In their first bilateral meeting during the G-20 Summit in Antalya, Turkey in November, Prime Minister Malcolm Turnbull of Australia and Prime Minister Modi of India announced the completion of procedures, including administrative agreements, for the Australia India Civil Nuclear Agreement. The agreement has opened the door for Australian uranium...
U.K. and India Sign Civil Nuclear Agreement
On the first day of Indian Prime Minister Narendra Modi's official visit to Great Britain in November, Prime Minister David Cameron signed a civil nuclear agreement with its former colony, reaffirming the importance of addressing climate change and promoting “secure, affordable and sustainable supplies of energy”. The U.K. Department of...
GE Wins $2.6 Billion Contract to Modernize India’s Railway System
General Electric has won a contract worth $2.6 billion to supply 1,000 diesel locomotives to Indian Railways over the next 11 years. This is GE’s largest contract in its 100 year association with India. GE plans to build a $200 million manufacturing facility in the state of Bihar. France’s Alstom...
Vodafone CEO Sees a New India Emerging
Economic Times reports that the Vodafone Group CEO Vittorio Colao, who had in September last year stated that doing business in India was “complicated”, said he sees positive signs at high levels. Asked if it has become easier to do business in India since Prime Minister Narendra Modi-led government took...
Global India Business Meeting, No-Charge, Los Angeles November 14
On Saturday, November 14 2015, from noon to 5 PM at the storied Westin Bonaventure Hotel in downtown Los Angeles, the Indian government has organized a free Indian Diaspora Business Meet. Advance registration is required at http://www.oifc.in/registration-oifc-business-meet-november-14-2015 Arrive at 11 am to network, enjoy the provided lunch at noon and...
India Jumps 16 Places in Global Competitive Index
CNN Money reports that after five years of decline, India has jumped 16 places to 55th in the World Economic Forum's ranking of the most competitive economies. The World Economic Forum releases its Global Competitiveness Index each year, and ranks countries based on a range of factors including technological readiness,...