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    India Positive - 26 August, 2016

  • India Positive - 26 August, 2016

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August 26, 2016

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India is world’s third biggest tech start-up hub: Study


India is world’s third largest tech start-up hub in terms of number of technology-driven start-ups, after the US and the UK, according to a report by The Associated Chambers of Commerce of India (Assocham) in association with Thought Arbitrage Research Institute.

India and Germany join hands on skill agenda, Germany contributes Rs 22.6 crore for Skill Development in India


India and Germany have signed an agreement on vocational education and skill development with a budget of US$ 3.37 million, which will help create and improve cooperative workplace-based vocational training in India’s industrial clusters.

India can break into the top-25 rank in the next 10 years: WIPO Chief


Mr Francis Gurry, Director-General at the World Intellectual Property Organization (WIPO), has predicted that India will likely get into the list of the top 25 nations in the Global Innovation Index, in the next 10 years.

Goldman Sachs positive on Indian economy


India's gross domestic product (GDP) is expected to grow at 7.9 per cent in FY 2016-17, driven by better monsoon, government pay hikes, and policy reforms, according to global investment bank Goldman Sachs.

Govt plans 50 new airports in three years to boost connectivity


Mr Ashok Gajapathi Raju, Union Minister for Civil Aviation, has stated that the Government is looking to boost regional connectivity by setting up 50 new airports over the next three years, out of which at least 10 would be operational in the next one year.

Commerce and Industry Minister to form a dedicated group to identify & implement expeditiously steps government can take to accelerate further India's innovation.


Ms Nirmala Sitharaman, Minister of State with Independent Charge for the Ministry of Commerce & Industry, outlined plans of setting up a committee to examine and expeditiously implement measures to improve India’s innovation landscape.

Government to allow bundling of national highway projects


The Government of India is looking at bundling public-funded national highway projects that can be monetised by leasing out to private players for toll collection, which would enable the concessionaire to achieve economies of scale, synergy in operations and achieve an appropriate investment size.

NITI Aayog proposes easier arbitration norms for infra firms


The National Institution for Transforming India (NITI Aayog) has prepared a cabinet note for infrastructure related ministries to ease arbitration norms and release stalled payments of infrastructure companies, which is expected to speed up project development in the country.

India adds 3.6 GW to solar capacity


Solar capacity in India increased 3.6 gigawatts (GW) during January-June 2016, bringing the total to 8.1 GW of installed solar capacity in the last 12 months, according to data from Bridge to India.

Minister of Railways Shri Suresh Prabhakar Prabhu inaugurates Wi-Fi services at 8 Mumbai Suburban railway stations


Mr Suresh Prabhu, Minister of Railways, has launched free Wi-Fi facility at eight stations of Mumbai suburban railway network, which will provide high speed access network to all railway users.

Used car market to grow to 7 mn units by 2020


The used car market in India is growing at rate of 15 per cent to reach 3.3 million units in FY 2016-17 and continue to grow further to reach 7 million units by FY 2020, as per a report published by IndianBlueBook.com.

PE funds invest Rs 3,256 crore in office realty during Jan to June


Private equity (PE) investments in India's commercial real estate sector rose to Rs 3,256 crore (US$ 485 million) during January-June 2016, as against 3,229 crore (US$ 480 million) in FY 2015, according to a report from JLL India.