Imports

Infrastructure at Myanmar’s Sittwe Port, constructed with India’s assistance, is ready to be operational, Minister of State for Shipping, Mansukh L. Mandaviya told Rajya Sabha on 7 Jan 2019.

India has started operating part of the Chabahar Port. The heads of Indian, Iranian and Afghanistan delegation jointly inaugurated the office of the Indian Special Purpose Vehicle (SPV), India Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar.

India is to allow upstream operators Oil and Natural Gas Corp (ONGC) and Oil India Ltd to pick foreign expertise for enhancing exploitation of hydrocarbon resources.

India’s Oil and Natural Gas Corp (ONGC) has planned out a 200-developmental well programme for its onshore fields in Assam and responding to government’s target of 10% cut in crude oil imports by 2022.

Sixty-seven contracts, worth about Rs.165,590 crore, have been signed with foreign vendors for capital procurement of defence equipment for Armed Forces during the last three years as of October 2018.

The Confederation of Indian Industry sees 2019 economic growth at 7.5%, citing better demand conditions, growing investments in infrastructure and critical spending on General Elections which must be held by coming May.

Market reports have already put India at the top of the list of drone-importing countries, accounting for 22.5% of the world’s UAV imports.

Often considered that the corporate Japan's presence in India was not strong, Japanese Ambassador in New Delhi has given an update on the increase in the numbers of businesses and companies.

Adani Ports and Special Economic Zone (APSEZ) has delivered 50 made in United Sates locomotives to Indian Railways.

Melbourne’s Propanc Biopharma, Inc. said its foundation patent application has been granted by the Office of the Controller General of Patents, Design and Trademarks in India, a market of US$50 billion by 2020.