General Entertainment Authority chief Ahmad bin Aqeel al-Khatib said the money will come from both the government and the private sector.
Yesterday, the delegation met US Energy Secretary Rick Perry and held talks, ahead of his visit to India later this month. The meeting was organised by the US India Strategic and Partnership Forum (USISPF).
The commitment is in addition to the India-Israel Industrial R&D and Technological Innovation Fund of USD 40 million over five years with equal contribution from both sides that has already been agreed between the two sides, deputy Director General of Israel's Foreign Ministry, Gilad Cohen, told PTI.
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The new production facility of the company's arm NA Bearings Pvt Ltd, will manufacture engine and transmission components, serving domestic and exports markets, the company said in a statement. The R&D facility will focus on enhancing product development and engineering capabilities driving innovation for customers, it added.
"The production is likely to start from mid-2018. Apart from the Indian market, this facility will also cater to the SAARC countries like Nepal, Bangladesh, Sri Lanka, Vietnam and the Philippines," Tiwari said.
Already, the company is implementing projects involving investments of Rs 350 crore for setting up of a distillery and aluminium chloride units besides expansion of its chlor-alkali unit. These will be commissioned in the second quarter of the next fiscal.
"Cargill, a leading food and agriculture company, announced today that it is investing USD 240 million (equivalent to Rs 1,500 crore) in India over the next 5 years," a company statement said.
"Considering the data explosion in India... to accelerate our 4G roll out in terms of coverage and also build additional capacities in existing geographies..our capex forecast for the year is being upped from initial guidance of Rs 20,000 crore to Rs 25,000 crore," Bharti Airtel Chief Financial Officer Nilanjan Roy said during earnings call.
Chouhan, in a series of meetings with US industry representatives and leaders of the corporate world here has invited them to invest in his state.
The industries department held talks with over 70 companies in this regard, an official statement said.
The company, which will compete with the likes of Samsung, Xiaomi and Micromax in India, aims to capture 5 per cent market share in three years of operations here.
According to the UBS Evidence Lab USA C-Suite survey within emerging Asia, China is the preferred economy, as 40 per cent of larger companies surveyed expressed a likelihood of incremental investment over the next year, while over a quarter of larger companies expressed an intention to invest in India.
According to early data from Venture Intelligence, private equity investments in the first quarter of this year rose 36 per cent on a year-on-year basis and 23 per cent over the previous quarter (October- December 2016).
The Delhi State Consumer Disputes Redressal Commission has directed Parsvnath Developers to refund the amount, saying the firm was guilty of deficient service.
Prime Minister Najib Razak, who arrived in the pink city as part of his six-day visit to the country, held talks with Chief Minister Vasundhara Raje and senior officials to discuss investment opportunities for Malaysian companies.
AfDB has asked Indian companies to invest in African power, infrastructure and farming sectors as it wants strong engagement with the country in terms of doing business in Africa.
The massive subscription pushed up the borrowing cost for HNIs as it meant fewer shares allotted. But in the end, it was well worth the risk.
Jaitley said India was committed to partnering Nepal in its aspirations for growth and invest in the hydropower, irrigation, health and education sectors, transmission lines, roads and bridges, etc.
The company has opened its first Taneira store at here that has a collection of handwoven sarees and ethnic wears from across the country with products ranging up to Rs 2.5 lakh.
Saudi Arabia's Aramco will invest USD 7 billion in a giant Malaysian oil refinery project, Prime Minister Najib Razak said today, as he declared ties with the kingdom were "at an all-time high".
Outgoing SEBI Chairman UK Sinha had said that mutual funds would be able to trade in commodities in a couple of months.
State-owned Oil and Natural Gas Corp (ONGC) today said it will invest Rs 7,327 crore in developing four oil and gas projects, including the Ratna field which it had got back from Essar Oil.
The country's largest gold and diamond jewellery retailer Malabar Group is planning to invest around Rs 1,000 crore for expansion, mostly overseas, this year to take its store counts to 200 by December.
Debt mutual funds can now invest up to 15 percent of their total net assets in housing finance companies with Sebi easing the regulations in this regard.