Adventz Groups Texmaco signs $2 bn MoU for Israel light rail
The Dollar Business Bureau Indian conglomerate Adventz Group said on Tuesday that it has signed a $2 billion-plus MoU with the Israeli construction and development company Lesico Group to collaborate in the light rail transit (LRT) projects in Jerusalem and Tel Aviv. The announcement came in the backdrop of a top-level Indian political and business delegation led by Prime Minister Narendra Modi visiting the Jewish nation currently. The historic visit – first time for any Indian Prime Minister – is being seen as a watermark in deepening economic and trade relationships between New Delhi and Tel Aviv. “The memorandum of understanding (MoU) between Lesico with Adventz Group will be a first for an Indian conglomerate with group company Texmaco Rail & Engineering Limited, which ...
India, Egypt want to expand partnership in various fields
The Dollar Business Bureau Sanjay Bhattacharya, Indian ambassador to Egypt, met with Egypt’s Minister of International Cooperation Sahar Nasr and Minister of Social Solidarity Ghada Wali last week. India and Egypt have a close partnership in various fields and are envisaging to expand into new areas of cooperation. “India and Egypt have a very close partnerships in various fronts and we want to expand our agenda which will include the possibility of new cooperation opportunities,” Sanjay Bhattacharya told the media. He was speaking to the media after meeting the Egyptian Minister of Social Solidarity recently. India had extended its collaboration in achieving two large developmental projects; the solar project and the vocational training project in Egypt. The success of both the projects has made Egypt ...
New policy to set up call centres in smaller towns
The Dollar Business Bureau The government is likely to put in place a policy to set up a large number of call centres in smaller towns across the country. A new BPO (Business Process Outsourcing) policy has been finalised and around 48,000 seats have already been identified, according to IT and Telecommunication Minister Ravi Shankar Prasad. “I have finalised a policy for call centres in smaller towns. I have approved 48,000 seats and the expression of interest will be invited soon for the purpose,” Prasad said at the foundation laying ceremony of the National Institute of Electronics and Information Technology (NIELIT) headquarters in New Delhi. New seats for call centres will be distributed among states on the basis of ...
India signing LSA, CISMOA and BECA pacts critical for US DTTI cooperation
The Dollar Business Bureau In a move towards Defence Trade and Technology Initiative (DTTI), the United States officials on Thursday stressed India to ink three key pacts that have been pending over years. The three pacts that were mentioned are Logistics Support Agreement (LSA), Communication Interoperability and Security Memorandum Agreement (CISMOA) and Basic Exchange and Cooperation Agreement for Geo-Spatial Cooperation (BECA). Terming them as ‘foundation pacts’ for stronger defence cooperation between the two countries, the US officials said, “If India did not sign the pacts, it would become an issue at some point in the future, as the two countries worked on high-end defence technology.” According to a report from India Defence Research Wing, the US officials made ...
