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PORT LOUIS: Having established itself as a major player in Mauritius, top Indian bank SBI expects robust business in providing funds to Indian companies looking to use this island nation as a gateway for investments in Africa. "For Indian companies using Mauritius as an investment gateway to Africa, we will naturally be a preferred banking partner," SBI (Mauritius) Ltd Managing Director and CEO J S Hiremath said. SBI Mauritius is...

  • Posted on : Saturday , 15th June 2013
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 India is not competing with China in trade with Africa and is considered a "trusted friend" by the countries of the continent which is "very valuable", Vice President Hamid Ansari said today.   "We are not having the same approach as that of China. Our approach is different.... The Indian approach is not just to give the fish, it is to teach how to fish. So we don't compete with China," he said while...

  • Posted on : Saturday , 15th June 2013
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Having established itself as a major fuel retailer in Mauritius, India's leading public sector oil company IOC is planning fresh investments to expand its capacity in the island nation. Besides, it is also looking to expand into other African markets by making Mauritius as its base for the region, IndianOil Mauritius Ltd (IOML) Managing Director Ranjan Kumar Mohapatra said here. IOML is a wholly owned subsidiary of Indian Oil Corp Ltd...

  • Posted on : Saturday , 15th June 2013
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Rajahmundry: The IT activity which started more than a decade ago in Godavari districts picked up momentum in the last few years. The Software Technology Parks of India (STPI) unit which functions from East Godavari collectorate since the year 2007 made its presence felt in the spread of both software and hardware in the two districts of East and West under its purview. This development has made steady progress and by 2012-13 financial year...

  • Posted on : Wednesday , 5th June 2013
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Strengthening of US dollar against Indian Rupee has helped exports of cut and polished diamonds from India. The exports in value terms has jumped by close to 44 per cent during April at Rs 9,965 crore against Rs 6,911 crore in the same month last year. "There is a growth in exports with improvement in US economy. Also, increase in Dollar value against Rupee has helped realize better value for exports," said a diamond exporter from...

  • Posted on : Wednesday , 5th June 2013
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