Saturday, Dec 14 2019 | Time 15:21 Hrs(IST)
  • US issues advisory for its citizens about visiting NE India
  • Anti-CAB protests: Fuel, LPG, power shortage likely
  • Ex-Kalakshetra Foundation Chief Leela Samson comes under CBI scanner
  • BJP says looking forward to Shiv Sena's reaction on Rahul's Savarkar remark
  • Modi Govt wrecked India's economy: Chidambaram
  • Bidar airport to start operations from January 26
  • SP, Congress protest against PM Modi's visit to Kanpur
  • Manipur CM's cousin kidnapped and rescued by Kolkata Police
  • Girl raped, set ablaze by relative in UP
  • Machil, Keran, Karnah, Gurez remain cut off due to snow
  • I am Rahul Gandhi, not Rahul Savarkar, will not apologise for what is right: Rahul Gandhi
  • Time to pick sides to save Constitution, Sonia's call at Bharat Bachao Rally
  • Air traffic at Srinagar airport remains suspended for 8th day
  • Srinagar-Jammu highway, Mughal road remain closed
Business Economy

UAE looking to scale investments in Punjab

Chandigarh, Dec 3 (UNI) A spate of new investments by some of the leading groups of United Arab Emirates (UAE) is expected to take business ties between Punjab and the Gulf nation to a new high, particularly in food and logistics sectors, in the coming weeks.
As one of the partner countries for Progressive Punjab Investors Summit (PPIS) 2019, UAE is looking at increasing its stake in the state’s development and growth by strengthening their existing strategic ties.
While Lulu Group is in talks to in talks to finalize agreements to support long-term procurement of fresh fruits and vegetables from the State, DP World is exploring entry into the logistics sector in Pathankot.
Another of UAE's industry leaders, Emaar Group is looking to enter the food sector - sourcing fresh fruits and vegetables from Punjab, besides looking at setting up a poultry unit in the state, said Vini Mahajan, Additional Chief Secretary, Investment Promotion and Addl CS, Industries and Commerce.
The Group, a Dubai-based real estate company, has already come up with their first Integrated Township in Punjab, and have property spread across 630 acres in Mohali.
A UAE government delegation led by the UAE Ambassador to India will be taking part in the keynote and panel discussions at the summit.
They will be accompanied by industry delegation from UAE to explore areas for collaboration, and will include CXO level executives from Sharaf Group and Lulu Group.
Lulu Group already has a strong presence in Punjab. They have recently acquired a unit in Derabassi in Mohali district of Punjab for starting a Meat Processing Plant outside of UAE.
They have also entered into contract manufacturing of biscuits with Ludhiana-based Mrs Bectors, through their brand Cremica. Lulu is selling these biscuits through their retail chains in UAE, Qatar and Saudi Arabia. The partnership has resulted in trade of Rs 8.9 million in the last six months.
Ludhiana-based Trident Group is also in advanced talks with Lulu Group to sell products (home textiles and towels) through their retail chains across Middle East, Ms Mahajan said.
More News

Kozhikode Coir Market

14 Dec 2019 | 3:09 PM

Kozhikode, Dec 14 (UNI) Following were the rates in the
Kozhikode Coir Market today per quintal.

see more..

Kozhikode Oil Market

14 Dec 2019 | 3:07 PM

Kozhikode, Dec 14 (UNI) Following were the rates in the
Kozhikode Oil Market today per quintal.

see more..

Kozhikode Spices market

14 Dec 2019 | 3:05 PM

Kozhikode, Dec 14 (UNI) Following were the rates in the
Kozhikode Spices market today per quintal.

see more..

Kozhikode Rubber Market

14 Dec 2019 | 3:04 PM

Kozhikode, Dec 14 (UNI) Following was the rate in the Kozhikode
Rubber Market today,
RMA LOT (RSS-4)13,050,(RSS-5)11,900.

see more..

Sugar rates steady in Kolhapur market

14 Dec 2019 | 1:25 PM

Kolhapur, Dec 14 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Saturday to Rs 3280/3300 and Rs 3180/3200 per quintal respectively.

see more..