Investment

India has offered to cooperate with Kenya in shipbuilding industry, especially building of coast guard vessels through the expertise of Cochin Shipyard Ltd.

It cannot be any better for the textile industry – the government is fast tracking free trade agreements and identifying export partners in new markets.

India is one of the 8 countries on the preferred list of Saudi Arabia which is keen on getting more proactive participation from Indian companies for business, trade and regional cooperation.

India has identified 600 plus projects with an estimated investment of Rs.8 lakh crore (US$120 billion) by the year 2020 under the Sagarmala Programme, Water Resources, River Development and Ganga Rejuvenation Minister, Nitin Gadkari said.

Asian Development Bank’s US$75 million loan will fund development for 24 x7 water supply to Karnataka’s four coastal towns of Kundapura, Mangalore Puttur and Udupi.

Indian exporters are facing challenges such as high cost of logistics impacting competitiveness in global market while, at home, they are dealing with underdeveloped material handling infrastructure, fragmented warehousing and lack of seamless movement of goods across modes, among others.

Los Angeles’ Air Lease Corporation has announced long-term lease agreements for nine Airbus A320-200neo and six Airbus A321-200neo aircraft with Vistara, an Indian full-service airline that is a joint venture of TATA Sons Limited and Singapore Airlines Limited (SIA).

Overall the Indian PC market will decline due to Intel chip shortages and post Diwali slowdown, according to IDC India.

The World Bank-funded National Dairy Plan Phase-I, National Programme for Dairy Development (NPDD) among other schemes are being operationalised by the state governments through milk cooperative/federations related to the state, said Agriculture & Farmers Welfare Minister Radha Mohan Singh.

India is intensifying efforts on water conservation, especially tapping the expertise of Singapore in water management.