India and Kazakhstan discussed expanding cooperation in hydrocarbons and nuclear energy sectors, as well as expanding the International North-South Transport Corridor by linking it to the Kazakhstan-Turkmenistan-Iran rail link.

These and other issues were discussed at the two-day meeting of the Inter-Governmental Commission (IGC) with Kazakhstan, led by Indian Petroleum and Natural Gas Minister Dharmendra Pradhan and co-chaired by Kazakh Energy Minister Kanat Bozumbayev, in the central Asian nation's capital Astana, an Indian Petroleum Ministry release said.

An official statement said the two sides discussed ideas for stepping up cooperation in the energy sector, trade, economic, investment, transport and connectivity, agriculture, information technology, space, healthcare and cultural spheres between the two countries.

Kazakhstan is strategically located between Europe and Asia and offers enormous business opportunities for investments. The country is rich in mineral resources, such as uranium, oil and natural gas.

This transport corridor is a 7,200 km multi-mode network of ship, rail and road for transporting cargo between India, Russia, Iran, Europe and Central Asia. The route mainly involves moving freight from India, Iran, Azerbaijan and Russia via this network.

India Investment Journal’ has in-depth coverage on related topics.

New Delhi-based Mankind Pharma Ltd is working to make inroads in the US market and plans to file its first set of generic products with the regulator in 2018.

Rajeev Juneja, chief executive officer of Mankind Pharma, said: “We will develop innovative products for the US market. We are setting up a manufacturing plant in the US with a total investment of $30 million. We are establishing this US manufacturing organically.

"The building setup is ready; however, equipment and utilities are under commissioning”

He added that the company is also in the process of getting some of its Indian units approved by the US Food and Drug Administration (FDA).

While the company has been successful in the domestic market, which accounts for nearly 90 per cent of its revenue, analysts believe that tapping the US market will be challenging as the company is a late entrant compared to its Indian peers and current market conditions in the US are challenging.

Although the company is trying to increase its international presence, the Indian market will be its priority as it aims to be among the top three players in the country.

'India Global Business’ has in-depth coverage on related topics.

Estonia is keen to help India combat cyber-attacks by engaging it in joint drills and offering its cutting edge technical resources in the field.

Estonia’s capital Tallinn is home to the NATO Cyber Defence Centre of Excellence, a leading international military organisation dealing with cyber conflicts.

"Estonia is the cyber security training ground for NATO and the European Union, and we would be happy to exchange our knowhow and help set up similar training exercises in India," Siim Sikkut, Deputy Secretary General (IT & Telecom) in Estonia's economic affairs and communications ministry, told Indian media.

He said, Estonia's cyber security experts are willing to suggest ways to help India operationally defend its core systems and fortify strong collaborations with critical service providers in the private sector.

A deeper Indo-Estonian engagement on cyber security appears on the cards in next month's EU-India summit in Delhi. It is also scheduled to pave the way for active cooperation between India and the Europol's European Cybercrime centre on counter-terrorism operations and battling cyber crime.

The Estonian government also looks forward to working closely with India to help the latter leverage its biometric Aadhaar database for delivering a host of digital services to citizens.

India Investment Journal’ has in-depth coverage on related topics.

Ahmedabad-based Cadila Healthcare Ltd (Zydus Cadila) has entered into an exclusive agreement with Pharm Aid Ltd, headquartered in Russia, for the technology know-how on varicella vaccine production in the Russian Federation.

Signed at the Biotechmed conference in Gelendzhik, Russia, this agreement lets Zydus gain access to the public and private market segments in the Russian Federation, Belarus, Uzbekistan, Kazakhstan, Armenia and Kyrgyzstan.

Sharvil Patel, Managing Director, Zydus Cadila, said: "We welcome this opportunity to participate in and partner biotech opportunities in the Russian Federation market. As an innovation-driven global healthcare player, our aim has always been to bridge unmet healthcare needs by improving accessibility to preventives and novel therapies."

The agreement aims to bring in a continuous supply of vaccines which could be included in the critical childhood immunisation programme. This programme currently doesn’t feature the indigenous varicella vaccine due to its uncertain supply. Its demand is estimated at 3 million dosages per annum in the Russian Federation alone.

'India Global Business’ has in-depth coverage on related topics.

India is expected to reach 20 gigawatt (GW) of installed solar capacity by the end of the present financial year (2017-18), said a report released by the consulting firm Bridge to India (BTI) this week.

Out of the 7.5 GW capacity installed in the last four quarters (Q4 2016-Q3 2017), 57 per cent came from three southern states—Telangana, Karnataka and Andhra Pradesh.

On the launch of BTI’s India Solar Map 2017, Vinay Rustagi, managing director, BTI, said: “It is a curious time for solar sector in India. We are coming off a period of exceptional growth of over 80 per cent over last three years.

“But the future looks more subdued—demand for solar power is slowing down when tariffs have fallen to a low of Rs2.42/ kWh level making solar power the cheapest new source of power in India. Utility scale solar capacity addition is expected to slow down to about 5 GW per annum.”  

Meanwhile, the report stated that seven project developers in India now have a portfolio greater than one GW (both commissioned and pipeline projects).

The report also emphasised that there has been a marginal increase in the market share of Indian manufacturers but the Chinese suppliers continue to hold over 80 per cent of the total market share.

India Investment Journal’ has in-depth coverage on related topics.

Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the Mahindra Group, announced a strategic partnership with World Bank Group member International Finance Corporation (IFC) in which the latter would invest $50 million to develop industrial parks across Gujarat, Rajasthan and Maharashtra.

In a filing to the Bombay Stock Exchange (BSE), the Mumbai-based developer said the alliance involves investments across Mahindra Lifespaces’ existing and upcoming industrial park projects, with its first investment in an approximately 350-acre industrial park near Ahmedabad.

“Industrial parks or special economic zones are globally recognised as engines for economic growth and development. Development of these parks will attract private investments and provide a fillip to several flagship initiatives of government of India and create jobs,” said Jun Zhang, country head for India, IFC in a statement.

Anita Arjundas, managing director, Mahindra Lifespace, said: “Sustainable industrial ecosystems are key enablers for attracting investment in manufacturing and fast-tracking infrastructure led development. Mahindra Lifespaces is delighted to partner with International Finance Corporation to drive this transformation agenda forward through a network of industrial clusters across the country.”

India Investment Journal’ has in-depth coverage on related topics.

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