VC investments in India more than doubled in September quarter

According to Venture Pulse – a quarterly report published by KPMG Private Enterprise, the venture capital investments were robust world over, despite the pandemic-led disruptions during July-September quarter. The VC investments In India, grew to $3.6 billion in July-September from $1.5 billion in the June quarter, supported by mega deals including the...

India Plans $100 Billion Investment in Energy by 2024

India will see a $100 billion investment in creating oil and gas infrastructure over the next five years as the world's third-largest energy consumer steps up spending to meet rising demand. Speaking at KPMG's Enrich 2019 conference, Dharmendra Pradhan, minister for petroleum said, "India will secure capital, world-class technology, and...

S. Korea's Lotte Acquires Ice Cream Maker in India

South Korea’s Lotte Confectionery bought Ahmedabad, Gujarat-headquartered ice cream maker Havmor Ice Cream Ltd for $150 million in an all cash deal. Privately held Havmor, worked with KPMG, Veritas Legal and Dhruva Tax Consultants, to seal the deal. It is the first time that a South Korean company has entered the food space...

India to Get its First Cartoon Network Themed Park

Turner International India, a division of New York City-based Times Warner, and the Rajgreen Group of Companies based in Gujarat, India, announced a 10-year partnership in Amaazia — India’s first Cartoon Network-branded amusement park. The Rajgreen Group invested $66 million in the venture which is located at Surat in the state of...

Foreign Investment into India at All-Time High

According to India's Department of Industrial Policy and Promotion,  cumulative foreign direct investment (FDI) into India reached $498.9 billion in the 17 years from April 2000 to June 2017. During the last two financial years,  FDI flows into India totaled $114.4 billion says a new KPMG report; this is an incredible forty...

DHL to Expand Warehouse Capacity in India

India's rising e-commerce transactions coupled with the effect of introducing GST, the consolidated tax regime, will boost freight movement, and Deutsche Post DHL Group is getting warehouses ready for future business. India’s e-commerce market, which currently logs 1.2 million transactions daily, is estimated to jump 31 percent annually over 2017-2020...

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