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Old October 15th, 2016, 09:17 AM   #301
JAYVIJAY
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Russia plans $1 billion India joint fund, to pump $500 million in NIIF

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In a first, Moscow has agreed to pump in $500 million into the Indian infrastructure space, along with an equal investment by the newly formed National Infrastructure Investment Fund (NIIF), to form a $1 billion 'Russian Indian Investment Fund'.

The Russian Direct Investment Fund (RDIF) will invest $500 million into the joint fund, which will support "attractive investment opportunities and growth of Russian business activity in India," RDIF chief executive Kirill Dmitriev said.

"The money will be invested in infrastructure projects with Russian component. We will look at energy, petrochemicals, transport infrastructure and different projects where our companies can also have a foot in India," he told PTI over phone.

"Though most of the investments will be in India, some can also be outside of India. It can be in other countries as well," Dmitriev said.
After Canada, Qatar now Russia investing in it...
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Old July 13th, 2018, 06:19 AM   #302
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European firm to invest Rs 4,000 crore in Tamil Nadu infrast ..

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http://timesofindia.indiatimes.com/a...campaign=cppst
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Old July 17th, 2018, 07:36 AM   #303
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Foxconn Close to Finalizing Multi-Million Dollar Investment in India

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TAIPEI – Taiwanese tech company Foxconn, which manufactures Apple’s iPhones and iPads, is close to signing an agreement with the Indian state of Maharashtra where it will invest in a new factory, Taiwan’s official news agency CNA reported Monday.

On July 4, executives of the company, also known as Han Hai, met high officials of the Maharashtra government and the regional Chief Minister Devendra Fadnavis.

The company plans to establish a factory for manufacturing mobile phones and their parts in a 100-hectare (247 acre) area in the Jawaharlal Nehru Port Trust special economic zone, with a stated potential of generating 50,000 jobs in the western Indian state by 2020.

The agreement was initiated with a memorandum of understanding in 2015 when Foxconn promised to invest $5 billion in Maharashtra to produce parts for phones such as Apple, Xiaomi and Nokia.

Foxconn is already manufacturing televisions for the Chinese company Xiaomi near the southern Indian city of Chennai and phones for Nokia in Uttar Pradesh, seeking to benefit from the “Make in India” scheme launched by Indian Prime Minister Narendra Modi.

The company could invest in up to 12 new facilities in India by 2020 and diversify its business to include e-commerce, mobile phone services and renewable energy, according to Taiwanese experts.
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Old July 3rd, 2019, 09:48 PM   #304
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PE-VC investments in June quarter decline 45% sequentially, says report

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Old September 2nd, 2019, 12:43 PM   #305
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Canadian Billionaire Reportedly Planning $5 Billion Investment in India

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An Indian-born Canadian billionaire has announced plans to scale up investment in India, saying it “the number one country in the world”. Born in the southern Indian city of Hyderabad, Prem Watsa is head of the $70 billion Toronto-headquartered Fairfax-Financial Holdings.

Watsa was in India to meet Prime Minister Narendra Modi. He told the English financial daily, Economic Times that he plans to invest another $5 billion in India over the next five years. He has already invested an equal amount in several entities in India.

“India contributes nearly 3% of the world’s GDP but has only a 1% share of global investment money. If this figure were to just double to 2%, that would mean nearly $3 trillion of investments flowing into India", Watsa told the Economic Times.

“This country is so lucky to have a business-friendly man like Modi who is so focused on what’s good for the country", Watsa said. “Mr Modi has an outstanding 13-year record in Gujarat and a five-year record as prime minister. This exceptional experience is highly unusual for a world leader".

Fairfax, he said is in favour of participating in the Indian government’s asset-monetisation and divestment plans. It plans to invest in oil and gas, partnering with companies specialising in exploration.

Watsa said he was not worried about the growth slow down. “India offers an unusual opportunity. I travel all over the place. You know China and the US have some trade questions. Where do people want to put their money if not India? They want to put money in a large market, democracy, in a place that has rule of law".

The Canadian investor has controlling stakes in several entities in India, including Bengaluru International Airport, and Kerala-based private Catholic Syrian Bank.

India’s economic growth slumped to 5 percent in the April-June quarter, from 5.8% the previous quarter- the slowest in more than six years, according to government data released on Friday (30th of August).

Renowned economist and former Prime Minister of India Dr Manmohan Singh has said the state of economy of the country is “deeply worrying”.

“The last quarter’s GDP growth rate of 5% signals that we are in the midst of a prolonged slowdown. India has the potential to grow at a much faster rate but all-round mismanagement by the Modi government has resulted in this slow down", he said in a recorded reaction.
https://sputniknews.com/business/201...ment-in-india/
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Old September 6th, 2019, 03:23 AM   #306
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19 more US firms to invest Rs 2,300 crore in TN

The CM launched a facility called Digital Accelerator to extend assistance to all who wished to invest in TN.

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CHENNAI: A day after 16 firms inked deals to start businesses in Tamil Nadu, 19 US companies on Thursday signed Memoranda of Understanding, promising investment of Rs 2,300 crore, which would create jobs for 6,500 people. The MoUs were signed at an investors’ meet at San Jose where Chief Minister Edappadi K Palaniswami showcased TN’s potential to investors and members of the Tamil diaspora.

Lincoln Electric, Wearable Mems, Caldon Biotech, ZL Technologies, Kapisoft, Kloud Learn, Sierra Health Alerts, Acts Global Tech Solutions, Ripe.io, Latent.ao, Achireum, Nature Mills, SAi, ACS Global Tech Solutions, Dotsolved Systems Inc, TIE Global, USISPF, Google X and DCF Ventures are firms that signed pacts.

The CM launched a facility called Digital Accelerator to extend assistance to all who wished to invest in TN. The facility will be executed with aid of American Tamil Entrepreneurs Association. Tamil investors from the US who use this will get financial aid for new ventures. The CM said Rs 50 crore had been allocated for this.

The San Jose meet was attended by over 250 investors. Representatives from Foxconn, Lincoln Electric and Zoho Corporation shared their experiences of working in Tamil Nadu and explained how the State government helped investors.

Addressing investors at San Francisco, the CM explained the special features of Yaadhum Oore Scheme. He said all approvals for investments would be given through a single-window system. “As far as the industrial sector is concerned, Tamil Nadu is in second place in India, next to Maharashtra. But with regard to small scale industries, TN is in the first place,” Palaniswami said, stating that there was no compulsion for investors to set up only big business ventures with investments ranging from Rs 1,000 crore to Rs 2,000 crore.

The government would assist investors who wished to set up small scale industries too, he assured. “When we started visiting USA, we were aiming at making Tamil Nadu the numero uno State. But after interacting with you, I have gained confidence that we can make TN, a front-ranking State in the world. I request members of the Tamil diaspora to extend cooperation in this. Though you are here, I know your heart is in your motherland,” he said.
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