0145 IST, Thursday, July 24, 2014 
Business/Industry
India's EXIM Bank for project development company with AfDBBy Aparajita Gupta
The Export-Import Bank of India (EXIM) is planning to set up a project development company with the African Development Bank (AfDB) to encourage public-private partnership (PPP) projects in Africa, Yaduvendra Mathur, chairman and managing director of the export finance institution, said here. |
Indian lines of credit help Ethiopia build sugar and power sectors
Lines of Credit worth more than $1 billion extended by India to Ethiopia have helped the landlocked country build its sugar and power industries and rail network, Ambassador Gennet Zewide said here Monday. |
Indian lines of credit help Ethiopia build sugar and power sectors
Lines of Credit worth more than $1 billion extended by India to Ethiopia have helped the landlocked country build its sugar and power industries and rail network, Ambassador Gennet Zewide said here Monday. |
Uganda offers Indian business gateway to East AfricaBy Rohit Vaid
Uganda is seeking Indian investments and expertise in expanding its industrial base and is ready to provide India Inc. a gateway to the 150 million people-strong East Africa market. |
African firms show interest in India's manufacturing zones
African companies have identified major investment opportunities in the upcoming National Investment & Manufacturing Zones (NIMZs) and large industrial corridors in India, E.M. Sudarsana Natchiappan, India's minister of state for commerce & industry, said here Tuesday. |
Commerce ministry adds new Line of Credit for Africa
A new Exim Bank Line of Credit for Africa has been introduced to speed up infrastructure project development in the continent, Commerce Minister Anand Sharma said here Sunday. |
India's revenues from Africa can grow four times: McKinsey
India can aspire to quadruple its revenues from Africa to $160 billion by 2025 by developing its presence in sectors where it has a unique value proposition in areas such as IT, agriculture, infrastructure, pharmaceuticals and consumer goods, says a McKinsey report released Monday. |
Pakistani fashion retailers eye e-commerce to woo Indian marketsBy Shilpa Raina
Pakistan might not yet have granted India the long-promised most favoured nation (MFN) status but that hasn't dampened the enthusiasm of fashion-retail chains here who view e-commerce as a means of fostering cross-border business and penetrating new global markets. |
Indian tractor maker plans expansion in Africa, tap land bankBy Aparajita Gupta
Indian tractor manufacturer Sonalika International, which annually exports 6,000 units to Africa, is planning to add two more assembly plants to build on the three existing facilities in order to tap the potenial of the huge unutilised arable land bank of the 54-nation continent. |
MenAfriVac: first use of vaccine outside of the cold chain in AfricaBy R. PRASAD/ The Hindu
“It’s a great Indian success story,” said Dr. Jacob John, a former virologist of the Christian Medical College (CMC), Vellore. He was referring to MenAfriVac, a meningitis A vaccine manufactured by the Pune-based Serum Institute of India. The vaccine passed the litmus test during a large-scale vaccine campaign in Banikoara district in the Republic of Benin, West Africa. |
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. 
