Ratan Tata, chairman of the Tata Group, said here Friday that Congress general secretary Rahul Gandhi had opened the door for India Inc. to invest in Jammu and Kashmir.
During a meeting with the local entrepreneurs here Friday, Ratan Tata said: "Rahul Gandhi has opened not only a window but a door for Indian Inc. to invest in Jammu and Kashmir. We are keen to invest in the state and play our role in its development."
Batting for closer coordination between industrial houses and entrepreneurs to venture in the industrial and trade sectors in the state, both Chief Minister Omar Abdullah and Rahul Gandhi said Jammu and Kashmir possesses rich potential for area specific industrialisation. They added that investors have greater opportunities to invest in the state.
They said the symbioses between the two would also result in the economic development and job creation for youth in the state. They said hydro power generation, agriculture and allied sectors, software engineering, horticulture, food processing, handicrafts and handlooms are sectors offering greater promises to industrialists.
Abdullah and Rahul Gandhi were speaking at a high-level interaction session organised between entrepreneurs of Jammu and Kashmir and industrial houses of the country here.
Ratan Tata, chairman of the Aditya Birla Group K.M. Birla, chairman of HDFC Limited Deepak Parekh, chairman of Bajaj Auto Limited Rajeev Bajaj and managing director and CEO of Team Lease Ashok Reddy were present in the interaction session.
Even as cases of financial fraud are dotting cyber space across the world, Indians seem more forthcoming in giving out their personal information for personalised services.
Footwear major Woodland, owned by the Aero Group, is looking to re-position its sub-brand 'Woods' in the luxury footwear segment, focusing primarily on women's footwear, a top company official said Friday.
Global ratings agency Standard & Poor's said its outlook on India remained negative and there was a one-in-three likelihood of a downgrade within the next 12 months.
US industrial production, an indicator of the output of mines, factories and utilities, dropped 0.5 percent in April, US Federal Reserve reported.
Two Indian IT firms are feeling the heat of the recent $ 45 million global ATM heist.
Pleading guilty to 'felony charges' relating distribution of adulterated drugs made at two India units, the US subsidiary of Ranbaxy agreed to pay USD 500 million.
from Hindustan Times
An Indian-origin board member of the influential UK India Business Council said he is rethinking the role of off-shore tax havens in the current economic climate.