Search Result for : Joint Ventures

The Dollar Business Bureau India seeks to double the investment from Germany over the coming five years from the present 9.5 billion euros and it also wants a rise of two-fold in the number of German firms in the country, said a former India’s Ambassador to Germany on Tuesday.  In the last few years, India has attracted around 74 German firms that have business ideas worth $1 billion of investment, Gurjit Singh told PTI. Prime Minister Narendra Modi is on a visit to Germany and held discussions with German Chancellor Angela Merkel, and also signed eight pacts. According to the latest news, Merkel was happy to, "develop cooperation with India. That's of huge importance and in no way directed against any other relationships and certainly not against the ...

The Dollar Business Bureau The government is planning to utilise surplus land available with public sector units (PSUs) by forging joint ventures (JV) with private players for setting up of new steel plants, which will also help the government to achieve its target of taking the steel production capacity of the country to 300 million tonnes by 2030.  The Union Cabinet on Wednesday has approved the New Steel Policy (NSP) 2017 that is aimed at achieving the country’s steel production capacity to 300 million tonnes by 2030 with an additional Rs.10 lakh crore investment. Currently, the steel production capacity of the country is 126 million tonnes. “A new policy for steel industry has been approved after 12 years that will give a ...

The Dollar Business Bureau A delegation of China Fortune Land Development Co. Ltd (CFLD) on Wednesday held a meeting with Capt. Abhimanyu Singh Sindhu, Industries and Commerce Minister of Haryana to discuss opportunities for investment and set up a joint venture in the state.    According to official sources after the Chinese conglomerate Wanda Group, CFLD is yet another company that has shown interest to set up a joint venture in Haryana. Headed by Xingchuan Liu, Chief Financial Officer (CFO) of CFLD, a five-member delegation, met the Industries and Commerce Minister in Chandigarh, the source said. "The delegation had discussions on investment opportunities in the areas of automobile, aerospace, electronics and food processing in the state," it said. Xingchuan Liu, mentioned during ...

Source: PTI  Upbeat about a rise in aluminium consumption in India, Navaratna PSU Nalco is all set to invest Rs.30,000 crore in various projects in the next five years. “Nalco plans to invest to the tune of Rs.30,000 crore in the next five years,” Nalco’s CMD Tapan Kumar Chand said in his Republic Day message, adding that a Rs.6,000-crore refinery project in Damanjodi is on the anvil too. “Sunny days are ahead for aluminium industries as consumption in the country is slowly picking up against the backdrop of an increase in GDP to 7.5% this fiscal and availability of consumption potential of more than three multiples,” the CMD said. Noting that the average consumption was 2.2 kg in India as against the global 8 kg ...

PIB, Government of India The Union Cabinet chaired by Prime Minister Narendra Modi has approved the MoU between the India-Taipei Association (ITA) in Taipei and Taipei Economic and Cultural Center (TECC) in India. The MoU is on cooperation in the field of Micro, Small and Medium Enterprises. The objective of the MoU is to promote the cooperation between the Micro, Small & Medium Enterprises between the two parties. It provides a structured framework and enabling environment to the MSME sector of the two parties to understand each other's strengths, markets, technologies, policies etc. It also contains an agreement between the two parties to enable their respective MSMEs to participate in each other's trade fairs/exhibitions and to exchange business delegations with the ...

Source: PIB, Government of India Production Performance of Oil & Natural Gas Sector for the month of July, 2015: 1. Crude Oil Production 1.1 Indigenous crude oil production (including condensate) during July, 2015 was 3134.254 TMT which is 0.66% lower than the target for the month and 0.39% lower than the production during corresponding period of last year. Cumulative crude oil production during April-July, 2015 was 12445.281 TMT which is 1.85% higher than target for the period and 0.7% lower than the production during corresponding period of last year. Unit-wise and state-wise crude oil production is given at annexure-I. Unit-wise crude oil production (including condensate) for the month of July, 2015 and cumulatively for the period April-July, 2015 vis-à-vis same period ...

The Dollar Business Bureau India and France are likely to set up a joint committee to firm up the process of defence agreement signed between the two countries recently. The committee comprising representatives from both the countries will work towards the operationalisation of a deal agreed between the two countries over supply of 36 Rafale fighter jets to India during the recent visit of Indian Prime Minister to France, says the defence news report. And, the information regarding the constitution of the panel for the committee will likely be announced during the upcoming visit of Jean-Yves Le Drian, French Defence Minister, to India on Wednesday. The joint committee will further be instructed to ensure the early conclusion of the final negotiations regarding ...