro has revealed in a Sunday statement that, in the next five-year period, the company will hire 7,000 people for its SEZ (special economic zone) facility at Visakhapatnam. Other than the proposed hiring for the Vizag SEC, Wipro also plans to expand its operations to Vijayawada, Kakinada and Tirupati; and also in Telangana [...] Continue Reading »
