Prabhu said that he has asked civil aviation ministry officials to prepare a plan for providing air cargo support to agricultural hubs to promote farm exports.
Foreign direct investment (FDI) in the country grew by a meagre 0.27 pc to USD 35.94 billion during the first 9 months of the current fiscal, according to the DIPP data.
With the Budget session of the Goa, industry is expecting the state govt to make its stand clear on the crisis-hit mining sector and creation of employment for locals.
Commerce and Industry Minister Suresh Prabhu will hold consultations with industry representatives next month on the proposed industrial policy.
India assured Israeli companies of resolving their concerns on doing business in the country, saying it would further ease the process in this regard.
Allowing foreign airlines to own up to 49 pc stake in Air India is a "considered decision" and will send out a message to global investors, a senior govt official said.
The new industrial policy which seeks to promote emerging sectors will be released within a few months, Commerce and Industry Minister Suresh Prabhu said.
Abhishek underscored the need for a differential treatment of sectors such as startups, smart technology and disruptive businesses.
Commerce and Industry Minister Suresh Prabhu has said the new industrial policy that will seek to promote emerging sectors will be released early next year.
R.V. Deshpande said Karnataka emerged as the most attractive investment destination with investment commitments of Rs 1,47,625 crore from Jan to Sept.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months