In the September release of the Composite Leading Indicators (CLIs) that are designed to anticipate turning points in economic activity relative to trend, the Paris-based Organization for Economic Cooperation and Development (OECD) said India is expected to see “firming growth”. As reported on their Website, the CLIs signal stable growth...
Modi Government Signed 18 Contracts for $20.1 Billion in its First 9 Months
The Defense Ministry of India has signed 18 international contracts worth $20.1 billion between May 2014 and February 2015. The contracts were signed with armaments manufacturers from USA, Russia, the UK, Israel, Germany and France reports Defense World. “Defense Procurement Procedure details direct dealing with the original equipment manufacturers, authorized...
India’s Commerce Minister Reports 48% Increased FDI
Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India' initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the...
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...
Indian Space Research Organization readies its 100th launch
According to a report in Aviation Week, the Indian Space Research Organization (ISRO) will take up its 100th mission on September 9th with the launch of its Polar Satellite Launch Vehicle carrying two international satellites. The launch vehicle weighs 230 tons and stands 44 meters tall. The two satellites are...
L'Oreal of France sells $200 million in India, located R&D center in Mumbai
In 2008, 48-year old Jacques Challes, a graduate of ESCP–EAP Paris arrived as Managing Director of L'Oreal India. He had already been with the company for 26 years. During his tenure in India, the company tripled its revenue to around $200 million and has also increased market share, which in...