Manufacturing

India aims to win US$100 billion in foreign direct investment in the next two years by offering special industrial clusters to companies from countries such as Japan, South Korea, China and Russia.

Indigenous technology-based Train 18 has achieved 180 km per hour speed, making it the fastest train in India. The semi-high-speed train has been approved by the Chief Commissioner of Railway Safety (CCRS), said Railway Minister Piyush Goyal.

Often considered that the corporate Japan's presence in India was not strong, Japanese Ambassador in New Delhi has given an update on the increase in the numbers of businesses and companies.

Commerce and Industry Minister Suresh Prabhu is not fully satisfied on the 2019 export strategy and has called for special focus on boosting shipments to the African continent and Latin American markets given the huge growth potential.

Globally diversified resources group, Vedanta Ltd, is to set up a 4.5 million tonner per annum steel plant in Jharkhand with an investment of US$3-US$4 billion.

Reliance Industries Ltd has invested US$5 million in a London-based start-up Vakt Holdings Ltd as part of its accelerated digitalization process along with global business groups.

A cost of Rs.12,134 crore has been approved for the Ministry of Railways’ planned 100% electrification of Broad Gauge (BG) routes and accordingly work for electrification of balance BG routes of 13,675 Route Kilometer.

The Indian and Japanese communities are set to get closer and enhance cultural linkages, said Ambassador of Japan to India, Kenji Hiramatsu, after launching the 'India-Japan Friendship Forum' (IJFF) in Delhi on 19 Dec 2018.

Swedish home furnishing group, IKEA, is planning to invest Rs.5,000 crore for setting up large and small format stores in the Uttar Pradesh.

GE Renewable Energy has been selected by ReNew Power, India's largest renewable energy Independent Power Producer (IPP), to provide 120 GE 2.5-132 turbines for the Gadhsisa Wind Farm in Gujarat.