In a $280 million deal, Cameco Inc., the world's third-largest uranium producer, has signed a supply agreement with the Department of Atomic Energy of India to provide 7.1 million pounds of uranium concentrate to be supplied over the next five years, reports CNN Money. The uranium is to be sourced...
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...
KPMG Bullish on Investing in India
Moneycontrol.com reports that the global board of KPMG and its global council were in India last week not only to hold their meetings in the country, but also to get a first-hand experience of India as an investment destination. On this occasion, John Veihmeyer, global chairman, KPMG was interviewed on...
Engineering Firm AECOM Plans to Expand in India
AECOM, a Fortune 500, U.S.-based engineering consulting firm that provides end-to-end solutions for all kinds of infrastructure development projects, plans to hire 1,500 more employees for its India operations, its global chairman & CEO Michael S. Burke said. Currently the company has 2,500 employees located across eight regional offices and...
GE Opens Manufacturing Plant in Pune
Inaugurating US-based General Electric’s first multi-modal manufacturing plant in India, Prime Minister Narendra Modi pitched his Make in India campaign and invited GE to manufacture ships in India. Modi said, "The opportunities for manufacturing in India are immense. We are blessed with demographic dividend.” The $200 million new plant is...
Favorable Economic Winds Help India’s Economy Surge
Of the BRIC economies, Brazil is struggling as commodity prices fall, Russia is headed toward recession due to weak oil revenues and sanctions from Western nations, while China is slowing down. However, in India the stock market and rupee are surging; multinational companies are looking to start new operations or...