China to build an even bigger bubble

China’s Securities Regulatory Commission on Friday approved the launch of stock futures and a trial run of margin trading in an attempt to increase stock prices and boost the nation’s securities markets role in financing economic development,

Read Article...

User

Rubin predicts oil to $100 by year end

Former CIBC World Markets chief economist Jeff Rubin, who predicted the oil surges during the last decade, expects crude to reach $90 a barrel this quarter and surge to $100 by the year’s end.

Read Article...
 

User

Indian government sees Rs1 lakh crore investment in food processing

The Indian government is envisaging an investment of Rs1 lakh crore in the food processing industry over the next five years, a major chunk of which it plans to attract from the private sector and financial institutions

The Union government is envisaging an investment of Rs1 lakh crore in the food processing industry over the next five years, a major chunk of which it plans to attract from the private sector and financial institutions, reports PTI.

The ministry of food processing industries wants to provide a fillip to the agricultural sector and reduce wastage by setting up mega food parks, cold storage chains as well as make investments in research & development and in training of personnel.

"We want to attract investments of Rs 1 lakh crore from the private sector in the food processing industry. Maybe financial institutions will invest about 50% in this," Union minister for food processing industries Subodh Kant Sahai told reporters on the sidelines of a CII Retail Summit in Mumbai.

He said that while the government plans to invest up to 10% in the sector, it would encourage more private and foreign investors to participate.

Mr Sahai said that the ministry has floated Expressions of Interest (EoIs) for setting up a total of 30 mega food parks across India by the end of the 11th Five Year Plan (2007-2012).

"Our allocation for the 11th Five Year Plan is Rs5,000 crore with a plan of setting up 30 mega food parks. We also want to set up cold storage chains to reduce rotting of agricultural produce. Ten mega food parks are already sanctioned, of which six are operational," Mr Sahai said.
 

User

COMMENTS

Shadi Katyal

7 years ago

We continue to read such statements year after year but I doubt if anyone is serious. This kind of development has been talked for past 5 years and yet it lacks. WHY
NRI are interested in investment but ther are so many road blocks and redtape that return of investment in other countries is better. Talk is cheap.
Why do we need Ministry of Trade or Industry while other develope3d nations have this keft to states . How much money one must spend to grease the hands of peon to Minister.
Have we forgotten Dhabol Electric Project???
We should be ashamed even a small nation like Thailand has more latest such industry but we talk and talk.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)