Investment

Admiral Karambir Singh, Chief of the Naval Staff, Indian Navy, said that there is enough headroom in mercantile marine sector for India to attain the critical mass and become a hub for defence shipbuilding.

Twenty-seven focus sectors have been identified to showcase India’s advances in space, pharmaceuticals, information technology, renewable energy and telecom sectors and also India’s strength in innovation and start-ups at the Dubai World Expo 2020.

Bid for Bundle-3, under the Toll-Operate-Transfer (TOT) Model, has been invited since 13 June 2019 with bid due date of 11 September 2019, Road Transport and Highways Minister Nitin Gadkari has told Parliament on 25 July 2019.

Khalid Al-Falih, Energy, Industry and Mineral Resources Minister and Chairman of Saudi Aramco, has emphasized the need for capitalizing on the growing momentum in India-Saudi bilateral hydrocarbon cooperation.

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Wind Power Projects have been amended by Ministry of New and Renewable Energy and released on 25 July 2019.

Hewlett Packard Enterprise (NYSE: HPE) plans to invest US$500 million in India over the next five years to grow its operations, manufacturing and employee base in the country.

Detailed master planning and preliminary engineering activities are in progress for Krishnapatnam (Andhra Pradesh) and Tumakuru (Karnataka), which are two nodes of the three identified in the Chennai-Bengaluru Industrial Corridor (CBIC).

Expansion is on the cards for employers across India in 2019, as 73% say they feel optimistic about the country’s growth outlook, and 66% have plans to further expand their headcount.

The Reserve Bank of India Governor Shaktikanta Das has discussed banking and financial sector issues with CEOs of the public sector banks and the Chief Executive of Indian Banks Association (IBA).

The Tourism Ministry has identified 17 sites in 12 clusters in the country for development as Iconic Tourism Sites, Minister of State Prahlad Singh Patel told Rajya Sabha on 23 July 2019.