13
Thursday
December 2018
10:40 AM IST
News Headlines
Aussies will fight back, but India has upper hand: Ghavri        World Tour Finals: Tough road ahead for Sindhu; Sameer too eyes knockout berth        Govt should consider 100% FDI in multi-brand retail trade: CII report        Shaktikanta Das named new RBI Governor        Khashoggi, other journalists named Time 'Person of the Year'        May tours Europe in desperate bid to save Brexit deal        Three policemen killed in Shopian by terrorists; weapons snatched        13 of 19 Rajasthan ministers lose elections; CM Vasundhara Raje retains her seat        Clear message to Modi that People are unhappy and it is time for change: Rahul on poll results        Cong leads in R'than, Chhattisgarh and MP; TRS races ahead in Telangana, MNF in Mizoram        Shakhtar prepare for home match 700 kilometres from home        AC Milan let Inter off the hook with Torino stalemate        Sensex cracks over 550 pts; Nifty drops below 10,600        Trump's potential next chief of staff pick leaving White House        UK PM faces fight for her political life in Brexit deal        BJP mocks Oppn meet, asks them to reveal PM candidate's name        RBI Governor Urjit Patel makes loud noise with silent exit        RLSP chief Upendra Kushwaha resigns from Union council of ministers        1st Test: India in cruise control as Australia reduced to 104/4 chasing 323        Over 16000 runners take part in Pune Half Marathon        
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Business News
India invites Swedish companies to explore investment opportunities
 
Stockholm, Nov 12 (PTI) A vast consumer market and government initiatives to promote manufacturing and digital penetration provide huge opportunities for Swedish companies to invest in India, an Indian official said Monday.

"India's growth which is complemented by a large consumer market offers huge business opportunities for Swedish companies. There is a tremendous scope for investment," India's Ambassador to Sweden Monika Kapil Mohta said here at the India Sweden Business Day, organised by India Unlimited.

She noted that India is the fastest growing major economy in the world and is moving towards building a USD 5 trillion economy.

Mohta said that flagship programmes such as Make in India, Skill India, Swachh Bharat, Digital India and public healthcare plans are some of the areas that hold huge investment potential.

"These are the areas which are of particular interest to you. India has undertaken an ambitious plan to build the next generation infrastructure including smart cities, airports, high-speed trains, high cyber connectivity.

"There is a rapid growth in construction of national highways. There are ambitious plans to develop more than 100 rivers and national waterways. All these areas further open up immense opportunities for our Swedish partners," the ambassador added.

She outlined that the government is taking several steps to improve ease of doing business and is also carrying out comprehensive reforms to attract investments.

"Today from this forum, I invite all of you to participate in this vast business opportunities that await you in India. I assure you that you will be helped, facilitated all the way in your journey in every possible manner," she said.

India Unlimited Chief Executive Director Sanjoo Malhotra said that Indian economy is growing at a fast pace and innovation plays a critical role in this.

Innovation will help achieve the sustainable development goals, he said, adding in this area businesses of both countries can increase cooperation.

India Unlimited was constituted in 2013 in association with the Embassy of India in Sweden, industry body CII and Sweden Indian Business Council to promote ties between the countries.

Speaking at the function, Niklas Johansson, state secretary to the minister for enterprise and innovation, said that enormous potential is there to increase economic cooperation between the two countries and the core will be innovation.

He said that Swedish companies can benefit from the talent pool of India.

He added that cut in red tape, modernise regulations, and tax administrations help promote economic engagement.

The bilateral trade between the two countries increased to USD 2.23 billion in 2017-18 from USD 1.87 billion in the previous fiscal. India has attracted USD 1.48 billion foreign direct investments during April 2000 and June 2018. Famous Swedish companies including Volvo and IKEA has presence in India.


Govt should consider 100% FDI in multi-brand retail trade: CII report
Shaktikanta Das named new RBI Governor
Sensex cracks over 550 pts; Nifty drops below 10,600
India's coal output up 10% to 156 MT during Apr-Nov
Prabhu links creativity & business opportunities to cheap beverages in Goa
31st GST Council to meet on Dec 22 in Delhi
Cabinet Approves Policy to Double Farm Exports to $60 Billion by 2022
RBI keeps key rates unchanged
NTPC wins 85 MW solar capacity in UP Govt tender
Maintain status on currency management, HC tells SBI
Amway India enters herbal skincare space
New 2018 Maruti Suzuki Ertiga Launched In India, Prices Start At ? 7.44 lakh
Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report
Air India eyes Rs 800 cr from sale of over 70 properties
Intel India opens design house costing Rs 1,100 cr at B'luru
Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim  
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
INTERNATIONAL NEWS
Khashoggi, other journalists named Time 'Person of the Year'
 New York, Dec 11 (AFP) Saudi journalist Jamal Khashoggi, who was murdered in October at his country'
May tours Europe in desperate bid to save Brexit deal
Trump's potential next chief of staff pick leaving White House
UK PM faces fight for her political life in Brexit deal
NATIONAL NEWS
Three policemen killed in Shopian by terrorists; weapons snatched
 Three policemen were killed Tuesday when Pakistan-based Jaish-e-Mohammed terrorists attacked a guard
13 of 19 Rajasthan ministers lose elections; CM Vasundhara Raje retains her seat
Clear message to Modi that People are unhappy and it is time for change: Rahul on poll results
BJP mocks Oppn meet, asks them to reveal PM candidate's name
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