ADB proposes $10-bn loan for India over next 5 years

download.pngSource: Business Standard, June 30, 2017

The Asian Development Bank (ADB) has proposed additional loan support to India of $10 billion, over the next five years.

In the country on a three-day trip, ADB President Takehiko Nakao on Thursday told the media that the ADB was looking to increase its footprint in India. Half the loan amount would be for the development of the East Coast Economic Corridor.

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RCEP pact: 700 officials from 16 nations to meet in Hyderabad

Source: The Economic Times, June 28, 2017

NEW DELHI: About 700 officials from 16 countries including India, China and Australia would gather in Hyderabad next month to negotiate the proposed mega trade deal – RCEP.

This would be the 19th round of negotiations for Regional Comprehensive Economic Partnership (RCEP) agreement. The last meeting was held in the Philippines in May.

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New car brands gear up for 2018 Auto Expo

index.jpgSource: Business Standard, June 06, 2017

New Delhi: The 2018 Auto Expo, the country’s largest and biennial automobile show, will be different in more than one way from the earlier one, held in 2016.

There will be new names and brands, such as Kia, Peugeot and MG (from Chinese company SAIC), all planning to enter the growing Indian car market. Lexus, luxury car brand of Japan’s Toyota, is also likely.Volkswagen and General Motors (GM), earlier regulars, will not be seen this year. Some are seeking larger space.

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FY16 was record year for wind power installations

index.jpgSource: The Hindu Business Line, Apr 13, 2016

Chennai: The domestic wind power sector has recorded its best-ever performance in 2015-16, reaching 3,472.15 MW in country-wide installations — compared with 2,312 MW in the previous year.

The previous highest was 3,164 MW in 2011-12, the only other year in history when the domestic wind sector posted fresh capacity additions exceeding the 3K-mark. The sector was buoyed by Madhya Pradesh, which saw fresh capacity addition of 1,292 MW, the highest for any State in any year.

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India to host World Employment Conference to market skilled workforce

Source: The Economic Times, Apr 13, 2016

NEW DELHI: The labour ministry wants to woo employers the world over to get them to hire India’s growing workforce, which the government estimates swells by 10 million every year.

The ministry and the Indian Staffing Federation, a body of the flexi staffing industry, are partnering to host the World Employment Conference for the first time in India. They seek to showcase the country’s talent beyond medical and engineering, the streams from where Indians traditionally migrate to developed nations and often don’t return. “The idea is to market our skilled workforce to the countries that have certain kind of skill deficit which Indian workers can fulfill,” a person associated with the event said. Read the rest of this entry »

Mumbai to host BRICS Cities Conclave on April 14

 

Source: Business Standard, Apr 08, 2016

Mumbai will host the BRICS Friendship Cities Conclave from April 14-16. The event is being organized by Mumbai First, a think tank, along with the active support of the Government of India and Government of Maharashtra.The forum has received support from all the partner countries Brazil, Russia (India) China and South Africa.

The Conclave is designed to facilitate meaningful dialogue between various stake holders who partake in shaping the renewal and development of urban areas – the public and private sectors, civil society, and academia.

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India to host eighth BRICS summit in Goa

index.jpgSource: LiveMint.com, Mar 23, 2016

New Delhi: India will host the eighth summit of BRICS countries—Brazil, Russia, India, China and South Africa, which together represent 42% of the world’s population and more than $16 trillion in GDP—in Goa in October.

This was announced by Indian external affairs minister Sushma Swaraj on Tuesday. She also unveiled the official logo of the summit—a lotus in the national colours of the five member countries.The logo also incorporates the traditional Indian welcome gesture of namaste in the innermost whorls of the flower. India assumed chairmanship of BRICS from Russia on 15 February and will hold the position till 31 December.

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