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Business Economy


'One stop shop' set up for Russian companies to invest in India: Prabhu

'One stop shop'  set up for Russian companies to invest in India: Prabhu

New Delhi, Oct 29 (UNI) To expand economic ties and move beyond buyer-seller relationship between India and Russia, New Delhi has set up a ‘one stop shop’ for Russian companies to invest in India called ‘Russia Plus’ which will fast track investment.

A Russian delegation on Monday called on Union Commerce Minister Suresh Prabhu here.

During the meeting, Mr Prabhu said all efforts should be made to narrow down the trade deficit. One of the major reasons for having low trade is due to trade barriers like banking, sanitary and phytosanitary issues, language barrier and visa issues.

He said the International North South Corridor (INSTC) is an important initiative taken by India, Russia and Iran to promote transportation cooperation and to enhance connectivity with central Asian countries.

The INSTC is the shortest multimodal transportation route linking the Indian Ocean and Persian Gulf via Iran to Russia and North Europe. The estimated capacity of the corridor is 20 to 30 million tonnes of goods per year and will reduce time and cost by 30 to 40 per cent.

He added that in the November 23 trilateral meeting on INSTC, all issues may be resolved in order to operationalise the route as early as possible.

Mr Prabhu said there was possibility for Russian investments in the Delhi-Mumbai industrial corridor, smart cities, railways, public transport, sanitation and low cost housing.

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India focusing on unconventional life goals, says survey

India focusing on unconventional life goals, says survey

24 Jun 2019 | 7:30 PM

New Delhi, Jun 24 (UNI) India is focusing on unconventional life goals, entrepreneurship, health and fitness and travel, a study said here on Monday.

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Garmin India launches multisport watch at Rs 59,990

Garmin India launches multisport watch at Rs 59,990

24 Jun 2019 | 7:30 PM

New Delhi, Jun 24 (UNI) Garmin India on Monday launched an all new premium GPS Running Smartwatch- Forerunner 945 at a price of Rs 59,990 to cater to the needs of the advanced runners and sports enthusiasts.

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NITI Aayog to release 2nd edition of Healthy States, Progressive India report

NITI Aayog to release 2nd edition of Healthy States, Progressive India report

24 Jun 2019 | 7:28 PM

New Delhi, Jun 24 (UNI) NITI Aayog will release the second edition of “Healthy States, Progressive India” report on Jun 25.

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Honor 20 offers 90 pc buy back guarantee in 90 days

Honor 20 offers 90 pc buy back guarantee in 90 days

24 Jun 2019 | 7:26 PM

New Delhi, Jun 24 (UNI) Smartphone Honor on Monday came up with first of its kind challenge, where it will offer up to 90 per cent buy back guarantee in 90 days on HONOR 20.

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UAE's LuLu Group to explore investment opportunities in HP

24 Jun 2019 | 6:48 PM

Shimla, Jun 24 (UNI) Accepting Himachal Pradesh Chief Minister Jai Ram Thakur's invitation to explore investment opportunities in the state, United Arab Emirates based LuLu Group International has decided to send a team to traverse the areas of collaboration.

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