Investment

About two-thirds of the 124 projects, with investment intent of Rs.2 lakh crore, are in various stages of implementation in Odisha where the Reliance Industries Limited (RIL) has pledged a further Rs.3,000 crore investment.

The ambitious US$500 billion bilateral trade target is achievable but needs reforms on both sides, believes Confederation of Indian Industry (CII).

Tamil Nadu Chief Minister K. Palaniswami has assured Hyundai Motor India Ltd (HMIL) of consideration of tax incentives for a proposed Rs,7,000 crore expansion plan in the state.

PwC India is investing Rs.100 crore on development of digital solutions as well as investments in digital R&D and talent for building tech-enabled solutions.

The Abu Dhabi National Oil Company (ADNOC) is exploring the possibility of storing crude oil in India’s cavern at Padur in Karnataka.

India is pushing for liberalizing norms in the Regional Comprehensive Economic Partnership (RCEP) to promote services trade as the sector accounts for about 55% of its Gross Domestic Product (GDP).

Energy Efficiency Services Limited (EESL) and GAIL are developing natural gas-based cogeneration and trigeneration projects in Commercial & Industrial Sectors in India.

Japan’s Rakuten Mobile Network Inc and Tech Mahindra are building next generation (4G & 5G) software defined network laboratories in Tokyo and Bengaluru.

India’s food retail market is expected to touch US$827 billion by 2023, up from US$487 billion in 2017, growing at a compound annual growth rate (CAGR) of 9.23%, with recent reforms making the sector more competitive and market oriented.

Employees will be offered 99 lakh shares at Rs.252.7 per share of Coal India Ltd which is expected to fetch Rs.250 crore as the government divest its stake.