India offers $500 million loan to Indonesia for its power sector
The Dollar Business Bureau Ambassador of India, Mr. Gurjit Singh (R) called on Vice-President of Indonesia Mr. Jusuf Kalla on 12 January 2015 (Pic source – Govt. of India) Indonesia has accepted a soft loan of $500 million offered by India for investments in Indonesia’s power infrastructure. Gurjit Singh, Ambassador of India, met Jusuf Kalla, Vice-President, Indonesia this week to exchange ideas on socio-economic conditions and for charting development paths where both new governments are engaged. Indonesia’s Kalla has said that the government will use the loan for funding suitable projects in power infrastructure. According to studies, Indonesia’s power sector is expected to grow by around 7.5% in 2015 and is a focus sector of the government in its plans ...
India's veg oil imports forecast to surge 60% to $15 billion this year: ASSOCHAM
The Dollar Business Bureau | @TheDollarBiz The juggernaut of India’s veg oil imports, which started rolling in the mid-nineties following import relaxations and economic reforms, is all set to grow to mammoth proportions this year. A new report by the Associated Chambers of Commerce & Industry of India (ASSOCHAM) says that India’s spending on veg oil imports is expected to reach a record high of $15 billion in FY2014-15. This is over 60% more than what India spent in FY2013-14 (around $9.3 billion) and about 3% of India’s total imports last year. According to the report, India’s imports of veg or edible oils in the first five months of this fiscal year are already up over 53% y-o-y ...
