New Delhi, June 5 (IANS) Australian data centre firm AirTrunk’s Rs 3 lakh crore investment will strengthen India’s position as a global hub for cloud computing and AI, while generating employment opportunities, supporting local supply chains and accelerating innovation-led growth, Prime Minister Narendra Modi said on Friday.In a post on social media platform X, the Prime Minister said India’s digital infrastructure journey is gaining strong momentum with large-scale global investments flowin…
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Kathmandu, June 4 (IANS) Nepal’s Foreign Minister, Shisir Khanal, is set to pay an official visit to India from June 5 to 7 at the invitation of India’s External Affairs Minister (EAM), S Jaishankar, Nepal’s Ministry of Foreign Affairs announced on Thursday. The three-day visit to New Delhi comes on the heels of ruling Rastriya Swatantra Party (RSP) President Rabi Lamichhane’s visit to India, which began on June 1.Although Khanal held discussions with EAM Jaishankar and other regional lead…
Shillong, June 4 (IANS) Nagaland Chief Minister Neiphiu Rio on Thursday said the 73rd Plenary Session of the North Eastern Council (NEC) focused on identifying the economic strengths and growth drivers of each Northeastern state through a high-powered task force mechanism aimed at accelerating regional development. Speaking to IANS after the plenary session chaired by Union Home Minister and NEC Chairman Amit Shah in Shillong, CM Rio said discussions centred on charting state-specific developmen…
Mumbai, June 4 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday India is actively expanding its global trade network, with the Oman free trade agreement (FTA) coming into effect from June 1, and another two to three more significant FTAs are scheduled to become operational in the next six months.“Over the next year, around three to four more major FTAs will be executed, and in the next 9–10 months, all nine FTAs currently in the pipeline are expected to come into effect. O…
New Delhi, June 2 (IANS) India on Tuesday welcomed Germany’s decision to operationalise visa-free transit for Indian nationals passing through German airports, saying this new arrangement would further enhance people-to-people ties.“We welcome the operationalisation by Germany of the annoucement waiving requirement of transit visa for Indian nationals transiting through Germany, exclusively by air, with effect from June 3,” the Ministry of External Affairs (MEA) wrote on X.”The announcement wa…
New Delhi, June 2 (IANS) Venezuela’s Acting President Delcy Rodriguez will travel to India for a working visit from June 3-7 and will meet Prime Minister Narendra Modi, to discuss bilateral ties, the Ministry of External Affairs (MEA) announced on Tuesday. Addressing a weekly media briefing in New Delhi on Tuesday, MEA spokesperson Randhir Jaiswal recalled Rodriguez’s previous visits to India in her capacity as Venezuela’s Foreign Minister and Vice President.”Delcy Rodriguez, Acting President of…
New Delhi, May 29 (IANS) The Bharat Audyogik Vikas Yojana (BHAVYA) scheme aims to create investment-ready industrial parks that can rapidly attract industries, generate employment and strengthen India’s manufacturing ecosystem, DPIIT Secretary Amardeep Singh Bhatia said on Friday.Addressing the gathering during a workshop organised by the National Industrial Corridor Development Corporation (NICDC) here, Bhatia said the success of the BHAVYA scheme would not be measured merely by infrastructur…
New Delhi, May 28 (IANS) India’s corporate bond market has grown steadily but still offers significant room to expand, which will be crucial to adequately finance the country’s long-term growth ambitions, a report said on Thursday.The report from CareEdge Rating said India’s corporate bond market has grown from $360 billion in 2016 to $645 billion in 2025, although the corporate debt-to-GDP ratio remained stable at 16-17 per cent. It significantly lags peers such as China, Malaysia and Sou…
New Delhi, May 27 (IANS) The US team for trade talks, led by the Chief Negotiator, will be visiting India next month from June 1-4 to finalise the details of the interim agreement and take forward the negotiations under the broader bilateral trade agreement on multiple areas such as market access, non-tariff measures, customs and trade facilitation, investment promotion and economic security alignment, the Ministry of Commerce and Industry said on Wednesday.India and the United States issued a j…
Chennai, May 27 (IANS) The textile and apparel industry of Tamil Nadu is preparing for a major export push into European and British markets as upcoming free trade agreements are expected to improve competitiveness and reduce dependence on the United States market.Industry stakeholders believe the proposed trade agreements with the European Union and the UK could significantly expand India’s share in global textile exports by creating tariff parity with competing manufacturing hubs.Exporters s…