India among top-5 global investment destinations: Survey
India has emerged as one of the top five investment destinations in the world, primarily on account of large market size and high customer potential, says a survey.
In terms of investment destinations, India continued to be at the fourth spot in the list topped by neighbouring China. Other nations in the top five are the US (second), Brazil (third) and Germany (fifth).
The survey attributed India's appeal as attractive investment destination to its large market size, customer potential and cheap labour.
(Sources: Economic Times, Indiatimes, Hindu Business Line, the Statesman, i4u)
India topples Thailand as world's largest rice exporter: USDA
India has the emerged as the world's largest rice exporter in 2012 beating its Asian counterpart Thailand with shipment of 9.75 million tonnes (mt), according to USDA's latest report.
Thailand was the top rice exporter with exports of 10.65 mt in 2011. However, its volume slipped to 6.5 mt in 2012.
India is followed by Vietnam, which shipped 7 mt of rice, Thailand (6.5 mt), Pakistan (3.75 mt) and the US (3.5 mt), it added.
(Sources: Livemint, Times of India, Indiatimes, Economic Times, i4u)
Consent of 80% land losers must
Acquisition of land for private purposes will require the consent of at least 80 % of the owners, is the almost-final decision of the group of ministers (GoM) tasked with recommending on this.
This will be one of the provisions of the new land Bill. GoM chairman Sharad Pawar and rural development minister Jairam Ramesh met briefly today to finalize key aspects on which some differences had remained.
However, no consent would be required for acquiring land for public purposes, even for private parties, Pawar said yesterday. In both cases, though, public and private purposes, provisions of relief and rehabilitation would apply equally, as specified in the coming Bill.
(Sources: Business Standard, IBNLive, Economic Times, Indiatimes, Zeenews)
MP gets investors' thumbs-up
Investors at the inaugural function of the two-day Global Investors Summit here on Monday gave a thumbs-up to the Madhya Pradesh (MP) government’s investor-friendly policies and fast-track decision making.
Anil Ambani, chairman of Reliance ADAG, said MP, would soon become the power capital of India, thanks to the development of power projects by the private sector and state undertakings.
The MP government, which provides 24x7 power to industries, hopes to become power surplus by 2013. The MP government signed deals worth $ 6.65 billion.
(Sources: Business Standard, Hindu Business Line, Times of India, the Statesman)
'FDI norms not to hurt MSME sector'
After suggestions of the Ministry of Micro, Small and Medium Enterprises (MSME) were ignored while diluting sourcing norms for foreign direct investment (FDI) in single brand retail, new minister K H Muniyappa on Monday said the new norms would not hurt the medium and small sector.
Recently, 30 % sourcing from MSME sector was made ‘preferable’ from earlier ‘mandatory’ provision. Muniyappa said competition from FDI would urge small and medium industry to raise the quality of products to match global standards.
(Sources: Business Standard, Economic Times, Indiatimes, Moneycontrol, i4u, NDTV)
Wind sector attracts $1567 mn funds globally in Sept qtr: Report
Globally the wind sector attracted total funding of over USD 1,567 million through 22 deals, including three Indian transactions during the September quarter this year, says a report. The report analyzed funding on the basis of four categories -- project funding, VC funding, debt funding and others.
Amidst rough winds in the global wind energy sector and transition in Indian wind energy markets, deals of $437.3 million struck during the third quarter.
(Sources: Economic Times, Indiatimes, Financial Express, Zeenews, IBNLive)
Force Motors to invest $ 185 million in 3 years
Force Motors plans to invest $ 185 million in the next 2-3 years for the launch of new models as well as ramping up production, a top company officials said yesterday.
The company has two plants at present -- at Akurdi in Pune and Pithampur -- with a combined capacity to produce 66,000 vehicles annually.
Force Motors' range includes small commercial vehicles, multi-utility and cross-country vehicles, light commercial vehicles and agricultural tractors.
It recently entered into personal vehicles arena with the launch of sports utility vehicle, the Force One.
(Sources: Business Standard, Economic Times, Indiatimes, Hindu Business Line, NDTV)
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