At an event hosted by the Federation of Indian Chambers of Commerce and Industry, an association of business organizations in New Delhi, India Adewale "Wally" Adeyemo, Deputy National Security Advisor for International Economic Affairs and Deputy Assistant to President Obama, said, "One of the things that would help attract Smart Capital is a bilateral investment treaty." He...
India’s Direct Selling Industry to Exceed $10 Billion by 2025
According to a report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the audit, tax and advisory firm, KPMG, direct selling in India will go beyond the $10 billion mark by the year 2025. According to the report, the industry has recorded 16 percent growth over...
India Trade Group Identifies High Technology Areas for Indo-German Collaboration
The Indian industry association, FICCI in association with the Embassy of India in Berlin and the support of German Embassy in New Delhi organized a panel discussion on “Unleashing opportunities: Indo-German High-Technology Manufacturing” in New Delhi, reports Merinews. The discussions identified the following sectors to be the most appropriate in...
French Companies to Invest $5 Billion in the Indian Insurance Industry
At an event organized by the French embassy and the Federation of Indian Chambers of Commerce and Industry, France’s ambassador to India Francois Richier said that France would invest $5 billion in India’s insurance business. “When you compare the share of French FDI (foreign direct investment), India receives 6% whereas...
India’s Defense Spending Expected to $620 Billion until 2022
According to a report by Federation of Indian Chambers of Commerce and Industry and financial services firm Centrum Capital Ltd., India’s defense spending is expected to hit $620 billion between fiscal years 2014 and 2022. Driven by both domestic and external demand, the annual opportunity for Indian companies, both public...
Lockheed Makes Tail for Transport Aircraft in India
Phil Shaw, chief executive of Lockheed Martin India told Defenseworld.net that tail sections of C-130 aircraft for Lockheed Martin’s global customers are being made in India at the joint venture facility they have with Tata Advanced Systems in Hyderabad. He further commented that if international companies treated their 100% owned...