Germany signed 18 deals with India including Solar Project

Germany’s Chancellor Angela Merkel visited Bengaluru on Monday night and assured to invest Rs.14600 crores in India. She took 3 days tour to India. She flew from New Delhi to Bengaluru on Monday night. She talked with Prime Minister Narendra Modi for 3 hours and various agreements were signed between them. Prime Minister Modi and German’s Chancellor Angela Merkel attended the business forum organized by IT group NASSCOM and Frauenhofer institute. They have addressed the event and made the ties in 18 deals promoting Modi’s dream projects “Make in India” and “Digital India” campaign. Two nations have made 18 deals on various businesses worth Rs. 14600 crores including Solar energy projects. They have signed agreement about the Indian and German languages teaching in their countries. In India, German will be taught in central schools and Germany will carry out teaching Indian languages. Merkel said “German engineering and India’s IT expertise are fused here in Bengaluru”. She also said Germany is the most trading partner for India among European countries and it already has trade worth of Rs.1.16 lakh crore in 2014. She said more than 1600 German companies are active in India. She also invited Indian investor to Germany that

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Mudra Bank Comes on Roll to benefit Micro and Small Business

Mudra Bank aims at funding Small and Micro Entrepreneurs. Mudra (Micro Units Development and Refinance Agency) bank started on April 8 this year to support the small entrepreneurs who were in need of the finance to start or develop their business. Most of the small or micro firms do not get full support of the banks. Many do not get the loan for their business even though they are qualified to get the amount. They go far the private banking sector or financiers and get money for high interest and they were struggling to pay the interest amount. The sources say only 4% of small/micro entrepreneurs get benefited through the present banks. Modi government have started Mudra Bank already funded Rs. 20000 crores to over 3.7 micro and small business. Finance Minister Arun Jaitley expects the fund will rise to 1.2 lakh crores to 12.5 million entrepreneurs. Across the nation many branches of Mudra bank have emerged and it started functioning as the subsidiary of SIDBI and IDBI banks. Its model will have the advantage over these two banks and will be aimed at funding the unfunded small business. Mudra Bank will also responsible for refinancing small finance banks that

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India’s PM Modi Visits Silicon Valley and meets Business Giants

This is the first time of Indian Prime Minister to visit Silicon Valley in more than 30 years. He spreads “Digital India” Vision and gathers wide support. America’s leading companies and software companies including Google, Facebook, Apple, Tesla, Qualcomm and Microsoft. The leaders of these companies were agreed to extend their help in Digital India. Meet with Apple CEO Tim Cook Prime Minister Modi had invited Apple to set up the manufacturing unit in India. Apple CEO Tim Cook had given his positive response for this. Modi mentioned huge opportunities in India to him and Cook replied India fits in long term plans. Cook said people will become part of the company when using the app development tools. He expressed his interest to be a part of Digital India. Meet with Facebook He attended question and answer section at Townhall event in Facebook HQ with Facebook CEO Mark Zuckerberg. He spoke in Hindi and answered for number of questions like India’s development, women’s empowerment, social media and his family. Meet with Google Google had agreed to set up free information service at 500 railway stations in India. Google search engine from next month onwards has the option to type in

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Review of Global Investor Meet in Tamil Nadu by Expert

AIADMK recently have collected the review of the economic expert and who has been worked as a principle advisor of Reserve Bank R Kannan about the Global Investor Meet (GIM 2015). GIM has been conducted on 9th September, Business giants from all over the world have attended the meet and Tamil Nadu fetched Rs. 2,42,160 crores more than the targeted. Regarding this how the economy changes in Tamil Nadu in upcoming years was asked to Kannan. Mr. Kannan explains about the benefits of GIM in future and it is given below. This is very important time for Tamil Nadu; this large investment is unprecedented thing until now in Tamil Nadu. It is the hope for the future and it likely to turns as the basic foundation investment of Tamil Nadu. Moreover this investment is not at one city like Chennai, the investment is shared all over Tamil Nadu mainly in south districts like Madurai, Tuticorin and Thirunelveli. People who are migrating to the metro cities like Chennai from Southern regions have the opportunities to work in their native place. Moreover these companies have plans to invest in the infra structure that makes the backward region to develop and it creates

