India, Japan ties on infra development offer opportunities for Singapore cos
The Dollar Business Bureau India and Japan have come together in a major way for developing strategic and civilian infrastructure in Andaman & Nicobar Islands and abroad that can distinctively benefit Singapore, said a leading Indian researcher. Rupakjyoti Borah, visiting research fellow at National University of Singapore (NUS), said that India-Japan partnership offers business opportunities to Singapore’s infrastructure companies that are ‘too good to miss’. He further said Singaporean companies could collaborate with firms in India and Japan, not just for building, but also maintaining the infrastructure projects. “A notable area could be the port (sector) as Singapore has rich expertise in this area,” Borah said, while speaking at the Institute of South Asian Studies in Singapore. Borah further said that being a major energy ...
Foreign Direct Investment up 35% post-make in India: Govt
Himanshu Vatsa | The Dollar Business After the launch of Make in India, the inflow of foreign direct investment (FDI) has grown by 35% and the country has attracted substantial investment from overseas in various sectors, a top government official said on Thursday. The Prime Minister Narendra Modi-led government had launched the ‘make in India’ initiative in September 2014 with an aim to turn the country into a manufacturing hub. Several measures have been announced since then to push the manufacturing sector by attracting private investors from within the country and abroad. “The foreign direct investment in the last 17 months vis a vis the figure of the 17 months of the previous year has grown by 35%,” said Amitabh Kant, ...
Governments B2B portal expands services to make business easier
The Dollar Business Bureau In an effort to make business process easier in India, the government’s B2B web portal – www.ebiz.gov.in – has included 14 services provided by the Central government to ensure quick and online resolution of issues faced by industries in India. The web portal aims at providing various services of the Central government, State government and government-run bodies through a single window. A total of, 14 Central government services have been integrated with the portal. “This helps improve ‘ease of doing business’ in India by reducing the compliance burden on industry arising out of procedural and regulatory formalities,” Minister of State (Independent Charge), Ministry of Commerce and Industry, Nirmala Sitharaman, said in a written reply in ...
Domestic market key for India in an era of weak global demand
Sai Nikesh D | The Dollar Business The Confederation of Indian Industry (CII), on Friday, conducted a conference aimed at improving business environment in India and also towards promotion of North India as a manufacturing hub. In the conference, a Memorandum of Understanding (MoU), focused at improving India’s ease of doing business and investments climate, has been signed between CII and the Lee Kuan Yew School of Public Policy, National University of Singapore (NUS). As per the MoU, the CII and NUS would be conducting state-level research activities in coordination with the respective State governments and prepare a state-level action plan for ease of doing business in the States. The CII-NUS joint state-level research across 11 parameters include starting ...