We will continue to follow sound and prudent economic policies for a brighter future,' Modi
The Dollar Business Bureau Inaugurating the new campus of the National Institute of Securities Markets at Patalganga, on Saturday the PM equivocally asserted that his government ‘will continue to follow sound and prudent economic policies for a brighter future of the country’. Addressing a conclave of investment bankers, financial experts and market regulators after inaugurating the new campus, the Prime Minister said, ‘this is a time of slowdown in the global economy. Developed countries and emerging markets are both facing slow growth. Against this background, India is being seen as a bright spot. Growth is projected to remain among the highest in the world. India’s place as the fastest growing large economy has not come about by accident. To see how far we ...
Shantha Biotech starts Rs.250-cr unit in Hyderabad
Sharath Chowdary Shantha Biotechnics has started commercial production of its new manufacturing unit in Muppireddipalli Special Economic Zone (SEZ) near Hyderabad. With an investment of over Rs.250 crore, the new facility has been built to produce and export vaccines to the United Nations Children's Emergency Fund (UNICEF) and other international markets. The company is completely owned by Sanofi Pasteur, the vaccines division of French pharma company Sanofi Group. Another manufacturing facility is also being set up in Hyderabad with an investment of Rs.450 crore for the production of Insuman, human insulin, used in the treatment of diabetes. This plant is expected to commence its operations next year, Varaprasad Reddy, Chairman of Shantha Biotechnics told The Dollar Business. He said, “The two facilities are ...
A review of the Budgets impact on exportsimports and foreign investments
D K Aggarwal, Chairman, SMC Investments & Advisors Ltd. The global economic situation is a major determinant of export performance of any country, thus export growth cannot be viewed separately. With the global economy continuing to be volatile, India’s export growth performance in the last one and a half years has been much below as compared to the previous years. This is because of India’s heavy dependence on petroleum products and Gems and Jewellery. The recent Union Budget tabled by the Union Finance Minister, is perceived to be a pragmatic budget in accordance with the current Indian Economic Scenario, which set the pace for addressing long-pending issues. This path-breaking budget, clearly spells the vision of the Modi-led BJP government. ...
Mumbai to be made a global financial hub: Sinha
The Dollar Business Bureau Emphasizing on ‘Why can't India become an international financial centre like Singapore and London?,’ the Indian Minister of State for Finance Jayant Sinha on Friday said that the Government of India mulls to develop Mumbai as a major international finance centre. Sinha also exuded confidence that the $ 2 trillion Indian economy will become a $ 4-5 trillion economy in the next 10-12 years, speaking at an event organized by the Indian Private and Venture Capital Association (IVCA) in Delhi. Referring to this as a right time when India is receiving good capital inflows, Sinha called for investments assuring investors of addressing tax issues in the upcoming budget. Earlier on Thursday, in a meeting with the Central Government ...
