"The Government of India's budget announcement of setting up a separate Department of Fisheries is positive for the Indian aquaculture industry as it will lead to prioritization and more focused follow up on the development of farmers," said Pavethra Ponniah, vice president and sector head (corporate sector ratings) at rating...
Hotel Industry to Grow at Least 9 Percent This Year
Live Mint quotes an ICRA report which ways that due to a modest increase in occupancy and a small increase in rates, the Indian hotel industry revenue growth is expected to strengthen to 9-11% in 2015-16. Research firm ICRA further added that over the next 12 months it expects RevPAR...
India to Add 2300 MW Wind Power Capacity in 2015
India’s wind energy potential is about 80,000 MW, and by the end of this fiscal year it will achieve a capacity addition of 2,300 MW. The reintroduction of accelerated depreciation (a form of tax incentive to promote renewable energy) and investments by large independent power producers (IPPs) are bolstering the...