India Positive - January 16, 2015

  • India Positive - January 16, 2015

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January 16, 2015

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JBIC Survey Ranks India as No. 1 Destination for Future Investments

Japan Bank for International Cooperation (JBIC) has ranked India as the number 1 destination for future investments followed by Indonesia and China.

India to become fastest-growing economy in PM Narendra Modi government's 4th year: World Bank

India is set to become the fastest-growing big economy in the world in the fourth year of Prime Minister Mr Narendra Modi's Government. India is set to register a 7 per cent rise in gross domestic product (GDP) in 2017 surpassing China, as per the World Bank publication.

Minister of MSME to inaugurate Rapid Incubation Centre in Rwanda

Mr Kalraj Mishra, the Minister of Micro, Small and Medium Enterprises (MSME), Government of India, will visit Rwanda on January 16 and 17, 2015, to inaugurate the Rapid Incubation Centre in the fields of food processing, light engineering and vocational trades established by NSIC under India Africa Forum Summit (IAFS-II).

India’s Internet economy to reach Rs 10 trillion by 2018

India's Internet economy is expected to touch Rs 10 trillion (US$ 1.62 trillion) by 2018, accounting for 5 per cent of the country's gross domestic product (GDP), according to a report by the Boston Consulting Group (BCG) and Internet and Mobile Association of India (IAMAI).

RBI cuts repo rate by 25 bps to 7.75 per cent as inflation eases

The Reserve Bank of India (RBI) pared its repurchase rate by 25 basis points (bps) to 7.75 per cent from the current 8 per cent, citing easing inflationary pressures. One basis point is one-hundredth of a percentage point.

Vibrant Gujarat Summit: Investment pledges worth Rs 25 lakh crore

Vibrant Gujarat Global Summit 2015 ended with Ms Anandiben Patel, Chief Minister of Gujarat, announcing over 21,000 separate investment intentions which have been signed with 1,250 partnership agreements. Corporates from India and abroad altogether have pledged to invest Rs 25 trillion (US$ 402.45 billion).

Power sector has investment potential of Rs 15 trillion in 4-5 years: Piyush Goyal

The Indian power sector has an investment potential of about Rs 15 trillion (US$ 250 billion) in the next 4-5 years, providing immense opportunities in power generation, distribution, transmission and equipment, said Mr Piyush Goyal, Union Minister of Coal, Power and Renewable Energy, Government of India.

Tech Mahindra to acquire Geneva-based SOFGEN Holdings

Tech Mahindra has signed a definitive agreement to acquire Geneva-based SOFGEN Holdings. The acquisition is expected to strengthen Tech Mahindra's presence in the banking segment.

Indian Immunologicals plans Rs 300 crore vaccine plant in Pondicherry

Indian Immunologicals Ltd (IIL) plans to set up a new vaccine manufacturing facility in Pondicherry with an investment of Rs 300 crore (US$ 48.27 million).

Zomato buys global food search app Urbanspoon

Online restaurant search service Zomato has acquired Urbanspoon, for an undisclosed amount, in an all-cash deal marking its entry into the US. This is Zomato's sixth acquisition in six months.

Accenture sees big scope for high-end analytics in India

Accenture Plc plans to tap India's high-end analytics market in anticipation of an increase in demand driven by the government's Digital India programme. "Big data analytics will play a major role in the whole digital disruption that is happening in India today," said Mr Arnab Chakraborty, MD for Advanced Analytics, Accenture Digital.

x IBEF : India Brand Equity Foundation