Top American CEOs, who were at the forefront of galvanising the business community to help India during its COVID-19 crisis early this year, on Wednesday reflected upon the outpouring of support for their efforts to save lives
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
UAE investors asked to be part of the Indian growth story: Indian economy is open, asserts Modi
The Indian economy is open to innovation and investment, Prime Minister Narendra Modi told UAE investors, and promised to keep up the reforms momentum in the economy
India’s Adani Group signs deal for Sri Lanka’s West Container Terminal Port, to have 51 percent stake
India's Adani Group has signed a deal worth $700 million with the Sri Lanka Ports Authority (SLPA), the country’s state-owned port firm, and its local partner John Holdings Kneells PVC to develop and run the West Container Terminal (WCT) Port in Colombo
Indian IT firm HCL Technologies hires 1000 IT professionals in Sri Lanka
HCL Technologies, a multinational Indian IT firm, said it hired 1,000 IT professionals in Sri Lanka since June last year when the company started its operations in the island nation as the Rajapaksa government has been pushing the sector in which it sees great growth potential
India, US to co-host Indo-Pacific Business Forum on October 28-29
The United States and India will co-host the fourth annual Indo-Pacific Business Forum (IPBF) October 28- 29 that will bring together leaders in government, industry, media, and non-profits from across the Indo-Pacific, a White House statement said Friday on the occasion of the Quad Summit
India inks USD 2.7 million deal with Airbus to buy 56 military transport aircraft; big boost for Indian aerospace industry
India's Defence Ministry on Friday inked a nearly Rs 20,000-crore (USD 2.7 mn) deal with Airbus Defence and Space, Spain to procure 56 C-295 medium transport aircraft which will replace the ageing Avro-748 planes of the Indian Air Force
After meeting Modi, hi-tech CEOs see India as big investment destination
India has great potential for attracting investments and manufacturing under the various programmes introduced by Prime Minister Narendra Modi as companies try to diversify their global footprints, according to hi-tech CEOs who met him in Washington Thursday
Modi meets with Qualcom CEO to highlight hi-tech opportunities in India
Prime Minister Narendra Modi started his campaign to welcome more investments and enterprise creation in India with a meeting with wireless technology giant Qualcomm CEO Cristiano Amon in Washington on Thursday
Nepal to sign deal with India's AAI for technical assistance at airports
Nepal will sign a deal with India for technical assistance for testing of surveillance and radar systems installed at its airports
Sri Lanka begins first aerial mapping of petroleum resources: Bell Geospace to conduct exploration survey
Sri Lanka has started for the first time an airborne oil exploration survey in its seawater for potential petroleum resources, Energy Minister Udaya Gammanpila said, adding the data and other information collected from the survey will help oil investors looking to invest in the island’s energy sector
Sri Lanka prized tea industry under threat from Rajapaksa’s organic utopia
Sri Lanka’s world-renowned tea industry--accounting for almost ten percent of its total exports--is staring at a disaster, industry players believe, as they anticipate a failing crop by next month due to the blanket ban President Gotabaya Rajapaksa has put early this year on the use of chemical fertilizers
India, US bilateral trade projected to reach $500 billion by 2025: Indian minister
India's Minister for Road Transport and Highways Nitin Gadkari said on Tuesday that the bilateral trade between India and the US has grown from $16 billion to $ 149 billion in the last two decades
Nepal government hikes excise duty on two weekers; festival business likely to be affected
The Nepal government has hiked taxes on two-wheelers automobile in its revised budget presented recently where it proposed an increase in excise duty and road development tax, raising the likelihood of decreased sales in the coming festive seasons
India to help Colombia in vaccine production, space entrepreneurship
India and Colombia have signed a memorandum of understanding on space cooperation and cooperation in biotechnology and pharmaceuticals
India to procure 56 military transport aircraft for $2.6 billion from Airbus Spain
The Indian government has approved a whopping $2.6 billion deal with Airbus Defence and Space S.A. Spain to buy 56 C-295MW transport aircraft, replacing Indian Air Force's aging Avro transport planes inducted some 60 years ago
