The Gautam Budh Nagar Industrial Department said on Friday that it has signed investment proposals worth ₹5,87,000 crore in the past two months with businesses interested in setting up units in Noida, Greater Noida and under the jurisdiction of the Yamuna Expressway Industrial Development Authority (Yeida). The department now hopes that at least 33% of these investment proposals materialise within the next one or two years so that new opportunities can be created and employment generated. “We are making efforts so that all of the proposals are realised and the district performs better,
Maharashtra government signed memorandum of understanding (MoUs) with six companies at the World Economic Forum (WEF), Davos, Switzerland, for a total investment of ₹25,000 crore in the Pune region. The proposed investment is in various sectors, including pharmaceuticals, automobiles, data, electric vehicles and food processing. A delegation led by Chief Minister Eknath Shinde represented Maharashtra at the WEF this year. The six MoUs signed in Davos carry the potential of generating more than 8,500 jobs, said Maharashtra Industries Minister Uday Samanth. The six MoUs signed include a
External Affairs Minister S. Jaishankar on Thursday said India has extended a concessional $40 million Line of Credit for developing sporting infrastructure in the Maldives. The line of credit is part of India’s efforts to bring Prime Minister Narendra Modi’s flagship projects such as “Fit India” and “Khelo India” into the ambit of the Neighbourhood First Policy. The projects of Fit India and Khelo India were introduced by the Indian government to revive sporting and fitness culture at the grassroot level in the country. S. Jaishankar was on a three-day visit to the Maldives
The Centre’s public procurement initiative, Government eMarketplace (GeM) has registered over 1.44 lakh Udyam-verified women-led micro and small enterprises (MSEs) under the Womaniya programme launched in 2019. Women MSE sellers have fulfilled over 14.76 lakh orders worth ₹21,265 crore in gross merchandise value since the beginning of the programme. They now have a share of 74% in the order value of products sold on GeM and 26% in the order value of service categories, informed the Union Commerce Ministry in a recent data shared. The Womaniya programme encourages women entrepreneurs
The World Economic Forum (WEF) is set to launch its first thematic centre on healthcare and life sciences in Hyderabad, in collaboration with the Telangana government. The collaboration agreement was signed by Jeremy Jurgens, Managing Director, World Economic Forum, and Shakthi Nagappan, CEO, Telangana Life Sciences Foundation – Government of Telangana, at the World Economic Forum’s 53rd annual meeting on Monday. C4IR Telangana is the 18th centre to join the World Economic Forum’s Fourth Industrial Revolution (C4IR) Network, which is spread in four continents. C4IR Telangana is the s
The international community counts a lot on India’s leadership of the G20 (Group of 20) at a time when the world is faced with the continued economic slowdown and social distress, said the chief of the International Monetary Fund (IMF) Kristalina Georgieva. “India, which is the president of G-20 countries, remains among the countries that perform better than the global average and by a good percentage,” IMF Managing Director Kristalina Georgieva told reporters during a media roundtable on Thursday. Lauding India for embracing digitization, Georgieva said, “What we see working ex
A consortium led by Adani Group has completed the purchase of Port of Haifa on the Mediterranean Sea in northern Israel for 4 billion shekels ($1.15 billion), said Israel’s Finance Ministry on Tuesday. The Adani Group outbid Chinese and Turkish companies for the right to purchase the port. Israel announced in July it would sell the port in Haifa, a major trade hub on the Mediterranean, to winning bidders Adani Ports and local chemicals and logistics group Gadot. Haifa Port is one of Israel’s main seaports. The sale of the port has taken five years, and culminates the nearly two-deca
India handed over 75 passenger buses to Sri Lanka on January 8 as a part of assistance to strengthen the public transport infrastructure of the debt-ridden country. Under the Neighbourhood First policy, India has been extending multi-pronged assistance to pull Sri Lanka out of the worst economic and humanitarian crisis it has seen since its independence in 1948. The island nation, with a population of about 22 million, has been battling shortages of essentials, from fuel to food, for months. In May 2022, the country declared that its foreign exchange reserves had dropped to a record low, a
India’s wheat production is set to make a record in the current fiscal as all-time high prices prompted farmers to expand planting areas, and opt for high-yielding varieties. The experts suggest that production could rise to 112 million tonnes because of the higher area and favourable weather. Scientists and traders have projected good weather conditions to be another factor for the bumper wheat production. India is the world's second largest wheat producer. Led by the higher output, the country may consider lifting a ban on exports of the staple. It will help ease concerns over persiste
Remittances from overseas Indians increased by 12 per cent in one year, taking it to $100 billion for the year 2022, said Union Finance Minister Nirmala Sitharaman at the Pravasi Bharatiya Divas convention in Indore on Tuesday. Calling the NRIs as the “real ambassadors of India,” the Union Minister appealed to them to use Made in India products and services as far as possible. “Within a year, which was post-pandemic, people thought Indian workers will not go back abroad again; they have not only gone back, but more have gone for very useful employment and the remittance numbers