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India Inc. has been pleased with increasing export promotion schemes of the Foreign Trade Policy (FTP), which has led to an increase in a number of export promotion schemes. Sanjaya Baru, Ficci’s Secretary General was quoted saying: "Mid-term review of the FTP 2015-20 contains several positive features. Ficci is happy to see across-the-board rise of 2 per cent in MEIS (Merchandise Exports from India Scheme) incentive for exports by...

  • Posted on : Saturday , 20th January 2018
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 Increasing investment in mini-grids in the nation shows growing business interest in the renewable energy sector, despite a lack of clear government policy, as the country races to meet its goal of providing energy for all in just two years, analysts said.   Husk Power Systems, which operates mini-grids in Tanzania and India, said it had raised $20 million from an arm of Royal Dutch Shell, Swedish state-owned investor Swedfund...

  • Posted on : Friday , 19th January 2018
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 Power Minister R.K. Singh said, to finance solar projects, India will set up a $350 million fund, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.   India will need at least $125 billion to fund a plan to increase the share of renewable power supply in the country’s grid by 2022, underlining the immense financing challenge ahead.   India, which...

  • Posted on : Friday , 19th January 2018
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Indian gold imports have risen to an extraordinary 846 tonnes in the last year. This represents a mammoth 53 percent increase. This demand has been spurred by lower global prices and a higher demand for gold locally, according to MMTC-PAMP India.  India remains the world’s second largest gold importer and recorded an import capacity of 550 tones of the metal in 2016. "There has been a significant jump in the gold imports in...

  • Posted on : Friday , 19th January 2018
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 Tata Motors has announced that TAL Manufacturing, a subsidiary of the company has received a ‘CE’ certificate for their Indian made robot named ‘BRABO’. The Robot will now be made available for commercial sale throughout Europe. The TAL BRABO is now deemed to be in compliance with the specifications of European health, safety and environmental legislation.  This makes the TAL BRABO available to the European...

  • Posted on : Friday , 19th January 2018
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