Hinduja keen to set up commercial vehicle plant in Jharkhand
PTI Hinduja Group has shown keen interest to set up a commercial vehicle plant in Jharkhand and a team from the company is likely to visit the state in October. The proposal from the Hinduja Group came during a meeting with prospective investors and Jharkhand Chief Minister Raghubar Das in New York, an official release said today. Representatives of renowned companies like Clutch Group, Medtronic, Gilead Sciences also met Das, who asked them to invest in Jharkhand. Das, currently leading a delegation to woo investors in the USA, highlighted the potential of mineral-rich Jharkhand to become an industrial hub. Hinduja Group chairman P P Hinduja has proposed to set up a commercial vehicle plant in the state and assured the Chief Minister that a company delegation would visit ...
New budget to bolster economy, push exports: Industry
The major takeaway from the Narendra Modi-led governments third Union Budget was its focus on strengthening the rural economy and agriculture besides ushering tax relief for the countrys salaried class The Dollar Business Bureau The government has widened duty drawback scheme to include more products and countries besides minimising the transaction costs of EXIM trade, as additional measures to support the countrys dwindling exports After Finance Minister Arun Jaitely laid out a roadmap about how the Indian economy will shape up during the financial year 2016-17 in his third Union Budget speech earlier this week, several industry analysts praised the budget as pragmatic and progressive and said the announcement will put the Indian economy in a better place besides opening myriad opportunities ...
Ashok Leyland to export vehicles worth $200 million to Ivory Coast
The Dollar Business Bureau The vehicles, which include trucks and buses, will be delivered over the next 12 months, Ashok Leyland said India-based commercial vehicle maker Ashok Leyland will export 3,600 buses and trucks worth $200 million to Cote D’Ivore in the next one year. Ashok Leyland on Thursday said that it has signed a contract with the government of the West African country for the supply of 3,600 vehicles. “The contract is being funded by Exim Bank of India and is pending final clearance from respective governments,” the automobile major said in a statement. The vehicles, which include trucks and buses, will be delivered over the next 12 months, the company said. “I am proud that the government of Cote D’Ivoire ...
