India thinking big and moving big on energy: US Prof to Congress
The Dollar Business Bureau To catch up rapidly in development, India is “thinking big and moving big” as the country lags behind its neighbour China, by providing huge opportunities to a nation like the US, a University of Maryland Professor told the American lawmakers. “India is moving quite quickly in a number of areas as well, again, on renewable energy, which is a kind of golden thread running through this hearing. India is thinking big and moving big,” said Robert Orr, Professor and Dean, University of Maryland, School of Public Policy, at a Congressional hearing. Replying to a question, he said that India has big goals on wind and solar. The country is not only meeting them but also surpassing them. These areas ...
Tata Communications to invest $300 mn on expansion in FY18
The Dollar Business Bureau Global telecom company Tata Communications Ltd is going to invest about $300 million to expand its network, its software and improve its platform during the next financial year 2017-18. The company is also eyeing to acquire new service fields like cloud, mobility and Internet of Things (IoT). "In telecom, networks need to expand in terms of scale and reach to create infrastructure closer to customers. So, there is a natural amount of spend that is required...We will be spending $150 million on network, and $150 million into platform, software and other capabilities," Vinod Kumar, Managing Director and Group CEO, Tata Communications told PTI. He further said that about half of company's total capex ...
Continuing reforms to push growth higher, says FM
Source: PTI Wooing foreign investors with the promise of easier conditions for doing business, Finance Minister Arun Jaitley on Monday said continuing reforms will push India's economic growth higher than last year's 7.3% despite adverse global winds. India has the potential to be the bright spot in the gloomy world economic scenario, he said, adding fiscal deficit is coming down and inflation is very much under control. Showcasing the India growth story to international investors with collective asset under management of $10 trillion, Jaitley asked them to invest in infrastructure, manufacturing and other sectors that have funding needs. On the last day of his four-day visit to Singapore and Hong Kong, Jaitley said he thinks India has the potential to be ...
