Investment

Paradip to compete globally   The port city of Paradip is to be developed as World Class Smart Industrial Port City to be globally competitive, said Joint Secretary (Ports) Pravir Kishn at the Ministry of Shipping. The presence of mineral resources...

Russian stake raised An aerial view of De-Kastri terminal in Sakhalin. A consortium comprising Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited is in the process of acquiring an additional stake of 23.9% in Vankor and...

Boost for maritime sector South Korea's leading shipyard, Hyundai. Maritime clusters are to be one of focal points for economic development along India’s coastline, says a draft report prepared under Sagarmala Programme of the Ministry of Shipping. The report on...

Stress relief for contractors Challenges of India's stressed construction sector. The Cabinet Committee on Economic Affairs has approved today a series of initiatives to revive the financially-stressed Construction Sector. These initiatives include: Public and Statue Units (PSU)/Departments may seek the...

Swedish partnerships sought In a bid to deepen Indo-Swedish defence and aerospace cooperation, the Indian Government has urged Swedish companies to forge large scale partnerships with Indian manufacturers and reap the ‘early bird’ advantages from the amended defence procurement rules....

Global FDI US$55.4bn Nirmala Sitharaman Foreign Direct Investment from the United States into India has increased to US$4.19 billion in 2015-16 from US$804 million in 2013-14, said Commerce & Industry Minister Nirmala Sitharaman at the India-US Strategic and Commercial Dialogue...

Ascendas-Singbridge in Gurgaon Ascendas-Singbridge's model project: OneHub Chennai - An Integrated Industrial Township. Singapore’s Ascendas-Singbridge is building a US$400 million Information Technology Park at Gurgaon (ITPG) to provide eight million sq ft business space. Phase I, with two building of one...

Fuel cess for projects Nitin Gadkari briefing the media, during the IACC Convention. The Shipping Ministry has proposed using part of the fuel cess collected for building national highways for expansion of National Waterways. Speaking at the Infrastructure Session of the...

JNPT signs US$400m funding The Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai has signed an agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for External Commercial Borrowing (ECB) of US$400 million for expansion programme. The...

Smartphone competition Some 800 models compete for mind and wallet share of the US$16 billion Indian smartphone market, according to the latest research by Strategy Analytics. The research report, India Android Smartphone Replacement Dynamics, identifies online as the preferred channel...