Indias GDP of 7.5% attracts Canada: Watson
By Deepak Kumar l The Dollar Business Bureau “India and Canada have been natural partners in the global economy, and India’s current GDP growth rate of about 7.5% opens up more opportunities for the two countries to enhance bilateral trade,” says Jim Watson, Mayor, City of Ottawa, Province of Ontario (Canada) in an interview to The Dollar Business. TDB met Mayor Watson, who is leading a business delegation to explore business opportunities during his visits to New Delhi, Mumbai and Bangalore. The freewheeling interaction with the mayor ranged across various matters of bilateral interest, but most importantly, the current level of bilateral trade between the two nations, and if he had set an eye on any particular sector of potential engagements. Excerpts: ...
Dr Reddys inks deal to sell US drugs in India
The Dollar Business Bureau Dr Reddy's Laboratories has entered into an agreement with US-based biotechnology firm Amgen to sell its three drugs meant for heart and cancer patients in India. Terming it as a “strategic collaboration”, Dr Reddy’s said that it will undertake a full range of regulatory and commercial services to seek approval and launch the three medicines— Kyprolis, Blincyto and Repatha in the Indian market. “We are excited about our strategic collaboration with an innovation powerhouse like Amgen and look forward to making their innovative medicines accessible to Indian patients. Addressing significant unmet needs of patients in oncology and cardiovascular are key areas in India and therefore, a priority for us at Dr Redy's," said Alok Sonig, Executive Vice-President and Head of ...
'Australia ready to bring investments worth US$ 10 billion to India'
The Dollar Business Bureau Australian companies are expected to invest up to $10 billion in India as part of the economic collaboration between the two countries in various sectors. “Investments worth $10 billion is in the pipeline in varied sectors, including resources and manufacturing,” Patrick Suckling, Australian High Commissioner to India, was quoted as saying in a report. Speaking at an interactive session with MCC Chamber of Commerce and Industry in Kolkata, Suckling said that his country was willing to join hands with India, especially in energy, food, education and infrastructure sectors. “Australia has very rich resources of mineral. For procuring Uranium, there are a lot of geo-political issues involved. India is in dire need of Uranium and Australia can be ...
