Foreign direct investment (FDI) during the previous fiscal grew 18 percent to over $540 billion, data from India's central bank, the Reserve Bank of India , evidenced. FDI increased by over $60 billion including revaluation of past investments, during 2017-18 to reach $540 billion in March 2018 at market value, according...
UNCTAD: India Is a Leading Exporter of Creative Products
According to the second edition of the periodic Creative Economy Outlook: Trends in International Trade in Creative Industries report released by the United Nations Conference on Trade and Development (UNCTAD), India’s creative goods exports increased nearly threefold from $7.4 billion in 2005 to $20.2 billion in 2014, making it one...
Investors Bullish on India's Logistics Sector
Promoted by Singapore headquartered private equity investor Everstone Capital and Annapolis, MD-based Realterm Global, IndoSpace Logistics Parks , closed its third logistics real estate fund at $1.2 billion. With this fund raise, the Mumbai-based developer of industrial and warehousing facilities has over $3.2 billion worth of assets under management. IndosSpace has formed a strategic...
Funding for Healthcare Startups Surges in India
Data from Bangalore, India-based Tracxn Technologies shows venture capital investment in home-grown health-tech startups in 2018 is at an all-time high. With continuing investor interest, so far $510 million has been invested across eighty health-tech startups. These investments were led by medicine ordering website PharmEasy, which raised $115 million across...
Netflix Premieres "Mowgli: Legend of the Jungle" in India
The first-ever world premiere for a Hollywood film in India will take place on November 25, in Mumbai, when Andy Serkis, Christian Bale, Freida Pinto, Louis Ashbourne Serkis and newcomer Rohan Chand, who plays Mowgli in the film, "Mowgli: Legend of the Jungle" walk down the red carpet at the...
India's Reliance Defense Will Repair U.S. Navy Warships
Navi Mumbai based Reliance Infrastructure-controlled Reliance Naval and Engineering signed a master ship repair agreement with the U.S. Navy. In January this year, the Reliance Shipyard at Pipavav in the western state of Gujarat was qualified by the U.S. Navy to perform complex repair and alternation services for its Seventh...