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Andhra Pradesh Tops in Ease of Doing Business, Delhi Fails

11Jul By Gauri SinghNo Comments

INDIA

Andhra Pradesh Tops in Ease of Doing Business, Delhi Fails

Andhra Pradesh is on the lead in the Indian government’s ‘ease of doing business’ index for the states. Andhra Pradesh scored 98.42 percent in the third edition of Department of Industrial Policy and Promotion’s (DIPP’s) Business Reforms Action Plan, beating Telangana. The state has improved in various fields such as taxes, protecting minority investors, issuing construction permits, providing new electricity connections, among others that helped a lot to reach this position. Also, Andhra Pradesh has successfully brought in 90 percent of the reforms listed in construction permits. Other reforms that the state implemented involves the establishment of a dedicated conflict resolution mechanism for land and construction permits, implementing a system to allow approval based on third-par...

Ola to Invest Rs 350 Crore in Haryana Over 5 Years

28Jun By AdityaNo Comments

News

Ola to Invest Rs 350 Crore in Haryana Over 5 Years

Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years, the company said today. "We are proud to partner with the Haryana government to create more than 10,000 entrepreneurship opportunities across the state. To this end, we are planning to invest over Rs 350 crore in Haryana over the next 5 years," Chief Operating Officer, Ola, Pranay Jivrajka said in a statement. Ola will work with the Haryana government to introduce innovative and customised mobility solutions like Ola Auto, Ola Bike, Ola Share and Ola Shuttle across the state. "Ola's commitment to building mobility for citizens, by using mobile technology and by enabling entrepreneurship and skilling, will ...

30Mar By AnkitaNo Comments

INDIA

Gujarat, Maharashtra Together Contribute 46 Percent To India’s Exports: Report

According to an ASSOCHAM study on 'Export Performance of States', the analyzed data between 2007-08 and 2014-15 reports that Gujarat and Maharashtra account for more than 46 percent of the merchandise consignments from the country and with the addition of three next best performing sources of shipments, the top five states claim over 69 per cent of India's entire export earnings. While Gujarat and Maharashtra have been vying for the top spot, the latter became the best performing states shipping goods worth USD 72.83 billion in 2014-15. Gujarat had export shipments of USD 59.58 billion in the same period while Tamil Nadu emerged as the third largest sourcing state with USD 27.47 billion of the consignments, noted the study prepared by ASSOCHAM Economic Research Bureau. Though Gujarat...

China’s Richest Man Will Develop $10 Bln Industrial Park in India

22Jan By reutersNo Comments

BUSINESS

China’s Richest Man Will Develop $10 Bln Industrial Park in India

Chinese conglomerate Dalian Wanda Group said on Friday it would develop a $10 billion industrial park in northern India, its first project in the country. The company owned by China's richest man Wang Jianlin said it would be the lead investor in the project's initial infrastructure and also ask Chinese firms to take part. Construction on the first phase of the 13 square km park in Haryana state is due to start this year, the company said. "Haryana State will provide Wanda with the most preferential policies," it added in a statement. Dalian Wanda is aggressively spending on projects and acquisitions ranging from entertainment to financial services in a bid to diversify away from its core, but slowing, domestic real estate operations. The conglomerate which posted $44 billio...

21Jan By AnkitaNo Comments

INDIA

A Gift from Indian Railway, First CNG Train Has Been Launched in Haryana

New Delhi - A new chapter added in the history of Indian Railway today. The first CNG train of Indian railway started between Rewari to Rohtak cities, comes under Haryana, a state of India. Using Remote Control the Railway Minister of India, Mr. Suresh Prabhu, inaugurated this CNG Train. This CNG DMU Train also has the option to run using Diesel System. The use of CNG will create more energy resources and less consumption of Diesel - said Indian Railway Minister. He also said that creating more options will decrease our dependency to use traditional energy resources. 1400 Horsepower Engine For Diesel-CNG train, Indian Railways specifically commissioned a 1400 horsepower engine. As per the estimates, Rewari Passenger Train will use more than 20 per cent of CNG to cover 81 km ...