Projects

Land pooling is a new paradigm for the urban development of Delhi, wherein the private sector will play an active role in assembling land and developing physical and social infrastructure.

The International North-South Transport Corridor (INSTC) is part of the wider bilateral trade promotion being worked on by India and Russia, according to a joint statement in Delhi on 5 Feb 2019.

Commerce and Industry Minister Suresh Prabhu has invited Monaco industries to invest in the Indian services sector which is expected to contribute US$3 trillion to India's GDP once it is a US$5 trillion economy in the next 5-6 years' time.

India is looking for greater collaboration with Germany in projects like smart cities, food processing sector, building of airports, dairy sector and technology for green energy.

India and Poland have signed a Memorandum of Understanding (MoU) covering coal mining and clean coal technologies.

The Prime Minister, Narendra Modi, has inaugurated and laid foundation stones of several projects during his visit to Jammu and Kashmir on 3 Feb 2019.

The Prime Minister, Narendra Modi, has dedicated the 220 kV Srinagar-Alusteng-Drass-Kargil–Leh Transmission System to the Nation on 3 Feb 2019, saying it is a step that would ensure quality power supply to Ladakh round the year.

The Federation of Indian Export Organizations (FIEO) has signed two Memorandum of Understanding (MoUs) with the Ceylon National Chamber of Industries and Kabul Chamber of Commerce and Industries to further promote commerce and trade.

The Interim Budget, announced on 1 Feb 2019, addresses both the current challenges faced by the economy and outlines the vision for the future, said Sandip Somany, President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

India’s interim Budget for FY20, announced 1 Feb 2019, suggests that the economic priorities have taken precedence over near-term fiscal consolidation as the 3% of GDP fiscal target stands delayed, writes Radhika Rao, Economist at DBS’ Group Research in Singapore.