The Indian Commerce and Industry Minister on Friday said that his Ministry will go ahead with the Foreign Direct Investment recommendations for the retail and defence sector in the country. A draft discussion paper of the industry department proposed to allow 51% FDI in the currently out of bound multi-brand retail sector, but with attached

About US$40 billion will be invested by the Indian government to bridge road deficits. The government is depending on the private sector to fund the bulk of the $40 billion needed for the investment in its five year programme to clear the road deficit. The investment requires about $60 billion from which it expects the

The Pharmaceuticals Company, Surya Pharmaceuticals is planning major expansion with an investment of over Rs 500 crore to be used to build a Greenfield integrated project for the manufacture of Active Pharmaceutical Ingredients (API) and formulations. The company, based in Chandigarh city, additionally, will be venturing into third party marketing tie-ups with the aim of

A state of art manufacturing facility by the Gestamp Corporation was inaugurated in Chakan near Pune. Gestamp Corporation, a leading world player in automobile components, steel services and renewable energy; inaugurated the investment named, Gestamp Automotive India in the state. This plant becomes their first wholly owned facility in the country and is aimed

The Associated Chambers of Commerce and Industry of India in a last week’s report found that about 55% of the country’s middle class households have started saving for their children’s higher education. With education gradually being looked at as an investment as opposed to an inevitable expense, the higher education market size in India is

Cochin is a city in the Indian state of Kerala and one of the chief seaports of India with an estimated population of 600,000 and an extended metropolitan population of about 1.5 million; making it the biggest urban agglomeration and the second biggest city in Kerala after the state capital.
Unofficially, it has been called the

Reliance Infrastructure Ltd, an Anil Dhirubbai Ambani Group, has won a major road project, the Hosur-Krishnagiri in Tamil Nadu, worth Rs 925 crore, from the National Highways Authority of India. RInfra won the project from a list of other 15 companies that had bid for it based on the highest premium amount of Rs 66.90

Tamil Nadu is an Indian state that lies in the southern part of the Indian Peninsula and is bordered by Pondicherry, Kerala, Karnataka and Andhra Pradesh. It’s the fifth largest contributor to India’s GDP and the most urbanized state in the country with the highest number of Business enterprises, pegged at 10.56%, compared to

Haryana is located in the Kuru region of Northern India with New Delhi as its neighbor that gives it its suitability as an investment haven; its capital is Chandigarh. Haryana’s economy largely depends on agriculture with about 70% of its population practicing farming and wheat and rice are its major crops. It is ranked third

The Indian IT and Computing industry is a major economy player in India. Mainly based on IT software and facilities such as system integration, software experiments, custom application development and maintenance (CADM), Network and IT services and solutions; the country’s IT-BPO industry expanded by 12% during fiscal year 2009, and attained aggregate returns of US$71.6