India Positive - February 02, 2015

  • India Positive - February 02, 2015

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February 02, 2015

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US agencies commit US$ 4 billion for Indian renewable energy sector


US federal agencies have committed a total of US$ 4 billion for projects and equipment sourcing, one of the biggest deals for the growing renewable energy sector in India.

India has the fifth highest number of think tanks


With 192 think tanks, India has been ranked fifth on a list of countries with the highest number of such entities, according to a report by the University of Pennsylvania.

India ahead of China in readymade garments exports


India's garment exports grew by 14.6 per cent to reach US$ 14 billion during January-October 2014, according to data released by UN Comtrade. The growth is 10 times higher from China in terms of value.

Govt estimates Rs 1000 crore funding for each smart city


The Government of India has estimated that each city selected under the smart city project could require Rs 1,000 crore (US$ 161.94 million) funding over the next 10 years.

Signing of MoU between India and Oman in the field of tourism


The Union Cabinet, chaired by Mr Narendra Modi, Prime Minister of India, has given its approval to enter into a memorandum of understanding (MoU) for strengthening cooperation in the field of tourism, between the Ministry of Tourism, Government of India and the Ministry of Tourism, Government of the Sultanate of Oman.

Indian subsidiaries of foreign firms eligible for SFIS benefits


Indian subsidiaries of foreign companies are also eligible for the benefits of the Served from India Scheme (SFIS) framed under the Foreign Trade Policy (2009-14).

UP Government ropes in Rs 5,000 crore investment for mobile manufacturing units


The Government of Uttar Pradesh (UP) has secured investment deals valued at Rs 5,000 crore (US$ 812.74 million) for setting up mobile manufacturing units in the state.

US and India to formulate smart city action plans in three months


India and the US have agreed on taking quick measures for development of Visakhapatnam, Allahabad and Ajmer as smart cities. Both the countries have agreed to set up task force for each of the three cities for formulating concrete action plans in the next three months.

Engineering exports to US can double in 2-3 years


Engineering exports from India to the US are expected to double to reach US$ 15 billion over the next two-three years, said Mr Anupam Shah, Chairman, EEPC India.

Samsung invests Rs 517 crore in Noida plant


Samsung Electronics Co Ltd has invested Rs 517 crore (US$ 84.13 million) towards the expansion of its manufacturing plant in Noida, Uttar Pradesh (UP) under the UP Mega Policy.

Yes Bank signs MoU with Overseas Private Investment to support MSMEs


Yes Bank Ltd has signed a memorandum of understanding (MoU) with Overseas Pvt Investment Corp (OPIC) to explore US$ 220 million of financing to lend to micro, small and medium enterprises (MSMEs) in India.

Amul to invest Rs 5,000 crore to set up 10 plants


Gujarat Cooperative Milk Marketing Federation (GCMMF), popularly known as 'Amul', plans to invest Rs 5,000 crore (US$ 809.74 million) to set up ten new processing plants as well as expand the current capacity to touch 32 million litres per day (MLPD) capacity by 2020.

Zomato strikes 7th deal, buys Turkish firm


Zomato has acquired Turkey-based Mekanist. With this acquisition, the seventh by Zomato in the past six months, the restaurant search company will expand into several cities in Turkey.

x IBEF : India Brand Equity Foundation