SC Garg assumes charge as economic affairs secretary
The Dollar Business Bureau Subhash Chandra Garg, a senior bureaucrat on Wednesday took charge as the new Secretary of Department of Economic Affairs (DEA), Ministry of Finance. Garg succeeds Shaktikanta Das, who had retired on May 31 after an extended term. Tapan Ray, Corporate Affairs Secretary, was handling the additional charge of Economic Affairs Secretary after the exit of Das. “Subhash Chandra Garg assumed charge as full-time Secretary, Department of Economic Affairs, said an official statement on Wednesday. In his immediate preceding posting, Garg has served as the Executive Director, World Bank for India, Bhutan, Bangladesh and Sri Lanka. He is a 1983 batch IAS officer, from Rajasthan cadre and has worked in various capacities with the central government. “Garg has widespread administrative experience ...
Indian-origin tycoon Sanjeev Gupta to bail out another ailing UK plant
The Dollar Business Bureau Indian-origin businessman Sanjeev Gupta is likely to bail out yet another ailing plant in Britain after he agreed to acquire the UK’s biggest producer of merchant bars that are used in shaping steel products. As per the deal, Gupta’s Liberty House Group will buy out 100% of the share capital of the Caparo Merchant Bar Plc (CMB) from its managers of Caparo Industries. The acquisition forms a part of Liberty House’s broader strategy for Britain’s steel industry, with taken over major parts of Tata Steel’s UK business and earlier acquiring a large part of Caparo’s engineering operations when the plants owned by Indian-born business magnate Lord Swraj Paul, went into management in 2015. “CMB remained solvent despite its parent, Caparo Industries Plc, ...
AP woos Japanese companies to build smart communities
Sai Nikesh | The Dollar Business The Confederation of Indian Industry (CII) on Thursday organised a day-long Indo-Japan seminar on ‘Expanding Technology Cooperation for Smart Community in Andhra Pradesh’. The event was attended by more than 30 Japanese delegates and 100 participants from Japanese energy companies. The participants discussed various aspects on building cooperation between the Government of Japan and the Government of Andhra Pradesh to develop infrastructure in the newly formed State. The Japanese delegation and the Andhra Pradesh government announced to take steps to ensure better mutual cooperation in areas of building smart infrastructure and smart community, aimed at developing world class infrastructure for the State. Giving details of Japanese investment interest in the State, Ken Sasaji, ...
