Industry Sectors

Politically, sentimentally, culturally and religiously, India and Vietnam are bound by innate similarities, Vietnam’s Ambassador to India, Pham Sanh Chau said.

The Memorandum of Understanding (MoU), signed by BRICS Trade and Investment Promotion Agencies in Brasilia, provides a framework for forging collaboration and facilitating greater trade amongst member countries – Brazil, Russia, India, China and South Africa.

In an all-out campaign to capture the global markets, a pilot launch of acceptance of BHIM-UPI based QR payments was demonstrated by carrying out a live transaction at a merchant terminal at Singapore Fintech Festival 2019 on 14 Nov 2019.

A Singapore consortium has cancelled a project within the proposed multi-billion dollar-Amaravati capital city but Minister S. Iswaran was quick to assure that companies from the city state would continue to seek opportunities in Andhra Pradesh.

The Indian chemicals and petrochemicals sector is expected to grow at a CAGR of 9.3%, from US$163 billion to US$304 billion market by 2025, said D.V. Sadananda Gowda, Minister of Chemicals and Fertilizers.

Oil and gas would continue to play a critical role in meeting India’s energy requirement, in coming two decades even as the country adapt to renewable energy.

A long-term goal dedicated to the infrastructure sector will have a corresponding long-term impact on the Indian economy, said Minister of State, Ministry of Road Transport and Highways, General Dr V.K. Singh (Retd).

The fundamentals of Indian economy remain quite robust with inflation under check and bond yields low, said the Finance Ministry in reaction to changed made by Moody’s Investors Service on Indian economic outlook.

It is time to further enhance India and United Arab Emirates (UAE) ‘Comprehensive Strategic Partnership’ through investments in Himachal Pradesh, said Minister of state for Finance Anurag Thakur.

Three Memorandums of Understanding (MoUs) have been signed between Ranong Port (Port Authority of Thailand) and the Port Trusts of Chennai, Vishakhapatnam and Kolkata during the first BIMSTEC Conclave of Ports on 7 Nov 2019.