International Finance Corporation plans to increase its investment to $1.0 billion this year in Indian companies, mostly engaged in manufacturing, infrastructure and financial sectors.
The Union tourism ministry has approved 51 hotel projects in South India, according to a Confederation of Indian Industry report.
Poor infrastructure could result in a loss of $21 billion of investment to other competing countries in Asia and this was a major threat to the realisation of India's projected IT vision for 2008, a Confederation of Indian Industry paper has said.
The defence minister asked the Pakistani leadership not to talk about using nuclear weapons and get into the idea of committing suicide.
The Confederation of Indian Industry has said a minimum of 7 per cent of GDP, which translates to about Rs 200,000 crore (Rs 2000 billion) a year of investment, has to go into gross capital formation in infrastructure for sustainable growth.
The ninth Confederation of Indian Industry partnership summit, to be held in Hyderabad from January 5-8, would showcase Andhra Pradesh's efforts in providing infrastructure to industrialists in India and abroad.\n\n\n\n
Indian software giant, Wipro said on Thursday that it was developing a low-cost computer that would run on low power and would have inbuilt source of two hours of standby power supply.
India's power sector is looking up with as many as 11 state electricity boards having reported reduction in losses during the last two years and the public-sector companies increasing their recoveries
The Confederation of Indian Industry and ASEAN on Monday set up two task forces in pharmaceuticals and agriculture and food processing to prepare a strategy document to outline a roadmap for cooperation in these sectors.
India's services sector continued its high growth track during the first half of the current fiscal, according to the Confederation of Indian Industry-ASCON report. The cellular services recorded a growth of 180 per cent, a CII release said.
Communications Minister Arun Shourie on Thursday asked state-owned Mahanagar Telephone Nigam Ltd to make the optimum use of its huge cash reserves and aggressively explore foreign markets.
Indian economy is well tuned to clock at least over six per cent annual growth for the next five years, Planning Commission member N K Singh said.
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