Search Result for : Memorandum Of Understanding

Sourced from Press Information Bureau The Eighteenth Session of India-Sweden Joint Commission for Economic, Industrial and Scientific Cooperation (JCEC) was held in New Delhi on May 17, 2017.  The Indian delegation led by Nirmala Sitharaman, and the Swedish delegation led by Ann Linde, Minister for Trade and EU Affairs, Ministry for Foreign Affairs, expressed their satisfaction that considerable substance and contents had been added to bilateral relations during the last 2 years and reiterated their mutual desire and commitment to further strengthen the existing trade and investment relations and all-round bilateral cooperation.  The deliberations at the JCEC meeting provided an excellent opportunity to review the current state of ongoing cooperation in diverse fields such as Trade and Investment, Sustainable Urban development, Micro Small ...

The Dollar Business Bureau One of the top major ports in the country, the VO Chidambaranar (VOC) Port and Tamil Nadu’s Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) inked an agreement today to increase the capacities of two coal jetties at the port four-fold to 24 million tonnes for Rs 800 crore. The pact will upgrade two coal jetties at VOC Port - Jetty I and II -- from 6.25 MTPA (million tonne per annum) to 24 MTPA. The Ministry of Shipping in a press a statement said: "The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II.” The Minister for Shipping Nitin Gadkari said that coal ...

The Dollar Business Bureau  A MoU (Memorandum of Understanding) that was signed between India and Bangladesh during a recent diplomatic visit made by Bangladeshi PM Sheikh Hasina enabled India to extend a $4.5 billion Line of Credit (LoC) to its eastern neighbour.  This MoU, on Wednesday, received a final nod from the Union Cabinet chaired by Narendra Modi. The Cabinet’s ex-post facto approval has officially sealed India’s financial participation in the infrastructural development of Bangladesh, which will also enable India’s connectivity with its North Eastern neighbours.  The projects to be financed by this LoC will also create new business opportunities for Indian companies in Bangladesh. The MoU has listed out projects which will be undertaken under this agreement.  Providing for the strengthening of its ...

The  Dollar Business Bureau As part of the Framework of Understanding (FoU) on Cooperation in the Hydrocarbon Sector with Bangladesh, India is going to build two pipelines for diesel and natural gas between the two countries. The FoU was approved by the Cabinet soon after the recent visit of Bangladeshi Prime Minister Sheikh Hasina. The said FoU is non-binding in nature and expires after five years. With an objective of strengthening energy ties with its neighbours to enhance regional energy security, India will build a 131 km pipeline for diesel transportation from Siliguri in West Bengal to Parbatipur in Bangladesh. Another pipeline for natural gas will be laid from Dattapulia in West Bengal to Khulna in Bangladesh. The 'Friendship pipeline' which will offer a logistical alternative to rail transportation of diesel, will be entirely financed by India. The ...

Sai Nikesh D | The Dollar Business The Confederation of Indian Industry (CII), on Friday, conducted a conference aimed at improving business environment in India and also towards promotion of North India as a manufacturing hub. In the conference, a Memorandum of Understanding (MoU), focused at improving India’s ease of doing business and investments climate, has been signed between CII and the Lee Kuan Yew School of Public Policy, National University of Singapore (NUS). As per the MoU, the CII and NUS would be conducting state-level research activities in coordination with the respective State governments and prepare a state-level action plan for ease of doing business in the States. The CII-NUS joint state-level research across 11 parameters  include starting ...