At a time when investors' confidence in India is at an all-time low, the central government was confident that an investment climate would be restored within two to three months, said Corporate Affairs Minister Veerappa Moily.
India is Indonesia's fourth-largest trading partner. Bilateral trade between the countries is expected to zoom from USD20 to USD45 billion by 2015, Indonesian ambassador Andi M Ghalib has said. "India is at number four now, after China, the US and Japan. Very soon, it will overtake Japan and even the US. In the next five years, it will be a major trading partner," Ghalib told IANS in Shimla.
Ajay Banga, the new chairman of the US-India Business Council, says India needs to make 'tough choices' and implement progressive steps to create a welcoming business climate to attract investment.
The crop of Alphonso mangoes from the Ratnagiri and Sindhudurg districts of Maharashtra, among the country’s largest producers of the fruit, might be in grave danger. Alphonso production in these regions has been dropping steadily by 15 percent every year since 2008, and the trend might continue this year as well, reports Economic Times.
A dozen US business groups have asked US Treasury Secretary Timothy Geithner to raise their concerns with New Delhi that some proposed changes in Indian tax laws, including retroactive tax collection, would spoil India's investment climate for them.
Seeds in Ladakh are increasingly becoming a lucrative business, thanks to the region's cold and dry climate. With a minimum investment of INR2,000 locals like Ama Dolma are earning about INR30,000 annually from seeds.