According to India's Department of Industrial Policy and Promotion, cumulative foreign direct investment (FDI) into India reached $498.9 billion in the 17 years from April 2000 to June 2017. During the last two financial years, FDI flows into India totaled $114.4 billion says a new KPMG report; this is an incredible forty...
India, Japan Strengthen Defense Cooperation
In a visit to Tokyo, to attend an annual meeting of the Asian Development Bank, India's Arun Jaitley, who is both the Minister for Finance and Minister for Defense, told his Japanese counterpart, Tomomi Inada that India will pursue a strategic partnership with Japan for regional peace and stability. The...
India's Growth Rate Will Improve to 7.4 percent in Fiscal 2018
The Asian Development Bank said that India's growth rate will improve to 7.4 percent during 2017-18 and go up further to 7.6 per cent in the next fiscal year In the Asian Development Outlook, the bank's flagship economic publication, reasons given for this forecast are: "The impact of the demonetization...
Wartsila to Supply Smart Power Generation Plant in India
Finland's Wartsila will supply a 70 MW Smart Power Generation plant to Assam Power Generation Corporation Ltd., (APGCL) a state-owned utility in north-eastern India. The order includes seven Wartsila 34SG engines running on natural gas. The power plant, delivered on a turn-key basis, is expected to be operational by March...