Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
India Nutraceuticals Grow at Double Digit Rates
The nutraceuticals market in India is expected to grow to $18 billion by the end of 2025, according to a report in the Times of India, the largest circulating English language newspaper in the country. Currently, the Indian market imports $ 2.7 billion worth of nutraceuticals. The dietary supplements segment...
Tech from India To Power American Bio-Refinery
Pune, Maharashtra-based Praj Industries' award winning biotechnology, enfinity, will be deployed to produce ethanol and other co-products using sugarcane bagasse, or plant residue, in what will be America's first bagasse-based bio-refinery. The bio-refinery is jointly promoted by Miami, FL- based Omega Energy USA LLC, a developer of renewable energy projects,...
Singapore Fund Invests in India's Infrastructure Sector
Singapore’s sovereign wealth fund GIC will invest over $600 million for a 49 percent stake in a private Infrastructure Investment Trust controlled by IRB Infrastructure Developers headquartered in Mumbai. As part of the transaction, IRB will transfer nine of its Build-Operate-Transfer assets into the Investment Trust in which IRB will...
Good Food Institute to Establish Center in India
Washington D.C.-based non-profit Good Food Institute, the government of India's state of Maharashtra, and the Institute of Chemical Technology located in Mumbai will set up a Center for Excellence in Cellular Agriculture. Good Food Institute India is looking for funding of $8 million to set up a lab at the...
India to Set Up 21 New Nuclear Reactors by 2031
Currently, India has 22 power reactors in operation at seven plant sites with a combined capacity of 6,780 MWe. It now expects to bring 21 new nuclear power reactors with a combined generating capacity of 15,700 MWe into operation by 2031, Jitendra Singh, the country's minister of state for the...