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 ...
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 ...
Indiana governor welcomes Infosys, announces India visit
PTI Encouraged by Infosys' decision to set up a tech centre in his state and generate 2,000 jobs, Indiana Governor Eric Holcomb will lead a high- powered trade delegation to India later this year with the sole objective of attracting more Indian business, particularly IT companies. "I'm looking forward to travelling to India, probably in the fall, before the winter," Holcomb told PTI in an exclusive interview in his office at the State Capitol. Holcomb, who succeeded Vice President Mike Pence as Indiana governor, said he wanted to travel to India soon after his inauguration early this year but pressing engagements and now the summer prevented him from doing so. Holcomb, who would be the first Indiana governor ...
India and Czech companies for high Technology Cooperation, Trade and Investment
The Dollar Business Bureau With a view to enhancing greater economic engagement with the central and eastern Europe, a high level delegation of Indian officials and industry leaders has shared with their Czech Republic counterparts a slew of measures being taken by India to encourage foreign investors, particularly in the areas of high technology, including Capital goods & Engineering, under the government’s flagship,’ Make in India ‘programme. Keen on engaging actively with Czech Republic and other eastern and central European nations, India has been working under a framework of an Indo-Czech Working Group in the area of Heavy Engineering and Advanced Manufacturing, since 2013. The fourth meeting of the JWG held at Brno to coincide with MSV Brno Fair between October 3-6, ...
Cipla to set up Rs.1.3-bn biotech plant in SA
The Dollar Business Bureau Cipla BioTec, the research and development subsidiary of Cipla, will invest around Rs.1.3 billion to set up state-of-the-art manufacturing plant for the production of biosimilars in South Africa. The global pharmaceutical firm owns the third largest pharma company in South Africa - Cipla Medpro. Subhanu Saxena, MD and Global CEO of Cipla Ltd said that the investment will facilitate to create the first bio-cluster in Africa. A state-of-the-art manufacturing base in South Africa will provide new opportunities for the partners in supply chain. This will further allow high level research efforts to sustain in South Africa. The biotech manufacturing unit will attract research from global institutions. This facility will have all the required design capabilities. It will seek regulatory approvals ...
L&T Hydrocarbon signs pact with Parsons
The Dollar Business Bureau Larsen & Tourbo Hydrocarbon Engineering (LTHE ) on Tuesday announced it has signed a pact with Parsons to provide engineering and design solutions in America."L&T Hydrocarbon Engineering, a leading engineering and construction company and a wholly-owned subsidiary of L&T, announced a teaming agreement with Parsons to provide engineering and design solutions for onshore and offshore projects across the hydrocarbon, fertiliser, chemicals, and modular plant sectors," L&T said in a statement. Commenting on the announcement of the pact, Subramanian Sarma, CEO MD of LTHE said, "LTHE's broad range of offerings across the hydrocarbon spectrum coupled with Parsons' strong programme management capabilities in the Americas will provide a compelling value proposition to the customers.”Parsons Group President Mike ...
New IPR policy to protect Indian innovation, says Commerce Minister
The Dollar Business Bureau The government is in the process of bringing in a new IPR (Intellectual Property Rights) policy to ensure that Indian patents are protected, said Commerce Minister Nirmala Sitharaman. The government has set up a panel to formulate a new IPR policy in order to encourage innovation and entrepreneurship in the country. The minister said that the proposed policy will make sure that the process of registering patent is easy and affordable even for small and medium enterprises. “Patent cannot be so expensive to register. Patent cannot be so beyond small and medium industries. You shall have it within the affordable category. We shall ensure that the rights are protected. And the new IPR policy which is yet to ...
India-Peru Free Trade Agreement to focus on investments
The Dollar Business Bureau The negotiation on Free Trade Agreement (FTA) between India and Peru will focus on investment in both countries and boosting economic relations, Indian Ambassador to Peru, Sandeep Chakravorty said. Both the countries have decided to fast-track the FTA talks. A feasibility study team from Peru is expected to visit India this month to meet Indian officials. “The FTA will keep in mind investment on both sides, because I believe it is impossible to have a positive balance trade without investment; we think investment is an important part of the agreement,” Chakravorty was quoted as having said by Peru’s Andina news agency. The statement came ahead of an international convention to be held in Peru’s capital Lima from ...
