India Positive - March 29, 2019
- March 31, 2019
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India's total merchandise and services exports are expected to reach US$ 540 billion in 2018-19, according to Mr Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, Government of India.
India's expenditure in space research has nearly tripled to Rs 11,538 crore (US$ 1.67 billion) in 2018-19 from Rs 4,163 crore (US$ 0.60 billion) in 2009-10.
India's exports of basmati rice are expected to grow 4-5 per cent in 2019-20, on the back of higher average realisations, strong demand from Iran and steady rise in paddy prices, according to ratings agency Icra.
The Government of India has approved the extension of Biomedical Research Career Programme (BRCP), which aims to attract Indian scientists working abroad back to India, by five years to 2023-24.
India's share in consumer goods consumption is expected to double by 2030, according to a report by Credit Suisse.
Indian Railways has handled 1,175 million tonnes (MT) of freight traffic between April 2018-March 15, 2019 and is on track to surpass its revised target of 1,216 MT for 2018-19.
Synthetic textile manufacturers in India are planning to invest about Rs 70,000 crore (US$ 9.70 billion) to achieve a cumulative capacity addition of 500,000 tonnes in the next two to three years.
Implementation of telemedicine technology could help India conserve US$ 4-5 billion annually and substitute half of in-person outpatient consultations, according to a report by McKinsey Global Institute (MGI).
Cold storage infrastructure in India will see investments of up to Rs 210 billion (US$ 3.06 billion) between 2019-23, according to Crisil Research.
A joint venture of India's Accord Group and Oman's oil ministry started the construction of a US$ 3.85 billion oil refinery in Sri Lanka on March 24, 2019.
India's goods, services export to touch about USD 540 bn this fiscal: Prabhu
India's total merchandise and services exports are expected to reach US$ 540 billion in 2018-19, according to Mr Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, Government of India.
Mission Shakti: India's space research spending triples to Rs 11,538 crore
India's expenditure in space research has nearly tripled to Rs 11,538 crore (US$ 1.67 billion) in 2018-19 from Rs 4,163 crore (US$ 0.60 billion) in 2009-10.
Basmati rice exports likely to grow by 4-5% in FY20: Report
India's exports of basmati rice are expected to grow 4-5 per cent in 2019-20, on the back of higher average realisations, strong demand from Iran and steady rise in paddy prices, according to ratings agency Icra.
Cabinet approves five year’s extension of Biomedical Research Career Programme
The Government of India has approved the extension of Biomedical Research Career Programme (BRCP), which aims to attract Indian scientists working abroad back to India, by five years to 2023-24.
India's share in consumer goods consumption to double by 2030
India's share in consumer goods consumption is expected to double by 2030, according to a report by Credit Suisse.
Indian Railways likely to surpass revised freight target for FY19
Indian Railways has handled 1,175 million tonnes (MT) of freight traffic between April 2018-March 15, 2019 and is on track to surpass its revised target of 1,216 MT for 2018-19.
Synthetic textile manufacturers plan to expand capacity in 3 years
Synthetic textile manufacturers in India are planning to invest about Rs 70,000 crore (US$ 9.70 billion) to achieve a cumulative capacity addition of 500,000 tonnes in the next two to three years.
Telemedicine could save India $4-5 billion every year: McKinsey report
Implementation of telemedicine technology could help India conserve US$ 4-5 billion annually and substitute half of in-person outpatient consultations, according to a report by McKinsey Global Institute (MGI).
Cold storage capacity expands, Rs 21,000 crore investment lined up by 2023
Cold storage infrastructure in India will see investments of up to Rs 210 billion (US$ 3.06 billion) between 2019-23, according to Crisil Research.
Lanka breaks ground for oil refinery with investments from Indian firm & Oman
A joint venture of India's Accord Group and Oman's oil ministry started the construction of a US$ 3.85 billion oil refinery in Sri Lanka on March 24, 2019.
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