Invest in India News

  • AI-powered agriculture: Govt uses Artificial Intelligence to boost farming

    Prime Minister Narendra Modi’s government has begun the use of Artificial Intelligence on pilot basis for crop cutting and yield estimation under its flagship scheme Pradhan Mantri Fasal Bima Yoajana. The move is aimed at cutting down the cost of farming while increasing productivity. It is also aimed at ensuring better prices for farmers. The government said this cutting edge technology can be leveraged in providing information and advisory services to farmers which will help in increasing productivity.

  • ASEAN-India Business Council welcomes Assam govt’s policy on agar trade

    The ASEAN-INDIA business council LAO-PDR Chapter has thanked the Assam government for the decision to approve the new ‘Industrial and Investment Policy of Assam, 2019’ which will be a major boost for the Agarwood planters in the state – a demand which was pending for more many years.

     

  • Dairy industry opposes RCEP

    The domestic dairy industry is up in arms against the Regional Comprehensive Economic Partnership (RCEP) — a proposed free trade agreement or FTA involving the 10 ASEAN countries (Philippines Brunei, Indonesia, Malaysia, Singapore, Vietnam, Cambodia, Laos, Thailand and Myanmar) and six Indo-Pacific states (India, China, South Korea, Japan, Australia and New Zealand).

     

  • Kenya woos Indian investors to help boost exports

    Kenya on Wednesday encouraged Indian investors to set up manufacturing plants locally that will help to boost the country's exports in order to reduce the bilateral trade deficit.

     

    Betty Maina, Principal Secretary in the Ministry of Industry, Trade and Cooperatives told journalists in Nairobi that India is one of Kenya's biggest sources of imports.

  • ASEAN-India Business Council welcomes Assam govt’s policy on agar trade

    The ASEAN-INDIA business council LAO-PDR Chapter has thanked the Assam government for the decision to approve the new ‘Industrial and Investment Policy of Assam, 2019’ which will be a major boost for the Agarwood planters in the state – a demand which was pending for more many years.

     

  • Global innovation index 2019: India jumps 5 ranks to 52nd position

    India climbed five notches on the Global Innovation Index (GII) this year to the 52nd position, from 57th last year, amongst 129 countries ranked on the basis of more than 80 indicators measuring various aspects of innovation.

     

  • Kenya woos Indian investors to help boost exports

    Kenya on Wednesday encouraged Indian investors to set up manufacturing plants locally that will help to boost the country's exports in order to reduce the bilateral trade deficit.

     

    Betty Maina, Principal Secretary in the Ministry of Industry, Trade and Cooperatives told journalists in Nairobi that India is one of Kenya's biggest sources of imports.

  • Progress of setting up of Barmer Refinery

    Hindustan Petroleum Corporation Limited (HPCL) hasinformed that there are no roadblocks in setting up the 9 MMTPA Refinery-cum-petrochemical complex at an approved cost of Rs. 43,129 crore at Pachpadra in Barmer district of Rajasthan.

     

  • Govt asks States to work towards achieving the US$ 5 trillion economy of India by 2024-25.

    The Economic Survey 2018-19 and the Union Budget 2019-20 have indicated the government's goal of making India a US$ 5 trillion economy by 2024-25. To achieve this goal, the economy needs to grow at high and robust rate. To boost the economic growth of the economy, Government has announced various measures in the Budget 2019-20; which, inter alia, include, further liberalisation of Foreign Direct Investment policy, increasing the annual turnover limit from Rs. 250 crore to Rs.

  • Nearly half of India’s exports came from MSMEs in FY19, up from 7.5% in FY18.

    Share of exports of products related to India’s micro, small and medium enterprises (MSME) during the year 2018-19 stood at 48.10 per cent as per the information from Directorate General of Commercial Intelligence and Statistics, MSME Minister Nitin Gadkari said in a written reply in Rajya Sabha on Monday. The jump in the share has been impressive from the preceding year (FY18) when MSME exports contributed only 7.5 per cent to total exports.

  • U.S.-India Bilateral Trade Projected to Grow to $238 billion by 2025, says Trade Report

    The US-India Strategic Partnership Forum (USISPF) estimates that U.S.-India bilateral trade is likely to grow from $143 billion to $238 billion by 2025. This growth will occur if trade grows by 7.5% each year, as has been the trend for the last 7 years.

     

  • New waterways on India-Bangladesh foreign secretaries agenda

    Proposed waterways between India and Bangladesh would be discussed at the foreign secretary-level meeting in Dhaka in October, a top official has said.

     

  • India-China border trade through Lipulekh Pass gathers pace

     India-China border trade through Lipulekh Pass is gearing up gradually. Almost one and a half months into the trade, export of goods worth Rs 96,000 from India and import of goods worth Rs 1.45 lakh to India were recorded by mid-July. Traders told TOI that the pace of trade is expected to see an upswing in August. At present, 34 Indian traders (and helpers) are at Taklakot, the Chinese mandi (market), to conduct business. 

     

  • Tomar lists schemes to encourage formation of FPOs

    Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar said in Lok Sabha said that the govt is geared to help set up as many FPOs as possible by the farmers. To encourage farmers to set up FPOs, Government is providing various assistance to them, claimed the Minister.

     

  • Modi govt 2.0 sets sights on making India USD 5 trillion economy

    The Modi government has underlined its priorities in the first 50 days of its second term, setting sights on making India a USD 5 trillion economy and hitting the ground running on spurring growth.