11 Updates
India invites American investment in aviation
Photo Credit: , Getty Images

India invites American investment in aviation

Oct 30 2013, 11:18pm CDT | by IANS

Washington, Oct 31 (IANS) With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking advantage of "tremendous opportunities" offered by it.

Washington, Oct 31 — With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking...

Filed under: news

YouTube Videos

 
 
 

38 weeks ago

India invites American investment in aviation

Oct 30 2013, 11:18pm CDT | by IANS

Washington, Oct 31 (IANS) With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking advantage of "tremendous opportunities" offered by it.

Washington, Oct 31 — With India's aviation sector poised "for breaking boundaries and scaling new heights", Indian Aviation Minister Ajit Singh invited American industries to invest in India taking advantage of "tremendous opportunities" offered by it.

"With ever increasing scope for participation by private sector, we expect significant development in the years ahead," he said at the inaugural session of the three-day US-India Aviation Summit here Wednesday.

"Friends, India is a land of emerging opportunities," Singh said. "Let's build partnerships to draw on these opportunities and drive the engine of India's growth."

"Considering the growth prospects of air traffic, potential for large scale acquisition of aircrafts by the airlines and substantial investment projections, Indian civil aviation market offers tremendous opportunities for US industries to invest in India," he said.

Rapidly expanding air transport network and opening up of the airport infrastructure to private sector participation have fuelled the growth of the air traffic in India, Ajit Singh said.

India is currently the 9th largest aviation market handling 121 million domestic and 41 million international passengers with more than 85 international airlines operating to India and 5 Indian carriers connecting over 40 countries, he pointed out.

Asserting that "over the past decade, civil aviation in India has been scripting a major success story" the minister noted that Indian government has brought in positive initiatives to attract foreign direct investment.

One of the most important initiatives in this direction is to allow 49 percent Foreign Direct Investment by foreign airlines in Indian carriers, he said.

Indian ambassador to the US, Nirupama Rao hoped the summit will "discuss threadbare the opportunities for making the US India relationship in the civil aviation sector more robust and sustainable" keeping in mind the "win-win potential" of India-US "relationship while remaining adequately sensitive to each other's interests."

The summit is intended to encourage a high-level dialogue on major issues relating to air traffic management and control in India, and to promote US technical solutions to support India's growing aviation market.

The Summit will build on the results of previous summits held every two years in the US and India, with the goal of assisting India in identifying advanced US technology that will support development of India's aviation infrastructure.

The central purpose of the summit is identifying specific commercial opportunities for US businesses, expanding US trade opportunities, and introducing US technologies and procedures to accomplish Indian aviation goals.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
Update
11

44 minutes ago

GIC invests in India e-commerce giant Flipkart

Jul 29 2014 5:12pm CDT | Source: Business Times Singapore

July 30, 2014 12:53 AM[SINGAPORE] Singapore's GIC has invested in Flipkart, India's largest e-commerce company - making it one of several investors who have participated in Flipkart's latest round of funding ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
10

4 hours ago

India: Tough Talk And The Bali Trade Facilitation Agreement

Jul 29 2014 1:20pm CDT | Source: Forbes Real Time

Last week India’s top trade negotiators told the World Trade Organization (WTO) that India would not support the package of trade facilitation measures that had been agreed to last December at the Bali ministerial. Because adoption of these measures must be done by consensus among WTO members by Ju ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
9

5 hours ago

Finmeccanica settles with Italy prosecutors to end Indian chopper probe

Jul 29 2014 12:22pm CDT | Source: Reuters India

MILAN (Reuters) - Italy's Finmeccanica said on Tuesday it had reached a agreement with prosecutors to settle legal proceedings over a high profile helicopter contract between one of its units and India, adding this did not e ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
8

9 hours ago

Maximize Your Gold Exposure: Buy Junior Miners That Trade Like Mispriced Call Options

Jul 29 2014 8:45am CDT | Source: SeekingAlpha

ByBen Kramer-Miller:If you're like me then you believe that the gold price is going to rise substantially over the next several years. I go into the details in a previous article so I won't delve too deeply here, but some of the basic fundamental drivers include: A massive increase in the money supply that will at some point lead to a massive decline in the purchasing power of the dollar. A decline in the importance of the USD in international trade which will furt ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
7

9 hours ago

India's food stockpiling and WTO stand-off

Jul 29 2014 8:24am CDT | Source: Reuters India

(Reuters) - India threatened to block a worldwide reform of custom rules last week, saying it wants an agreement on food subsidies and stockholding to run parallel to t ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

10 hours ago

Himachal bus tragedy: 20 killed after bus falls into a gorge

Jul 29 2014 7:31am CDT | Source: HeadlinesToday.in

The bus was on way from Shimla to Savera Khad in Sunni area of the district when the accident occurred near Kadhar Gha ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
4

10 hours ago

Others Are Selling But India's Adani Thinks It's A Good Time To Develop A Coal Mine in Australia

Jul 29 2014 7:01am CDT | Source: Forbes Real Time

In theory, construction could soon start in Australia on one of the world's biggest coal mines thanks to demand in India for a more reliable supply of electricity. In reality, it could be years before a sod is turned at the $16 billion Carmichael project 240 miles inland from the [. ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
3

