India attracted an estimated $49 billion FDI in 2019, a 16 per cent increase from the $42 billion recorded in 2018.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
In conversation with Shubhashish and Arijit Barman, Rakesh Arora, managing director and head of research, Macquarie Capital Securities (India) Pvt Ltd and among the most authoritative metal analysts in India, says companies should start taking environmental laws more seriously.
Two sites for the location of the airport had earlier been rejected, one of them being Imchi near Gumto, which was cancelled on account of being a riverbed and not having an even ground.
From environmental clearance to regulatory approval, from land acquisition for greenfield projects to displacement of tribals, it's been a season of scams, deep mistrust and hostility among companies, bureaucrats, regulators and politicians.
A senior delegation from PSA Peugeot Citroen, France's leading car producer, is expected to meet the Tamil Nadu government next week.
It took 13 years to get environmental clearance for the greenfield international airport at Navi Mumbai.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
The Renault Nissan Alliance has said that its Oragadam greenfield facility near Chennai - its first in the world - will be a template for its upcoming Morocco facility, with a few changes only in the back-end engineering. The company is training 30 senior employees drawn from various verticals at its Oragadam plant.
Jamshedpur plant is expanding its capacity at a cost of Rs. 20,000 crore.
The policy note of transport department, tabled in the assembly by minister K N Nehru, said the government acknowledged the fact that the southern metropolis was fast becoming an investment destination and, therefore, the present modernisation effort.
Three Indian companies are among the six shortlised to bid for the privatisation of the Male International Airport in Maldives.
Construction of 12 greenfield airports in different parts of the country is likely to start soon with the government granting them approval, Civil Aviation Minister Praful Patel said on Tuesday.
Adani, which already has mining and environmental licences from the state government, requires the state approvals on management plans on the endangered finch bird and groundwater in order to commence the mine construction.
Two of the world's leading steel-makers, ArcelorMittal and Posco, had proposed to invest Rs 91,000 crore (Rs 910 billion) for setting up mega steel units in Orissa, but their actual investment was negligible even about half a decade after signing MoUs with the state government.
Civil Aviation Minister Suresh Prabhu and Chief Minister Pinarayi Vijayan jointly flagged off the inaugural Air India Express flight, carrying 186 passengers to Abu Dhabi.
It will allow states to detain students in class 5 and class 8 if they fail in the year-end exam.
The report 'How America Benefits from Economic Engagement with India,' was released by influential Congressman Jim McDermott. India's deputy ambassador to the US Arun Singh was also present on the occasion.
The two partners have said they will produce 150,000 vehicles as part of their phase I plans from their existing facilities and they said, the greenfield facility is "very much" on the cards.
The greenfield airport project at Navi Mumbai is likely to get the final environmental nod by October and the bidding process expected to begin by the year-end, Civil Aviation Minister Praful Patel said on Monday.
Yoga guru Ramdev's company to invest Rs 5,000 crore in four units in the next 500 days to boost production.
Dow Chemical Company is once bitten, twice shy. Close on the heels of its US parent's move to deny liability for damages resulting from the Bhopal gas tragedy at a plant run by Union Carbide (a company it had bought), Dow India has called off a greenfield project to establish a research & development facility in Maharashtra.
Industry experts say that even though international companies face problems in setting up new projects on their own, given the problems associated with acquiring land and rehabilitating the displaced people, their keenness to become a part of the growing Indian market remains intact.
American companies have so far not evinced any interest in investing in the huge Indian infrastructure market, which is estimated to be worth over $200 billion, Civil Aviation Minister Praful Patel said on Tuesday.
The airport would comprise two runways and handle 70 million passengers and 3 million tonnes cargo annually when fully developed.
The Indian government's identification of two 'greenfield' sites for commercial nuclear development, that will utilise US technology has been welcomed by the US-India Business Council (USIBC).
The plan is to have five brand new cities, which are bigger than Navi Mumbai, in the next five years.
GVK Group that runs the swanky MIAL (Mumbai international airport) pipped rival GMR Group to bag the contract for the proposed facility in Navi Mumbai which will ease the severe congestion at the Chhatrapati Shivaji International Airport.
Captain Shubman Gill missed out on a century by 10 runs while Jalaj Saxena struck 61 not out as India 'A' dominated the proceedings on the second day of the first unofficial Test against South Africa 'A', in Thiruvananthapuram.
Rough estimates show that at a rate of Rs 1 crore per hospital bed, the investment in India alone would be around Rs 2,000 crore
The company which is facing a capacity saturation for its tractors -- a segment where its the market leader with 41 per cent share -- is looking to have an additional capacity in place for future demand.
The two-and-a-half-year-old Hotel Sahara Star, the only luxury establishment owned by Sahara Hospitality, currently has an inventory of 223 rooms.
Oxford University neuroscientist Baroness Susan Greenfield has claimed that too many online acitivities can re-programme the brain, thereby causing abnormal behaviour.
Ceat, the tyre manufacturing company of the Rs 16,000-crore RPG Group, will double the capacity of the radial unit it has set up in Halol, Gujarat, with an additional investment of Rs 630 crore.
The Orissa government on Thursday pulled up ArcelorMittal, for "not making any investment" so far in its proposed 12mtpa greenfield steel plant at Keonjhar, questioned its "actual intentions".
Transport Minister Kamal Nath on Thursday said the government may look at using cement for constructing over 18,000 km of expressways in the country.
India pays a higher cost of poor customer service compared to New Zealand and Australia that were also part of the survey. The three countries put together lose Rs 28,000 crore ($5.6 billion) in revenue, the survey sponsored by GenesysTelecom Labs, part of Alcatel-Lucent company, said.
Speaking on the sidelines of an event organised by the Confederation of Indian Industry, ArcelorMittal Design & Engineering Centre CEO Pierre Jonette said: "Our main objective is to bring down the total project cost by 20-22 per cent across all the green projects. We have internally decided to increase sourcing from local low cost destinations for most of our greenfield projects."
Indian cricket's Test captain Virat Kohli has congratulated the national football team and lavished praise on skipper Sunil Chhetri for leading the side to a record seventh SAFF Cup triumph. India exacted sweet revenge of their last edition defeat as they beat defending champions Afghanistan 2-1 in the summit clash in a dominating display to lift the South Asian Football Federation Cup in Thiruvananthapuram last night.
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