Our aim is to make India a zero net IT import country by 2020: IT Minister
Aamir H Kaki P.P. Chaudhary, Minister of State for Electronics & Information Technology said on Wednesday that government is aimed to make India a zero net import country in the IT sector by 2020. “Our aim is to make India a zero net import country in this sector by 2020. As far as the exports of IT and ITes are concerned, there is no doubt we are doing very well,” he said at the two-day India Internet Conference (IIC) 2017, organised by FICCI in association with the Ministry of Electronics & IT (MeitY) in New Delhi. “My ministry is creating a robust digital infrastructure to ensure efficient delivery of digital services to the citizens. An extensive focus has been laid on promoting domestic products ...
PE funds, NRIs invest cautiously in new capitals : Knight Frank
Sharath Chowdary Though the Government of Andhra Pradesh is aggressively trying to attract global investments for the development of the new capital city, investors are adopting a "wait and watch" approach to invest in the projects of the nearby urban centres like Vijayawada and Guntur. Private equity (PE) firms and non-resident Indians (NRIs) are observing the developments taking place in and around the new AP capital – Amaravati. Being cautious on the returns, they are still evaluating the growth prospects of the city, Knight Frank India Chief Economist and National Director-Research Samantak Das told The Dollar Business Bureau. He had released a detailed report on the two upcoming state capitals - Amaravati (AP) and Naya Raipur (Chhattisgarh), on Wednesday. The ...
