Search Result for : Investments

The Dollar Business Bureau The Government is expecting investments worth Rs. 15 lakh crore under its ambitious 'Sagarmala' programme - for modernisation and developments of ports. “The Ministry expects Rs.15 lakh crore investments under the ambitious 'Sagarmala' infrastructure development programme,” said Minister of Road Transport and Highways and Shipping Nitin Gadkari after laying the foundation stone for setting up of a National Technology Centre for Ports, Waterways and Coasts (NTCPWC), at IIT Chennai. “We are expecting around Rs.4 lakh crore investment to be made in road connectivity, modernisation and mechanisation of ports and port-rail connectivity. Work worth Rs.2.80 lakh crore has already been started,” he added. Under the Sagarmala programme, the Shipping Ministry has planned to develop Special Economic Zones (SEZs), coastal ...

The Dollar Business Bureau Mergers and acquisitions (M&As) by Chinese firms in nations which are part of the Belt and Road Initiative (BRI) are rising, even as the Government cracks down on acquisitive conglomerates of China to limit capital outflows. The acquisitions by Chinese firms in 68 countries that are officially linked to the foreign policy of President Xi Jinping totaled around $33 billion till August 14, exceeding the $31 billion total count for the entire 2016, as per the data by Reuters. The BRI project, unveiled in 2013, is aimed at creating a modern-day ‘Silk Road’, which connect China by sea and land to Pakistan, Southeast Asia and Central Asia, and further to the Europe, Africa and Middle East. President Xi has ...

The Dollar Business Bureau As growth of country’s industrial production slipped to 3.1% in the month of April, India Inc reiterated its demand for a cut in interest rate by the Reserve Bank of India (RBI), stating that it was imperative to bolster growth as well as consumer demand. Industry body ASSOCHAM said on Monday that the industry has been disappointed by the RBI’s status quo on the interest rates as there was a possibility for a cut in the key policy rate. “It is unfortunate for the industry that while the government has taken steps to revive the demand by implementing reforms, RBI's stance to maintain the status quo has hit the expectations of the industry though there was a room for ...

The Dollar Business Bureau  ASSOCHAM Secretary General D S Rawat said on Thursday that this is not the appropriate time to attract ‘large investments’ in Punjab as there is lack of demand and exports are still low.  “This is not the right time to attract large investments as nobody will be able to invest because the demand is missing and exports are not picking up, said Rawat after releasing the Agenda for Punjab Government 2017 in Chandigarh.  “Therefore, we have to promote innovativeness in order to improve competition in the state,” he added.  However, he said, the investment can be done only in small-scale industries. The entrepreneurs would get a chance to grow from a small scale-to-medium industry and from medium scale-to-large. They can ...

The Dollar Business Bureau  India and its neighbour Nepal will further strengthen cooperation in some key areas such as investments, trade, security and energy, the Ministry of External Affairs of India said. The two countries had discussions on various issues during the Nepalese President Bidya Devi Bhandari ongoing visit to India. The Nepalese President is on a visit from April 17-21 to India and held meetings with Indian President Pranab Mukherjee, Vice President Hamid Ansari, External Affairs Minister Sushma Swaraj, Home Minister Rajnath Singh and Finance and Defence Minister Arun Jaitley. The two sides noted that India-Nepal ties derive their strength from their shared history, common ethos of culture, and long intense and close people-to-people contact supported by the open borders, MEA said in ...

The Dollar Business Bureau The delay in catching up with the world on 3G and 4G, the Telecom Secretary, J S Deepak says, will not be repeated for 5G. "It has a wider application for the industry including smart cities and management of grids. So we are keen to be with the world," he explained, stating that 5G is going to be important for India's productivity. South Korea is poised to introduce 5G by 2018, the year it is hosting the Winter Olympics. In order to stay ahead of the curve on the fifth generation data services, the government is keen on formulating a policy for the use of high-frequency spectrum bands before July. "In the next three months, we ...

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 ...

The Dollar Business Bureau Shaktikanta Das, Economic Affairs Secretary, said that India is trying to enhance shipments to China in order to reduce the trade deficit, which reached $46 billion in 2016. "Our commerce and trade department is working with China to increase our exports there. So that there is parity in trade with China," Das said while interacting with the Chinese media delegation in New Delhi. In 2016, trade between the two countries was $71 billion. But India had a huge trade deficit of $46 billion with China. The Finance Ministry, in a series of tweets, said that India is intending to augment exports to China and was also working on that. For sustainable trade ties, trade balance is required between China and India ...