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India has been one of the fastest growing free-market democracies in the world even in the wake of one of the worst economic crises in six decades. Its $1.2 trillion economy is expected to have grown 6-7 percent during the fiscal year ended March 31, 2009. This growth has come on the back of nearly 9 percent expansion over the past four years.

A new era of India-Arab economic ties dawns

By Aroonim Bhuyan

New Delhi, Aug 23 (IANS) As the world fights an economic downturn, a new dimension is being added to trade and business relations between India and the Arab world, enhancing centuries-old ties between two sides of the Arabian Sea. Though Arab countries, particularly the Gulf nations, have traditionally been looked at as an important source of oil and gas for India, today it has changed into cooperation across multiple sectors marked by cross-investments from both sides.

Indian businesses plan fresh wave of investment

New Delhi, Aug 20 (IANS) Nearly 70 percent of Indian businesses believe that the country's economy would start recovering from the downturn by next year, with 50 percent of them planning fresh investment, according to a survey by a multinational consultancy group.

India prepares strictest rules on disposing of e-waste

By Joydeep Gupta

New Delhi, Aug 18 (IANS) India is close to finalising the world's strictest set of rules on disposing of electronic waste. The rules, framed by electronics equipment manufacturers with the help of NGOs, are now being given the final touch by the ministry of environment and forests.

Delhi firm wins $100 mn Ethiopian sugar factory contract

By Groum Abate

Addis Aaba, Aug 2 (IANS) India continues its sugar quest in Africa, with Delhi-based Uttam Sucrotech winning the $100 million contract for expansion of the Wonji-Shoa sugar factory in central Ethiopia.

India�s Bharti, South Africa's MTN extend pact talks to Aug 31

New Delhi, Aug 3 (IANS) Bharti Airtel and South Africa's MTN Monday said they were extending their talks for a proposed $23-billion financial alliance till Aug 31, having failed to reach a pact within the earlier deadline that had expired Friday.

Indian firm opens paper factory in Ethiopia

By Groum Abate

Addis Ababa, Aug 3 (IANS) Paper manufacturer Anmol Products Ethiopia, promoted by India's Anmol group of companies, Sunday inaugurated its unit at Ginchi, about 80 km south of here.

Indian diamond company comes to Botswana's rescue

By Fakir Hassen

Johannesburg, July 18 (IANS) Diamond Trading Co (DTC) Botswana, the sales arm of global diamond major De Beers, has appointed an Indian diamond producer as its sightholder to ensure the sustainability of its diamond manufacturing capacity in the African country.

'South Africa can benefit from India's infrastructure plans'

By Fakir Hassen

Johannesburg, July 23 (IANS) South African companies can use their capacities to reap benefits from the $500 million that India plans to invest by 2012 in infrastructure projects, according to vice-president of the Confederation of Indian Industry (CII) Hari Bhartia.

Softpro bases global plans on South African buyout

By Fakir Hassen

Johannesburg, July 2 (IANS) The acquisition of the small but well-placed South African software company Cura by Softpro of Hyderabad has presented an opportunity to the Indian firm to become the multinational company that it aspires to be, Softpro chairman Bala Reddy said here.

Bhutan, India to develop 10 hydel projects by 2020

Kolkata, June 30 (IANS) India and Bhutan will jointly develop 10 hydroelectric projects by 2020, according to Bhutanese Prime Minister Jigmi Y. Thinley.