Indian Government Plans $137 billion Boost to Railways

India’s government has announced plans to invest $137 billion in its railway network over the next five years. Announcing this news at the annual railway budget, Railway Minister Suresh Prabhu said the cash boost will help modernize existing tracks and introduce faster trains. He left the heavily subsidized passenger fares unchanged, largely due to the [...]

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February 27, 2015   No Comments

India Inks Nuclear Energy Pact with Sri Lanka

Sri Lankan President Maithripala Sirisena, on his first overseas tour since winning an election last month signed four agreements with India including one  for civilian nuclear co-operation, which envisages an “exchange of knowledge and expertise, sharing of resources, capacity building and training of personnel in peaceful uses of nuclear energy.” Bloomberg reports that Sri Lanka [...]

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February 27, 2015   No Comments

India’s Defense Expected $620 Billion on Defense until 2022

According to a report by Federation of Indian Chambers of Commerce and Industry and financial services firm Centrum Capital Ltd., India’s defense spending is expected to hit $620 billion between fiscal years 2014 and 2022. Driven by both domestic and external demand, the annual opportunity for Indian companies, both public and private sector, is expected [...]

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February 27, 2015   No Comments

4 Indian Startups in Billion Dollar Club

The Wall Street Journal’s and the Dow Jones VentureSource’s Billion Dollar Club includes startups that venture-capital investors believe are worth at least $1 billion and have raised money in the past three years, and four Indian startups make the list. Ranked 5th of 73 companies listed is Flipkart Internet Private Ltd., India’s largest e-commerce company by [...]

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February 27, 2015   No Comments

India to Spend $16 Billion on Warships Submarines

Reuters, citing defense sources, reported that Prime Minister Modi had summoned a meeting of the cabinet committee on security on 16 February to approve construction of seven frigates equipped with stealth features to avoid easy detection, and the government cleared an $8 billion plan to build India’s most advanced warships. Under the  ”Project-17A” , four [...]

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February 25, 2015   No Comments