Indian Economy-News & Updates

[Echo_419]

Intex to set up manufacturing unit in Rajasthan with Rs 1000 crore investment - The Economic Times

Make in India is moving forward

 

[IndoCarib]

European Union lifts ban on import of mangoes from India - Moneycontrol.com

 

[Echo_419]

Five 4,000 MW mega power projects in pipeline: Piyush Goyal - The Economic Times

Power Grid approves Rs 1,481 crore investment in 5 projects - The Economic Times

 

[sancho]

Pretty good outside look at the budget and the prospect to the economy from it:

 

[lightoftruth]

Govt raises Rs 12,591 crore from auction of three coal mines - The Times of India

 

[KIND]

Sorry seems like can not hyperlink. So posting this



NEW DELHI: Government has got commitments of Rs 86,000 crore from telecom players at the end of fourth day of spectrum auction -- crossing the targetted minimum amount of Rs 82,000 crore from the ongoing sale of 2G and 3G airwaves.

The auction will resume on Monday morning as there is still unsold spectrum left.

The government may rake in above Rs 1 lakh crore from spectrum sale if bidding continues at robust pace.

 

[KIND]

Proceeds of Coal auction to cross 2lac crore mark : Coal Secretary

 

[Echo_419]

Proceeds of Coal auction to cross 2lac crore mark : Coal Secretary

Looks like the Coal scam was way bigger than what CAG Calculated

 

[IndoCarib]

A Sign Of India's Growth; Car Sales Up, Bike Sales Down - Forbes

 

[IndoCarib]

Mars International to invest Rs 1,000 crore to set up first plant in India - The Economic Times

NEW DELHI: Mars International India, the wholly-owned arm of US-based chocolate maker Mars Inc, today said it will invest Rs 1,005 crore to set up its first manufacturing plant in Pune.

Read more at:
http://economictimes.indiatimes.com/articleshow/46530819.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[KIND]

Insurers eye billions of dollars as Parliament clears Insurance Amendment Bill



NEW DELHI: Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 per cent.

Welcoming the hike from 26 per cent to 49 per cent, the companies said their foreign partners were keen on a larger equity participation and the move would help attract $ 8-10 billion capital into the industry.

 

[luckych]

European Investment Bank to set up office in India - The Economic Times

Impressed by India's economic reforms and its growth potential, the EU-owned European Investment Bank is planning to open its first office in the country soon to significantly expand its operations.

Considered one of the world's largest multilateral borrower and lender, the European Union (EU) bank has already started negotiations with the Reserve Bank of India to facilitate low cost funding to various infrastructure projects as well as to small and medium enterprise in India.

Tamil Nadu eyes Rs 42,000 crore worth MoUs during Global Investors Meet - The Economic Times

Property consultant JLL India to hire 1,000 employees this year - The Economic Times

 

[Hindustani78]

European Investment Bank to set up office in India - The Economic Times

Impressed by India's economic reforms and its growth potential, the EU-owned European Investment Bank is planning to open its first office in the country soon to significantly expand its operations.

Considered one of the world's largest multilateral borrower and lender, the European Union (EU) bank has already started negotiations with the Reserve Bank of India to facilitate low cost funding to various infrastructure projects as well as to small and medium enterprise in India.

Tamil Nadu eyes Rs 42,000 crore worth MoUs during Global Investors Meet - The Economic Times

Property consultant JLL India to hire 1,000 employees this year - The Economic Times

European Investment Bank to set up office in India
European Investment Bank to set up office in India
Luxembourg, Mar 15, 2015, (PTI):

Impressed by India's economic reforms and its growth potential, the EU-owned European Investment Bank is planning to open its first office in the country soon to significantly expand its operations.
Considered one of the world's largest multilateral borrower and lender, the European Union (EU) bank has already started negotiations with the Reserve Bank of India to facilitate low cost funding to various infrastructure projects as well as to small and medium enterprise in India.

"We are very keen to open our first office in India soon and it should be in New Delhi. We want to expand our operations in India," Patrick Walsh, Director of Global Partners at the EIB, told PTI here.

Complimenting Prime Minister Narendra Modi's economic reforms to boost growth rate, Walsh said EIB was keen to work with the India government and the private sector in the country in a major way.

"India is a major market and I think the new government is initiating policies to help develop private sector.We are looking at big projects, particularly to finance infrastructure projects and also small to medium size enterprises," he said.

Regional Manager, South Asia, at the EIB Sunita Lukkhoo said the EIB was in talks with Indian authorities and private sector to finance a number of major infrastructure projects including the Lucknow Metro project. So far the EIB has granted Euro 1.07 billion to various projects in India in the last few years.

In January, the EIB had signed an agreement with the State Bank of India (SBI) to extend a loan of 100 million euro (about Rs 700 crore) for lending to private businesses in the country.

This is the third tranche of a total sanctioned loan of 200 million euro by EIB. Agreements related to the first tranche of 55 million euro and the second of 45 million euro were signed in June and November 2014.

Walsh said EIB was quite upbeat over growth projections of the Indian economy.
"We had some interesting meetings last week with Indian representatives on huge range of potential projects. We are going to explore with our colleagues in India in the government and in the private sector.

"We are looking at projects relating to climate change, infrastructure projects like metro network. It is a whole range of projects," Walsh said.

The European Investment Bank is owned by the 28 EU member countries. It borrows money on the capital markets and lends it at a low interest rate to projects that improve infrastructure, energy supply or environmental standards both inside the EU and in neighbouring or developing countries.

 

[lightoftruth]

IMF Managing Director.

https://twitter.com/x/status/577310930775715840

 

[KIND]

Hard data


FDI doubles to $4.48 billion in January, highest in 29 months - The Times of India