2344 IST, Wednesday, July 23, 2014 
Business/Industry
South Africa hosts India business summitFakir HassanDurban, March 27 (IANS) The first Durban-India Business Summit was hosted here Thursday to encourage trade and investment between the two countries. |
Indian textile industry showcases its wares in South AfricaBy Fakir HassenJohannesburg/Cape Town, Mar 23 (IANS) Two dozen Indian manufacturers and exporters are showcasing their latest designer collections, fabric and yarn at a trade show as India said it is willing to assist South Africa in developing human capital to improve productivity and skills in the textile industry. |
India sets $70bn bilateral trade target with AfricaNew Delhi, March 23 (IANS) Undeterred by the current global financial downturn, India has decided to invest $500 million in key projects in Africa and called for the doubling of bilateral trade between the two sides to $70 billion by 2014. |
Diamonds to add more lustre to India-Africa tiesNew Delhi, March 23 (IANS) In a step that is set to add extra shine to bilateral ties and help the African diamond industry move up the value chain, India is planning to set up diamond cutting and polishing institutes to train Africans. |
Mahindra's hike stake in South African vehicle ventureBy Fakir HassenJohannesburg, March 18 (IANS) Indian vehicle manufacturer Mahindra and Mahindra has increased its stake in the joint venture with its South African partner to 90 percent from 51 percent, and invested a further 30 million rands ($3 million) in the country's automotive business. |
France wooing Indian professionals with liberalised permitsNew Delhi, March 18 (IANS) France is going all out to woo qualified Indian professionals with liberalised work permits. |
Indian aviation grows, despite global slowdownBy Arjun SenIndian airlines may be facing the worst crisis in recent years due to the global economic downturn, but that has not deterred aerospace giants to continue to make a strong pitch for a share of the country's aviation pie, officially estimated to be worth $300 billion by 2020. |
India can build ships in Trinidad & Tobago: EnvoyBy Paras RamoutarPort-of-Spain, March 17 (IANS) India can help to build ships in Trinidad and Tobago, which has retained a "strong economy" despite the global slowdown, as it looks to widen ties with this Caribbean nation, nearly half of whose people are of Indian origin. |
Irish beverage firms line up series of launches in IndiaBy Madhusree ChatterjeeNew Delhi, March 18 (IANS) Riding on the success of the Bailey's cream liqueur, Irish companies have lined up the launch of a wide range of whiskeys, stouts and liquors in the Indian market this year to give discerning consumers a taste of their brewing and distilling expertise that dates back 5,000 years. |
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. 
