On May 23 during President Biden's first Asia tour, he revealed Washington’s long-awaited Asia-Pacific economic strategy: the Indo-Pacific Economic Framework for Prosperity (IPEF). "The future of the 21st century economy is going to be largely written in the Indo-Pacific — in our region," the President said. Along with a dozen...
India’s Foreign Investments Double Year-on-Year
Data from India's central bank, shows that outward foreign investment in the first month of this current fiscal year (April 2021) increased by more than two-times year-on-year to $2.51 billion. Of this amount, $1.75 billion was in the form of loans, $421 million was equity capital, and $333 million was...
Indian Scientists Develop New Tool to Detect Cancer
Indian scientists at the Singapore-based molecular diagnostic Tzar Labs and the Mumbai-based Epigeneres Biotechnology have developed a new method to detect cancer. The test, known as HrC, can categorize solid tumors, hematological malignancies, and sarcomas at the stage they're at. Both labs are led by nanotech scientist Vinay Kumar Tripathi...
Moody’s Boosts India Forecast to 12 percent
Following two separate rosy projections by the International Monetary Fund and the OECD, we have similar news about India's GDP growth from Moody's Analytics. India’s gross domestic product is projected to grow by 12% in 2021, Moody’s Analytics stated. “India’s near-term prospects have turned more favorable following a stronger than...
Cargill Builds Chocolate Factory in India
Cargill will produce 10,000 tons of chocolate products at a new factory e in western India that will open in 2021. The Minnesota based giant will partner with an unnamed Indian company to build and run the plant. “Asia is a key growth market for Cargill. Opening a chocolate manufacturing...
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...