American automobile manufacturer General Motors (GM) on Wednesday said it will invest around $1 billion in India to augment production capacity and create 12,000 jobs locally. “The Chevrolet brand is committed to India for the long-term. We will be investing about $1 billion into India in the next five years. We are delivering on our […]
China and India should work together to build a closer, and more comprehensive partnership among the BRICS countries, Chinese President Xi Jinping said here. Xi made the remarks on Wednesday when meeting with Indian Prime Minister Narendra Modi in the city of Ufa, ahead of two multi-lateral summits, Xinhua reported. The Chinese president recalled his […]
With preparations on for the upcoming Third India-Africa Forum Summit in October in New Delhi, an Africa-India Partnership Day was recently organised here jointly by the Export-Import Bank of India and industry chamber FICCI for sharing India’s developmental experiences with Africa, particularly on the public-private partnership model of financing infrastructure development. Speaking on the occasion, […]
ICICI Bank on Monday said it has partnered with Alibaba.com, the leading platform for global wholesale trade, to launch a trade facilitation centre, a single window facility to provide easier trade finance to the small and medium enterprises in India. The collaboration for the centre will enable the Indian entrepreneurs who are members of Alibaba.com […]
Trade and Investment Minister Andrew Robb will make his third visit to India this year to continue building support to finalise a strong and mutually-beneficial Comprehensive Economic Cooperation Agreement (CECA) by the end of 2015. Mr Robb arrives in New Delhi today for a three-day visit, and will attend the revitalised Australia-India CEO Forum […]
Taiwanese iPhone maker Foxconn Technology is examining the possibility of setting up a manufacturing facility in Hyderabad. Foxconn Group president Calvin Chin and FIH Mobile Ltd chairman Vincent Whtong met Telangana Chief Minister K. Chandrasekhar Rao here on Thursday. They said the conditions in the state were favourable for setting up industrial units and lauded […]
As Prime Minister Narendra Modi commenced his two-day visit to Seoul Monday, South Korea has offered to set up a $10-billion fund to support several of his ambitious projects, from bullet trains to smart cities, the country’s envoy to India Joon-gyu Lee has said. “My country is offering India a financial package amounting to a […]
India and Mongolia forged a strategic partnership, building on the “bonds of hearts and minds” over the “barriers of distance”, as Narendra Modi on Sunday became the first Indian prime minister to visit the landlocked northeast Asian nation which has declared India as its “third neighbour” as well as “spiritual neighbour”. The two countries also […]
Recalling the Kargil conflict of 1999 between India and Pakistan, former military strongman Pervez Musharraf on Sunday said New Delhi would never be able to forget the three-month-long battle when his armed forces “grabbed India by the throat”. “There was a second line force, too, which caught India by the throat and that was latter […]
Prime Minister Narendra Modi on Saturday said he shares a close friendship with Chinese President Xi Jinping, which he described as “plus one”. Addressing a 5,000-strong Indian community at the Shanghai Expo Centre here, Modi said ancient Chinese Buddhist scholar Hieun Tsang had written that in western India, especially Gujarat, there was a lot of […]