Investment

India is looking to gain from the investment-friendly Russian stance in the natural resource-rich region during a Commerce and Industry Minister Piyush Goyal-led delegation visit to Vladivostok.

Singapore’s sovereign wealth fund GIC and India’s IRB Infrastructure Developers Ltd have signed investment agreements for Rs.4,400 crore (approx. US$624.11 million) to set-up India’s largest private infrastructure investment trust (InvIT), reported Nishith Desai Associates on 9 August 2019.

Full support has been promised to the industry on policy matters to ensure smooth and efficient transformation of the automotive industry from internal combustion (IC) to electric powertrain.

Defence companies have huge opportunities in contributing to domestic market and exports, Defence Minister Rajnath Singh said on 9 August 2019 industry roundtable in Delhi.

Along with the resale homes market, luxury housing took the hardest hit after demonetization, writes Anuj Puri, Chairman of ANAROCK Property Consultants.

India holds enormous potential in renewable energy (RE) and it is an exciting place to invest in RE, said R K Singh, Minister of State for Power and New & Renewable Energy (MNRE).

The Defence Acquisition Council (DAC) has approved procurement of indigenous Software Defined Radio (SDR Tactical) and Next Generation Maritime Mobile Coastal Batteries (Long Range) for the Indian Navy on 8 August 2019.

The National Investment and Infrastructure Fund (NIIF) has secured a US$1 billion each from Australian Super and Ontario Teachers’ Pension Plan, which reflects a strong interest from foreign investors in India’s development.

ADM Aéroports de Montréal has awarded a five-year strategic IT and business transformation contract to Wipro Ltd.

Tiffany & Co plans to open new stores in Delhi in fiscal 2H 2019 and Mumbai in 2H 2020, capitalizing on its already strong image and brand awareness in this emerging and style conscious luxury market.