India attracts Rs.53 lakh-cr funds in infra sector
The Dollar Business Bureau India has attracted over all investments worth more than Rs.53 lakh crore in various categories of infrastructure sector. The categories include transport, health, education, recreational services, communication services, wholesale and retail trading, information, hotels and tourism, and storage and distribution services. Among these, transport services garnered the maximum share at 71% of the investments. This information has been revealed by Associated Chambers of Commerce and Industry of India (ASSOCHAM) in its study ‘Analysis of infrastructure investment in India,’ in Hyderabad on Friday. Total investments attracted by infrastructure sector across India have increased at a compounded annual growth rate (CAGR) of 10% to reach Rs.53 lakh crore in 2015 from over Rs 32 lakh crore in 2010. As per the ...
India, Africa seek to enhance energy ties
The Dollar Business Bureau India, the net importer of crude oil, looks to explore opportunities to boost trade and investment in the hydrocarbon-rich Africa to tap the unexplored resources of the continent to meet its fuel demand. With an aim to create greater cooperation, New Delhi is hosting the 4th India Africa Hydrocarbon Conference (IAHC) on January 21-22, which will provide a global forum for energy ministers and delegates of African nations to chart out the road map for extended energy cooperation with India. “It is a continuation of the discussion revolving around synergies between India and Africa and will strengthen the ties between the two. The partnership would enable India to enhance its energy security while nurturing Africa’s hydrocarbon’s ...
