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Business Economy


Sohan Roy features in top 100 Indian Business owners 2018 by Forbes Middle East

Kochi, May 14(UNI) UAE-based NRI industrialist Sohan Roy, Chairman and CEO of Aries Group has been featured in the coveted ‘Top 100 Indian Business Owners in the Arab World 2018’ list released by the Forbes Middle East.
This was for the fourth consecutive year he has been featured in the top 50 count on the list, a release said here on Tuesday.
Under the astute vision and leadership of Sohan Roy, a naval architect turned Hollywood director, UAE-based Aries Group has grown exponentially. Aries Group, today, was one of the largest multinational conglomerates in the Middle East with 47 companies operating in 15 countries across the globe. The diversified group has presence in oil and gas, marine, media, medical, entertainment and tourism sectors, it said.

Commenting on the announcement, Sohan Roy said, “It is something special, a recognition for serving the UAE is precious and priceless. I thank the visionary rulers of Middle East for creating vibrant opportunities. NRI entrepreneurs played a crucial role in the development of the region by tapping the potential wisely and effectively. The UAE is the strategic business partner of India and bilateral trade may exceed 100 billion US dollar by 2020. It underlines deep relationship between the UAE and India. And I dedicate this success to my team and business partners.”
He highlighted that as part of Vision 2020, the group will double its presence in marine, tourism and entertainment sectors in Middle East and India, it further said.
Sohan Roy who is the Founder Director of Indywood also spearheads Indywood consortium which is backed by 2,000 Indian billionaires and corporate.
The 10 billion US dollar Project Indywood aims at initiating 10,000 new 4K projection multiplex screens, 1,00,000 Atmos 4K/2K projection home cinemas, film studios, animation/VFX studios and film schools conforming to international standards. Indywood TV positioned as 24/7 entertainment channel with special focus on movie centric programs and shows is another flagship venture of Indywood.
Sohan Roy's Hollywood directorial venture Dam999 movie had won many national and international accolades. Besides he pioneered the concept of building dual 4K multiplexes and Atmos home cinemas in less space.
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Sitharaman chairs Financial Stability and Development Council meeting

Sitharaman chairs Financial Stability and Development Council meeting

28 May 2020 | 9:48 PM

New Delhi, May 28 (UNI) Union Finance Minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) here on Thursday and reviewed the current global and domestic macro-economic situation, financial stability and vulnerabilities issues besides major matters likely to be faced by banks and other financial institutions
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Firmenich Successfully Completes Acquisition of DRT

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Assam invites investment from US-India Business Council

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