11 hours ago

Future Retail files papers with Sebi to raise Rs 1,600 cr

Jul 29 2014 6:33am CDT | Source: Bridgeville Public Library

Future Retail is the flagship company of the Future Group and is into organised multi-format retail business in India. The company has retail stores in various formats including food, fashion apparels, accessories and footwear, general merchandise, consumer durables and electr ...
Source: Bridgeville Public Library   Full article at: Bridgeville Public Library
 

 
Update
2

12 hours ago

E-tailer Flipkart raises $1 billion in funding

Jul 29 2014 5:33am CDT | Source: Reuters India

MUMBAI (Reuters) - Flipkart, India's largest e-tailer, said on Tuesday it raised a fresh round of funding worth $1 billion as it tries to aggressively scale up after Amazon.com Inc's rapid expansion in the country h ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
1

13 hours ago

AAP condemns violence in Karnataka over Yellur signboard

Jul 29 2014 4:38am CDT | Source: Business Standard

Aam Aadmi Party (AAP) has condemned the violence that erupted following the removal of a pro- Maharashtra signboard at Yellur vill ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

EU to impose more restrictive measures against Russia
Brussels, July 30 (IANS) The European Union (EU) has agreed a package of "significant" additional restrictive measures targeting sectoral cooperation and exchanges with Russia, the European Council said in a statement Tuesday.
 
 
Green spaces impact birth weight positively
London, July 29 (IANS) Where expecting mothers live can also have a bearing on the birth weight of their babies as researchers have found that mothers who live near green spaces deliver babies with significantly higher birth weights.
 
 
What makes you a pessimist?
London, July 29 (IANS) Cannot see thing turning out to be all right? A hyperactive habenula, half the size of a pea in the brain that tracks predictions about negative events, could be the key, a study suggests.
 
 
Russian space 'sex geckos' are safe for now
Moscow, July 29 (IANS) There is good news for the geckos aboard the Russian Foton-M4 space satellite meant to study the effects of microgravity on sex and reproduction.
 
 
 

Latest from the Network

Zac Efron was 'going crazy' before rehab
Zac Efron admits he was ''going crazy'' at home before seeking help in rehab. The 'That Awkward Moment' star, who sought treatment for an alleged cocaine addiction twice last year, says he realized he had a problem when...
Read more on Celebrity Balla
 
Kanye West wants to put baby plans on ice
Kanye West wants to put his plans to have a second child with Kim Kardashian on ice. The 'New Slaves' hitmaker, who has 13-month-old daughter North with the reality TV star, is reportedly stressed out by his wife's...
Read more on Celebrity Balla
 
Hayden Panettiere will be 'an amazing mother'
Hayden Panettiere's fiancé Wladimir Klitschko thinks she's going to be ''an amazing mother.'' The heavyweight professional boxer, 38, is thrilled the 'Nashville' actress, 24, is expecting their first child and is...
Read more on Celebrity Balla
 
Mila Kunis celebrates her baby shower
Mila Kunis celebrated her baby shower on Sunday (07.27.14). The 'Black Swan' star, who is expecting her first child with fiancé Ashton Kutcher this year, attended a top secret party in her honor in Los Angeles, where...
Read more on Celebrity Balla
 
George Michael hints at Wham reunion
Los Angeles, July 30 (IANS) Singer George Michael has hinted that there could be a reunion between him and his former bandmate Andrew Ridgeley. The 51-year-old said that it was a mistake "splitting Wham!" and...
Read more on Celebrity Balla
 
Indian weightlifter Chandrakant Mali gets bronze
Glasgow, July 30 (IANS) Weightlifter Chandrakant Mali won the bronze medal in the men's 94kg category bringing home the 10th medal for India in the day at the Commonwealth Games here Tuesday. The gold went to Papua...
Read more on Sport Balla
 
EU to impose more restrictive measures against Russia
Brussels, July 30 (IANS) The European Union (EU) has agreed a package of "significant" additional restrictive measures targeting sectoral cooperation and exchanges with Russia, the European Council said in a statement...
Read more on Business Balla
 
Medals tally at Commonwealth Games
Glasgow, July 30 (IANS) Australia are leading the medals tally with 33 gold, 28 silver and 37 bronze on the fifth day of the 20th Commonwealth Games. India are now sixth with a tally of 35 medals, including 10 gold,...
Read more on Sport Balla
 
Chris Brown's neighbour threatens to shoot him
Los Angeles, July 30 (IANS) Chris Brown's neighbour has threatened to kill him if the singer will try to step onto his property. The pop star's new neighbour at the 8,000 square foot house in Agoura here has tried to...
Read more on Celebrity Balla
 
Shooters, wrestlers inspire India's medal rush in Commonwealth Games (Roundup)
Glasgow, July 30 (IANS) Shooters and wrestlers put on a stunning show as India grabbed nine medals, including three gold medals, in what was their best show so far in the 2014 Commonwealth Games here Tuesday. Sushil...
Read more on Sport Balla