Qatar crisis not to affect LNG exports to India, China
The Dollar Business Bureau With the recent crisis in Qatar of boycotting Doha by four Arab nations, liquefied natural gas (LNG) exports from the country to the Asian countries including India, China, Japan and South Korea, have not to be impacted, said a Qatari official. “Exports of liquefied natural gas (LNG) to India, Japan, China and South Korea have not been affected by the boycott of Qatar by four Arab states, said Qatar’s Energy Minister Mohammed al-Sada on Monday. The Minister said that the exports from Qatar to the four Asian nations make up for around three-fourth of the country's overall exports. Qatar’s exports to the Bahrain, Saudi Arabia and the United Arab Emirates account for only 8%, al-Sada said in a statement. “Qatar remains committed to all its agreements with its partners and is determined to ...
Indian foreign investors top UAE realty market
PTI Indians have emerged the top foreign property investors in Dubai, spending over $3.2 billion last year alone, according to the Dubai Land Department. The total real estate investments last year reached Dh91 billion ($2.4bn) from 55,928 investors and Indians were ranked highest in terms of both volume and value among foreign investors with Dh12 billion ($3.2 bn) worth of property transactions from 6,263 buyers. In an effort to attract more investments from Indians, the 13th edition of the International Property Show will be held from April 2-4 this year. "The UAE's safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai. In addition, many Indians find Dubai as ...
UAE offered to invest $1.8 bn in Indian PSUs
The Dollar Business Bureau Calling for greater economic and strategic cooperation, India offered investment opportunities worth $1.5-1.8 billion in projects of Public Sector Units (PSUs) to the investors of United Arab Emirates (UAE). “Opportunities include a 44 per cent stake in ONGC Petro Additions for $700 million, a 24 per cent stake in Bharat Oman Refinery in Madhya Pradesh for $200 million and investment opportunity between $530 million to $850 million in a petrochemical project of HPCL and GAIL India in Andhra Pradesh,” Petroleum and Natural Gas Minister Dharmendra Pradhan said while addressing the UAE investors during his visit to Dubai. Indian Government has announced new Hydrocarbon Exploration Licensing Policy (HELP) to bring in more investments into the country’s exploration and production activity ...
UAE's telecom co. du allies with Mahindra
Source: PTI The UAE's mobile communications and technology provider du has partnered with India's mobility solutions provider Mahindra Comviva for its value added services. As part of the multi-year deal, New Delhi-based Mahindra Comviva will manage du company's end-to-end VAS (Value Added Services) business for premium services offering such as SMS alerts, WAP services, mobile Contest, Mobile Games, OTT app aggregation among others. Under VAS business management, Mahindra Comviva has extended services such as campaign planning, product management, roadmap planning, content operations and sourcing and setting up innovation lab along with technical assistance and monitoring. This end-to-end service management will further help du improve overall customer experience. Atul Madan, Senior Vice President and Head of Digital Services at Mahindra Comviva said, "With this offering, ...
Renewable energy presents India with enormous potential for domestic manufacturing and exports
Jayarama Emani | The Dollar Business Design efficiency, cost advantage and volumes present India a definite advantage in the renewable energy sector with more than 164 countries worldwide now adopting renewable energy targets. Speaking to The Dollar Business, Aditya N Rao, Vice-Chairman and MD of Pennar Industries said, “With ample access to sunlight for over 300 days a year, Solar power has emerged as a viable energy source and has a huge scope ahead for India.” Pennar Industries manufactures ‘solar module mounting structures to support the Solar PV panels.’ Given the right impetus, Indian companies can not only cater to the domestic requirements, but can also export services with regards to quicker delivery, reduced overall cost of structure and in turn ...
Migrants are major players in global market: World Bank Chief Economist
The Dollar Business Bureau India tops the list of remittance recipient countries in terms of value of remittances drawn from global migrant work force in 2014, says the World Bank’s Migration and Development Brief report, released on Tuesday. Out of US$ 583 billion- total remittance value received in 2014, India received US$ 70 billion followed by China (US$ 64 bn), Philippines (US$ 28 bn), among others, added the report. The top five migrant destination countries continue to be the United States, Germany, Saudi Arabia, Russia and the United Arab Emirates (UAE). According to the report, the officially recorded remittance flows to developing countries were estimated to have reached US$ 436 billion in 2014, accounting to 4.4% year-on-year rise and ...
Indian basmati rice exports likely to grow in FY 2015-16
The Dollar Business Bureau The Indian exporters of Basmati Rice are likely to get a boost in the new financial year with a few of the global economies mulling to import the same from India. After a brief-break since October 2014, Indian Basmati Rice exporters are expected to get market entry into Iran, which is likely to start in April 2015. Besides Iran, now, it seems China is looking forward for importing basmati rice from India. According to latest reports, India is likely to export basmati rice to China this year, with the exporting units registered with National Plant Protection Organisation (NPPO) being declared infestation-free. In this regard, the Government of India is expected to send a list of Indian ...
