Schindler to invest Rs 170 cr to expand manufacturing facilities in India

Source: Business Standard, Aug 08, 2017

New Delhi: Leading providers of escalators and elevators Schindler India is all set to invest Rs. 170 crores to expand its manufacturing facilities by setting up India’s first Escalator manufacturing line and towards improving its research and development facilities at its plant near Chakan in Pune.

These investments will give Schindler India a unique edge and propel them to further strengthen the market leadership position in the elevators and escalators industry in India.

IGST to be levied only when goods are brought for customs clearance

Source: LiveMint.com, Aug 04, 2017

New Delhi: India on Thursday sought Japan’s assistance in a slew of areas—tourism, skill development, food processing, infrastructure development as well as making buildings resistant to earthquake damage—in a bid to fast-track development in its north-east region.

Addressing the first Japan-India Coordination Forum for Development of the NorthEastern Region, Naveen Verma, secretary in the ministry for development of the north-eastern region, said India plans to spend Rs45,000 crore for the development in the region bordering China, Bhutan, Bangladesh and Myanmar.

Sikkim govt to enter organic food JV with IFFCO with Rs 200 cr investment

Source: Business Standard, July 25, 2017

New Delhi: Fertiliser major IFFCO today said it has signed an agreement with Sikkim government to explore business opportunities in organic food market with an initial investment of Rs 200 crore.

The foray into the organic food market and food processing is a part of the co-operative IFFCO’s strategy to diversify its business.Apart from fertiliser, IFFCO is into general insurance, agro-chemicals, rural telecom, rural retail and farm forestry.Indian Farmers Fertiliser Cooperative (IFFCO) announced signing of memorandum of understanding (MoU) with the Sikkim government.

Chinese smartphone brand Comio to invest Rs500 crore in India

Source: LiveMint.com, July 26, 2017

New Delhi: Chinese original device maker (ODM) Topwise Communication will bring its ‘Comio’ brand of smartphones to India and plans to invest Rs500 crore over the next two years to build its presence in the country.

The company, which will compete with the likes of Samsung, Xioami and Micromax in India, aims to capture 5% market share in three years of operations in India.

“We have been an ODM to many players, including those in India. There is a huge opportunity in India and we are keen on tapping that,” Comio CEO Sanjay Kumar Kalirona told reporters.

Walmart’s investment of Rs 900-cr in Maha set to generate 30,000 jobs

Source: Business Standard, July 12, 2017

Mumbai: American retail chain Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra, the state government said today.

“Walmart will open 15 additional modern wholesale cash and carry stores in the coming years by investing Rs 900 crore,” an official statement from the Chief Minister’s Office said here.

Columbia Asia to invest Rs 400 crore on 2 new hospitals in India

Source: Financial Express, June 28, 2017

New Delhi: International healthcare firm Columbia Asia will invest over Rs 400 crore to set up two new hospitals in India by the end of 2019 as it looks to expand presence in the country. The chain currently has 11 multi-speciality hospitals in India with over 1,000 beds in cities such as Bengaluru, Kolkata, Ahmedabad, Mysuru, Gurugram, Ghaziabad, Patiala, and Pune. “We are planning to open two hospitals in the country by the end of 2019. The investment on this will be over Rs 400 crore”, Columbia Asia India Chairman, CEO and GMD Nandakumar Jairam told PTI. The new hospitals will be located in Bengaluru and Pune, he added. “With the opening of

AIIB approves $150 million equity investment in India

Source: The Economic Times, June 15, 2017

BEIJING: The Asian Infrastructure Investment Bank (AIIB) on Thursday approved its first-ever equity investment, worth $150 million, to catalyze private capital for infrastructure projects in India.

The investment will go to the India Infrastructure Fund, which aims to invest in mid-cap infrastructure companies in India, Xinhua news agency quoted an AIIB press release as saying.