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India welcomes Saudi investment in infrastructure sectors

Source: Economic Times Saudi businessmen have a good opportunity to invest in India’s vital infrastructure sectors including oil, gas and petrochemicals under the new government’s ‘Make In India’ initiative, a top Indian diplomat here has said. The campaign launched by Prime Minister Narendra Modi in September aims at eliminating unnecessary laws and regulations, making bureaucratic procedures easier and shorter thus leading to a transparent, responsive and accountable government, B S Mubarak, Indian Consul General in Jeddah said. It provides a…

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India’s $3-billion investment might be gamechanger for Nepal

Source: Economic Times Within just six months at the helm, Indian Prime Minister Narendra Modi injected over $3 billion of investments into Nepal, a possible gamechanger in Nepal-India relations that may entirely change the economic landscape of the Himalayan nation. The two sides recently reached three agreements – two in the energy sector and one on India’s line of credit – and another landmark power trade agreement. Tapping Nepal’s hydropower resources is a major focus in the deals signed. Mired…

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Ahead of Barack Obama visit: India, US to start discussion on defence technology, production from Monday

Source: Economic Times India and the United States will discuss defence technology transfer and joint defence production in Delhi from Monday, in the first major political-military dialogue in the run-up to US President Barack Obama’s visit to India as chief guest at Republic Day next month. Hoping to give a boost to Modi’s call to global manufacturers to ‘Make in India’, the two sides will explore the possibility of joint defence production in critical areas like missiles after the government…

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This is best time for India to become superpower

Source: Economic Times Global consultancy firm KPMG India’s CEO Richard Rekhy today said that economic slowdown in many countries have provided a great opportunity for India to be at centre stage of world. Addressing management students at ‘Confluence-2014’, held at Indian Institute of Management, Ahmedabad (IIM-A) here, Rekhy also listed several challenges which India needs to overcome to become the superpower. “Chinese economy is slowing down, while US economy is fluctuating. This is the best opportunity for India to get…

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North East has trade potential of upto Rs 1.8 lakh crore

Source: Economic Times North East India has a trade potential of anywhere between Rs 35,000 crore and Rs 180,000 crore and could well become a growth engine for the economy. Total trade between India and its immediate neighbours, Nepal, Bhutan, Bangladesh and Myanmar in 2013-14 was to the tune of Rs 80,303 crore and has been growing at a CAGR of 20%. However, despite sharing its border with these countries the share of the NE region of this trade was…

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Narendra Modi has turned India into a magnet: McKinsey CEO Dominic Barton

Source: Economic Times Dominic Barton, the CEO of the world’s largest whiteshoe consulting firm, McKinsey, says that India is back on the priority list of CEOs after Narendra Modi’s ascension to power. “People had given up on India. They felt India is too complicated and it was difficult to get anything done. It had dropped in the last five years on people’s priority (list). I think it has gone right back up, people are interested, obviously people are going to…

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PE investments cross $10 billion mark: Thornton

Source: Economic Times Private equity investments in India amounted to $1.7 billion last month, taking the overall PE deal tally to $10.2 billion in the first 10 months of this year, says a Grant Thornton report. According to the assurance, tax and advisory firm, PE deal values and volumes in October surpassed levels seen during the same month of the earlier years and was also among the highest in a month this year. As many as six deals valued over…

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Ahead of Trade Policy Forum meet, India and US officials discuss trade related issues

Source: Economic Times Ahead of the minister level meeting of the Trade Policy Forum (TPF) tomorrow, senior commerce ministry officials of India and the US today discussed various trade related issues here. “We had frank exchange of views. We will continue to work together and see how we can work towards a common goal… (several) issues were brought up and discussed and we would like to see each other’s perspective on those issues,” Commerce Secretary Rajeev Kher told reporters after…

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Mauritius Emerges As Biggest Investor In India

Source: inserbia.info Mauritius has emerged as the biggest investor in India. In its latest report, the Reserve Bank of India (RBI) said that the island nation in the Indian Ocean has strengthened trade ties with India in the last few years to become the largest investor. The UN Conference on Trade and Development’s (UNCTAD) FDI Statistics Division on Investment and Enterprise, too, supported the RBI’s claim, saying that Foreign Direct Investment (FDI) stock – or the combined net value of…

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