Govt calls US magnates to invest in seaplanes
Governments' top priority is to develop its 1,300 islands and 218 lighthouses to attract tourists, said Nitin Gadkari, Road Transport and Highways Minister Source: PTI The government is also promoting waterways and hopeful of getting Parliament nod on the Bill to convert 111 rivers into waterways, which is a much cheaper mode of transport Union Minister Nitin Gadkari has invited investors from the US to tap the potential of seaplanes in the country, a move that will boost the tourism sector. Promising early approvals, Road Transport and Highways Minister Gadkari said this is an era of innovation which could change the face of the country, be it science and technology or agriculture. We want to encourage seaplanes. A small nation like Maldives has a ...
Future is being made in Karnataka: R V Deshpande
Shivani Kapoor | The Dollar Business Invest Karnataka 2016 will not only focus on attracting investments in 8 focus sectors, but will also be showcasing various initiatives taken by the government Making a strong pitch for Karnataka to attract and promote investments, Minister for Large and Medium Scale Industries & Tourism R.V. Deshpande on Wednesday hailed the state as the ‘Startup Capital’ of India, saying “the future is being made in Karnataka’. “The future is in hi-technology and this hi-technology is being made in Karnataka. From 3D printing to Robotics Internet, from Nano Technology to Advanced Materials, these technologies will define the way we live. And Karnataka has become the hub for all these technologies,” said Deshpande, stepping up his ...
'Indigenous manufacturing to cut defence budget by 50%'
Source: PTI Noting that India imports defence equipment in large quantity, Indian Prime Minister Narendra Modi on Thursday emphasised on indigenous manufacturing to help slash the defence budget by 50% within a decade. Addressing an event in New Delhi, Modi also stressed on developing “local” technology to help people deal with daily challenges as well as the need to provide a proper environment and mobilise resources to encourage “innovation”. “Today our nation imports defence equipment in large quantity. Is it not possible that our institutions concentrate in the area of defence and research and prepare a human resource development pool which will help in making equipment cheaper to the extent that outside importers use this talent for manufacturing? India can be a ...
India gears up to boost trade ties with African countries
The Dollar Business Bureau The India-Africa Summit beginning next week is expected to enhance India’s trade ties with 54 African countries covering various sectors including energy, healthcare and technology, the government has said. According to the Foreign Ministry officials, more than 400 business delegations from 54 African countries will explore ways to boost trade ties with Indian industries during the four-day summit scheduled to be held in New Delhi October 26-29. On the sidelines of the Summit, industries bodies from across Africa and India will take part in an exhibition which is structured on five themes—energy, health, infrastructure, technology and innovation. The exhibition will be held on October 27-29. “As of now, more than 400 business delegates from Africa have registered and ...
UK telecom service provider to invest $300 million in India
Source: PTI New Call Telecom Limited, one of the fastest growing residential telecom service providers in the UK, will invest $300 million (about Rs.2,000 crore) in India to increase its presence in the country. “New Call Telecom has announced investments worth $300 million in the next 12-18 months in India,” its CEO Nigel Eastwood told reporters in Jammu on Friday. The focus will be on acquiring some more companies in India and enlarge business stakes in the country, he added. The company had recently acquired leading global mobile technology brand Nimbuzz and New Delhi-based Ozone Networks, country's largest Wi-Fi service provider, the CEO further said. “Nimbuzz has rapidly growing revenues that have doubled every year for the last 3 years. Ozone Network ...
Modi, Merkel talk ways to boost trade, 18 MoUs inked
Source: PTI India and Germany on Monday agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and German Chancellor Angela Merkel in New Delhi after which 18 MoUs were inked. Describing the talks as “very good”, both the leaders expressed hope that their discussions will pave the way for more robust partnership between the two countries in strategic areas. “We see Germany as a natural partner in achieving our vision of India's economic transformation. German strengths and India's priorities are aligned. “Our focus tends to be on economic ties. But, I believe that in a world of seamless challenges and opportunities, India and Germany can also be strong partners ...
Innovation, tech to be focus of PM's visit to Silicon Valley
Source: PTI Innovation, entrepreneurship, technology and renewable energy would be the focus of Prime Minister Narendra Modi during his visit to Silicon Valley over the weekend where he will meet CEOs of top American companies like Apple, Microsoft, Google and Tesla. On the first day of his arrival in Silicon Valley on September 26, Modi would visit the campus of iconic Tesla where he would be welcomed by its CEO Elon Musk. Modi would have a look at some of their path breaking inventions, particularly in the renewable energy sector. “One of the important interests in Tesla is in battery technology because it has implications on in terms of storage and renewable energy,” Indian Ambassador Arun K Singh said. Later, Modi would ...
'India has potential of defence exports worth $1 billion'
The Dollar Business Business India has the potential to increase its defence exports by 10 times in the next two-three years, according to Defence Minister Manohar Parrikar. “There is a potential of $1 billion worth of exports of technology products developed by DRDO (Defence Research and Development Organisation) in two-three years,” Parrikar said at a function in New Delhi on Wednesday. At present, the country’s annual defence export is estimated to be at the level of $100 million. According to the annual report of the Ministry of Defence, the country’s defence export was worth Rs.686 crore ($103.78 million) in 2013-14, which was up from Rs.460.97 crore in 2012-13. To increase domestic production and reduce dependence on imports, the defence minister said the ...
