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India is a land of opportunity that places premium on enterprise and creativity.I invite you, the Overseas Indians, to make use of the investment and business opportunities that india now offers. This is the time for all of us to become strategic partners in India's progress. By Dr. Manmohan Singh, Hon'ble Prime Minister of India
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India and United Kingdom Sign MOU on cooperation in Health sector

Union Minister of Health & Family Welfare India, ShriGhulamNabi Azad and Secretary of State for Health, UK, Mr. Jeremy Richard Hunt signed an MOU on cooperation in the field of health sector last evening at Geneva between the Government of India and the Government of the United Kingdom of Great Britain and Northern Ireland. Describing the agreement as a historic event and a great milestone, S...

Dated: May 21, 2013 | Categories: Healthcare
Anand Sharma Meets Japan Prime Minister Shinzo Abe

Asks for Greater Access for Indian Pharma and Agri Products The Union Minister for Commerce, Industry and Textiles Shri Anand Sharma is on a two-day visit to Tokyo for a comprehensive review of bilateral economic engagement with Japan, ahead of Dr. Manmohan Singh’s visit to Tokyo. Today, he called upon Japanese PM Mr. Shinzo Abe, and apprised him of the progress made in the implementation o...

Dated: May 20, 2013 | Categories: Others
Upgradation of existing facility and creation of new facility at Visakhapatnam Port Trust for iron ore handling

The Cabinet Committee on Economic Affairs has approved the project for upgradation of existing facility and creation of a new facility at Visakhapatnam Port Trust for iron ore handling in two phases on Design, Build, Finance, Operate and Transfer (DBFOT) basis at an estimated cost of Rs. 845.41 crore. The project will be taken up for implementation under Private Public Partnership (PPP) mode on...

Dated: May 17, 2013 | Categories: Ports
Petroleum Minister announces launch of Direct Benefit Transfer for LPG scheme in 20 Districts

Government of India is launching Direct Benefit Transfer for LPG (DBTL) scheme in 20 high Aadhaar coverage districts (as annexed) from 1.6.13. The scheme aims to curb leakages and prevent black-marketing and provide subsidy to consumers in their bank accounts. All LPG consumers are advised to immediately do the following to avail of subsidy in their bank accounts: Get an Aadhaar number if t...

Dated: May 16, 2013 | Categories: Others
India and Netherlands sign MoU on technical cooperation in urban planning and management

Shri Kamal Nath, Minister for Urban Development & Parliamentary Affairs, and Ms Melanie Schultz van Haegen, Minister for Infrastructure and Environment, Netherlands signed a Memorandum of Understanding on Technical Cooperation in the field of “Spatial Planning, Water Management , and Mobility Management” on 14th May 2013 at the Hague, Netherlands. At the bilateral meeting, Shri Kamal Nath spo...

Dated: May 15, 2013 | Categories: Others
Visa on Arrival Scheme Continues to be Popular with Foreign Tourists

Registeres a Growth of 23 Percent During April 2013 Visa on Arrival (VOA) scheme of the Government continues to be popular with foreign tourists. It registered a growth of 23.5% during April, 2013 as compared to April, 2012. During the month, a total number of 1408 VoAs were issued as compared to 1140 during April, 2012. The following are the other important highlights of VoAs issued durin...

Dated: May 14, 2013 | Categories: Tourism & Hospitality
Setting up of new major ports in the states of West Bengal and Andhra Pradesh

The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Ministry of Shipping for: setting up a new major port at Sagar Island in West Bengal through the Public Private Partnership (PPP) mode by following the extant procedures for project appraisal/approval, including obtaining environmental clearances, etc. appointing the transaction advisers and legal consultant...

Dated: May 13, 2013 | Categories: Ports
Foreign Exchange Earnings from Tourism Increases by More than Seven Percent in April 2013

Foreign Tourist Arrivals also goes up by about two percent during January-April 2013 The Foreign Exchange Earnings (FEEs) from tourism in Rupee terms in April, 2013 rose by seven percent in comparison to April 2012.The Foreign Tourist Arrivals ( FTAs) in April 2013 was 4.52 lakh which was the same in April 2012. However, FTAs during the period January-April 2013 were 24.80 lakh with a growth ...

Dated: May 09, 2013 | Categories: Tourism & Hospitality
Agricultural and Allied Products Export increases to 33.54 Billion Dollar

India’s exports of agricultural and allied products have increased from 29.8 billion dollar in 2011-12 to 33.54 billion dollar in 2012-13. Commodities prices are a function of production and demand and do not follow a linear path. Agricultural commodities too show this attribute and fluctuate over time and commodity. Currently, International prices of wheat, rice and maize are higher compare...

Dated: May 08, 2013 | Categories: Others
Committee to devise a PPP policy with CIL setup

The Union Government has envisaged that one of the ways forward to reduce the dependence on imports is to devise a Public Private Partnership (PPP) policy framework with CIL as one of the partners in order to increase the production of coal for supply to power producers and other consumers. Accordingly the Ministry of Coal has set up a Committee to devise a PPP Policy framework with CIL as one ...

Dated: May 07, 2013 | Categories: Others, Power
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OIFC is a not for profit public private initiative between the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII) aiming at expanding the economic engagement of the Indian diaspora with India.