ADB assigned to prepare development plan for ECEC
The Dollar Business Bureau The Government assigned the Asian Development Bank (ADB) to carry a feasibility study and to prepare the Conceptual Development Plan for East Coast Economic Corridor (ECEC) that will link Kolkata in the eastern region of the country through Chennai to Tuticorin in the South. “The Government of India gave its concurrence for engaging the ADB for carrying out feasibility study and preparing the Conceptual Development Plan for East Coast Economic Corridor (ECEC) linking Kolkata in the East through Chennai to Tuticorin in South in a phased manner, Commerce and Industry Minister Nirmala Sitharaman said in a written response in Lok Sabha on Monday. The final study on the Conceptual Development Plan for Visakhapatnam-Chennai Industrial Corridor (VCIC) has been submitted by the ADB. Master plan has started ...
Foreign Direct Investment up 35% post-make in India: Govt
Himanshu Vatsa | The Dollar Business After the launch of Make in India, the inflow of foreign direct investment (FDI) has grown by 35% and the country has attracted substantial investment from overseas in various sectors, a top government official said on Thursday. The Prime Minister Narendra Modi-led government had launched the ‘make in India’ initiative in September 2014 with an aim to turn the country into a manufacturing hub. Several measures have been announced since then to push the manufacturing sector by attracting private investors from within the country and abroad. “The foreign direct investment in the last 17 months vis a vis the figure of the 17 months of the previous year has grown by 35%,” said Amitabh Kant, ...
Government committed to ease of doing business: Commerce Minister
The Dollar Business Bureau The Union Commerce Minister, Nirmala Sitharaman, on Wednesday, informed about various measures being taken by the Government of India towards improving industrial policy and ensuring an ‘ease of doing business’ environment. A number of steps have been taken by the government to provide ‘ease of doing business’, rules and regulations have been simplified and various products are taken off from licensing requirements, informed the Minister. Further stating that the government intends to provide robust infrastructure to the business, the Union Minister said the development of industrial corridors and smart cities are to provide a conducive working environment with the state-of-the-art technology. The Minister further informed that 25 Industry related Ministries are working on sector-specific targets which ...
