Empowered women entrepreneurs in rural India are contributing capital gain of $200 million in the form of livelihood worth. A clear focus on their development will help determine the development of rural India and the overall country.
The Chinese auto major has committed $1 billion to set up a production facility in the state.
India’s most industrialised state is now offering 40,000 acres of land, special labour laws and guaranteed 48-hour clearances to secure its position as India’s most attractive investment destination.
An Indian politician lists down the advantages nascent firms can gain by choosing Maharashtra as the ideal market for their ventures. “Come, Make in India, we will say to the world, from electrical to electronics,” Hon Prime Minister Modi said in his maiden Independence Day speech as prime minister, pledging to set up what is unarguably the most ambitious efforts towards achieving a manufacturing powerhouse status for India. However, what began with that ambitious declaration by the Prime Minister is [...]
The Mayor of West Midlands celebrates new direct air connectivity between the Birmingham and Amritsar and various tie-ups struck during a recent visit to the country. I have been to India many times, as a traveller and as a buyer when I was CEO of John Lewis. India has always fascinated me: the hustle and bustle, the hidden gems and the never-ending traffic! I have just returned from India but this time I went for the first time as Mayor [...]
Vedanta to invest $9bn in India London-based Vedanta Resources Plc will invest roughly $9 billion in India over the next few years to expand its hydrocarbons, metals and mining businesses and meet more of India’s requirements of these commodities locally. Anil Agarwal, founder and chairman, Vedanta Resources Plc, said: “We are planning to invest $2.5 billion in oil and gas to step up our production to half of India’s crude oil output (from 26 per cent in 2016-17). "The other [...]
Steadfast support from the public at large is likely to see Adani's $16.1-billion mining project, India’s largest outbound FDI, through the hurdles. There appears to be some sort of jinx revolving around projects carrying the twin labels of “largest FDI” and “India." Remember Dabhol? The power project by the now bankrupt US company Enron in Maharashtra was the largest inward foreign direct investment (FDI) project at the time. After several false starts, it is finally limping along as the Ratnagiri [...]
Once the darling of investors, Maharashtra seemed to have lost its way in the middle but is now charging forward again. In mid 2015 when a delegation from Taiwanese contract manufacturer Foxconn was scouting for a suitable destination for investments in India and South East Asia, the western state of Maharashtra was not even in their initial list of considerations. States such as Gujarat that has a reputation as being most friendly for business, Karnataka that has an established Information [...]
Nagpur is often referred to as the 'Orange city' of India because of the juiciest varieties of the fruit found in its orchards. It is the winter capital and the third largest city of Maharashtra, after Mumbai and Pune. Nagpur is also referred to as the second capital of the state, as many of the government offices are based in the city. Among the greenest cities of India, Nagpur’s parks and wildlife sanctuaries help create its scenic landscape. The easy [...]
Senior Columnist Ashok Malik explains how Assembly elections in five states of India will impact growth and investments in the country. How will this round of elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur affect economic reforms? This is the last round of elections before the rollout of the Goods and Servce Tax (GST). A good performance by the BJP is sine qua non for the smooth rollout of this reform, which, arguably is the most import tax reform [...]