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A business forum organised in Seattle highlighted investment opportunities in India from the US Pacific Northwest in sectors such as Artificial Intelligence, agri-tech, healthcare, higher education and tourism and showcased items for possible exports from India into the Greater Seattle area. The first 'Invest India Business Forum' (IIBF) was organised Monday by the Consulate General of India in Seattle in partnership with Greater Seattle Partners and The Northwest Seaport Alliance at the Bell Harbour International Conference Centre. The business forum aimed to attract investments from the Pacific Northwest into key sectors, particularly in high-end technologies like AI, which is anticipated to contribute USD 500 billion to India's economy by 2025, a press release issued by the Indian Consulate in Seattle said. Presentations made during IIBF underscored Government of India's commitment to developing key sectors, its skilled workforce, digital infrastructure, and related GOI policies.
Lagos Free Zone (LFZ) CEO Adesuwa Ladoja on Monday said there is an opportunity for Indian companies to develop new products tailored for the Nigerian as well as the broader African markets. LFZ is a port-based industrial zone (850 hectares) in Lagos, Nigeria, with over USD 2.75 billion committed FDI projects to date. "We are owned and promoted by Tolaram Group and located in Lekki, the sun rise development corridor in Lagos," Ladoja told PTI. According to her, Tolaram Group has observed that having a local presence in Nigeria allows companies to better understand and adapt to the Nigerian market, leading to more profitable operations. "This is an opportunity for Indian companies to develop new products tailored to the Nigerian and broader African markets," Ladoja said. She said LFZ is serving global brands like BASF, Tata International, Kellogg's, Colgate, Arla, Dufil, Lekki Portamong among others as their current tenants. "We are ideally positioned to serve the manufacturing se
More than 90 per cent of Indian institutional investors now consider sustainability information essential in their due diligence process, a study by Deloitte and The Fletcher School at Tufts University said, adding as sustainability becomes more integral to investment management, trust in the ESG data used to inform these decisions is lacking, posing challenges in accessing trustworthy data. "According to Indian investors, the inconsistency or incomparability of ESG rating data (73 per cent), cost constraints on integrating ESG data into investment decision models (71 per cent) and lack of measurable outcomes in corporate disclosures (70 per cent) reduce the trust factor of available sustainability data, inhibiting their ability to implement ESG investment strategies," Deloitte said citing its study titled 'Investor trust in sustainability data'. The study further highlights that Indian investors are more likely to trust in-house proprietary data systems and audited (or assured) ...
External Affairs Minister S Jaishankar on Wednesday sought investments from Nordic-Baltic countries in the development of ports, renewable energy, food processing and fisheries, saying India has put in place institutional frameworks for closer business-to-business cooperation. Addressing the India Nordic Baltic Business Conclave here, Jaishankar also said that India has opened embassies in Tallinn and Vilnius recently and plans to start an embassy in Latvia very soon. He said India has set up an ambitious target to set up renewable energy capacities of 450 gigawatts by 2030, lined up port-led development involving over 600 projects under the Sagarmala program, while the food processing sector has the potential to attract USD 33 billion over the next decade. "So these offer real opportunities for the NB8 (Nordic-Baltic) countries for investment, for trade and for tech collaboration and exchange of mutual expertise and best practices. The growth of fisheries, too, is a domain of natur
Capital markets regulator Sebi on Friday allowed investment managers of investment vehicles -- REITs and InvITs-- to conduct meetings of unitholders through video conferencing and other audio-visual means. The move would allow maximum participation of unitholders in the decision-making process and help in better governance. Under the rules, an annual meeting of all unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) need to be held within 120 days from the end of a financial year and the time between two meetings should not exceed 15 months. Further, managers of such investment instruments are also required to hold meetings of unitholders for certain matters. In two separate circulars, Sebi said it has decided to allow investment managers of REITs and InvITs to conduct meetings of unitholders through video conferencing (VC) and other audio-visual means (OAVM). For conducting such meetings, they need to comply with the procedure prescr
Sri Lankan President Ranil Wickremesinghe on Friday advised officials to act immediately and amend government circulars if they impede Indian investment projects in the cash-strapped island nation. Wickremesinghe at a meeting attended by Vinod K Jacob, the Deputy Indian High Commissioner, examined the progress of several development projects in the country based on Indian investment cooperation, an official statement said. Wickremesinghe advised the office to amend the relevant government circulars immediately if they impeded the development projects. New Delhi at different times had raised the slow progress in implementing the Indian projects in the country. In the ongoing economic crisis, India has provided Sri Lanka with credit lines for fuel, fertiliser and essential commodities worth USD 3.5 billion. Additionally, three credit lines were provided to the tune of USD 1.5 billion and foreign exchange crisis support of USD 2 billion, the Indian High Commission said. The governme