Textile Exports to Double
(March 19, 2007)
With the abolition of the
quota system in developed
nations and development
subsidy of Rs, 942 crore (USD
214 million), the Federal
Minister of State for
Textiles E V K S Elangovan
estimated that the textile
exports will double in the
next three years.<More>
NABARAD Bonds Worth Rs.
5000 cr
(March 19, 2007)
The National Bank for
Agriculture and Rural
Development (NABARD) plans
to raise Rs. 5000 crore (USD
1.13 billion) through
capital gains bonds to
provide refinance to
cooperative institutions
for stepping up farm and
rural credit.<More>
SEZs Exports Nearly USD 5B
(March 19, 2007)
The Industry and Commerce
Ministry has projected
exports from 63 Special
Economic Zones (SEZs)
operational since February
2006 to be about Rs. 21,631
crore (USD 5 billion) out
of an investment of Rs.
13,435 crore (USD 3
billion).<More>
Reliance and Nova Talk JV
(March 19, 2007)
Reliance Industries (RIL)
Group is apparently talking
to USD 6.5 billion U.S.
based plastics and
petrochemicals major Nova
Chemicals about a joint
venture (JV) that would
include product swaps and
infrastructure sharing.<More>
The Britannia Breakup
(March 19, 2007)
Collaboration between
Groupe Danone and Wadia
family owned Bombay Dyeing
in running Britannia India
and Wadia BSN is dead and
the entities are breaking
up these companies to
settle accounts.<More>
Heidelberg in Gujarat
(March 19, 2007)
World's fourth largest
cement maker, German
company Heidelberg Cement
said that it is planning a
two million ton cement
plant in Gujarat to augment
the 3.5 million tons it
already produces in India.<More>
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