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New Indo-Arab chapter to promote trade with South India

The Indo-Arab Chamber of Commerce & Industries has set up its South India chapter in Bangalore to accelerate trade, investments and joint ventures between industries located in the four southern states and 18 countries in the Arab world. "The chapter will strive to identify new areas of cooperation for promoting trade, investments and joint ventures between Indian industries and their counterparts in the Arab countries," the chapter's executive director Asif Iqbal said in a statement.

Maruti violence will not affect Haryana investments: Hooda

The violence at Maruti Suzuki's Manesar plant, which left one senior executive dead, will not impact on investments in Haryana, Chief Minister Bhupinder Singh Hooda said. "One untoward incident cannot have so many implications. The incident won't have any impact on the investment friendly atmosphere and future of industries in the state. I can assure that," said Hooda on the sidelines of a programme in Kolkata.

Electronics sector to get special incentives

The Union Cabinet has approved a special incentive package to promote large-scale manufacturing in the electronic system design and manufacturing (ESDM) sector. The scheme, called the Modified Special Incentive Package Scheme (M-SIPS), provides subsidy for investments in capital expenditure - 20 percent for investments in special economic zones (SEZs) and 25 percent in non-SEZs.

'India-Nepal trade might reach USD10 billion by 2017'

Bilateral trade between India and Nepal could touch USD10 billion over the next five years, its envoy to India said. "Our trade with India has shown good growth. Nepal has great investment potential in sectors such as hydropower, tourism and exotic agricultural products" acting ambassador KN Adhikari said at a seminar organised by Confederation of Indian Industry in Kolkata.