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Highlights in Tamilnadu GIM 2015

Key Points in Tamilnadu Global Investors Meet 2015 Tamilnadu attracted more than 1000 delegates overseas and 4000 delegates in India. Tamilnadu fetched double the times of Target of about Rs. 2,42,160 crores. In which half of the percent is proposed to South Tamilnadu. Of the total investment nearly 50% is in manufacture unit. Out of this nearly half of investment is racked by South Tamilnadu. Tamilnadu which is in Top 10 position in automobile hub will turn into world’s largest car manufactures. Solar power project and renewable energy projects owned Rs. 35,356 crores. Ten Thousand Micro, Small and Medium scale enterprises also proposed investment of Rs. 16,533 crores. HCL have expands their projects and proposed $1 billion to invest in South Districts Madurai and Thirunelveli. Uber signed MoU with the Tamilnadu government to create 30,000 entrepreneurial opportunities for independent driver partners and foster technological innovations. Tamilnadu government assured investors to make clearance to license the industries within 30 days of the application submit. Top business heads of various International concerns in Tamilnadu shared their views and their developments in the state. MoU agreement is also made for the Agricultural and food processing sector, hand loom and textiles and in developments

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Tamilnadu Fetched more than the Target at Global Investor Meet 2015

Global Investors Meet 2015 two days event held at Chennai Trade Hall. From 15 countries 1000 delegates have taken part in this meet and from India 4000 members participated in the event. Totally 5000 members graced the event and Cm Jayalalitha inaugurated and addressed the audience. Tamilnadu set the target of Rs. 1 lakh crore from the investors. At the end of day one Chief Minister said investment in Tamilnadu exceeded the target amount. Day two had the 2 sessions and 5 seminars in each session. Seminars focused on the Micro, Small and Medium scale enterprises, enabling infrastructure in Tamilnadu, Tamilnadu Vision 2023, there is also seminars conducted in Agro and Food processing sectors, Electronics and Hardware and investment in IT/ITES sector. On the end of day two Chief Minister Said “I am extremely happy to inform you that the total investments finalized during the GIM is an unprecedented Rs. 2,42,160 crores”. CM also added that our government could come out of the policies that will attract the investors in Aerospace and Defence sectors. The investment has exceeded double the target and it also exceeds the cumulative investment over the period of time from 1991 to 2011. She also stated

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External factors Affects the Indian Stock Market

Indian Stock Market Declines, Investors Lose up to 7 lakh crores Rupees. India has sufficient Foreign Exchange Reserve Says RBI. On Monday, there is a steep fall of share value in Indian Stock Market. Reacting to this the Finance Minister Arun Jaitley said External Factors are responsible for this fact. No single domestic factor is involved. Indian Stock market fall is completely based on the external factor. This Stock Market situation is keenly observed by the Central government and by the Reserve Bank. This is happened because of the China Yuan value went down.  This is only a temporary one and it will be settle down soon. Reserve Bank of India Governor, Raghuram Rajan states that Indian Economic status is in good condition. India has sufficient foreign exchange reserve of about 25 lakh crores Rupees. The decline in China money value and also due to America increase in interest rate the Asian countries faces the heavy fall of stock market. This leads to the Share holders to lose up to 7 lakh crores Rupees. Early Indian Stock Exchange Sensex gone down by 1,741.35 points and closed at 25,624.72 points and this is a third heavy falling in about 7 years.

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Prime Minister Narendra Modi Tour to UAE

Prime Minister Narendra Modi took a 2 days tour to United Arab Emirates on August 17th. This trip is considered important for India to create strong bond in relationship and in business between the Nations. Mr. Modi was received by the UAE Crown Prince and 5 brothers. Prime Minister stays in Abu Dhabi. This trip is considered most important due to the wealth of UAE that has the power of investing in India that has the potential. Mr. Modi says there is a vast opportunity in India having 125 crores people as its great strength, more over infra structure in India and vast lands creates the opportunities for the UAE business investments. UAE has the supreme wealth fund of about $800 billion and other two neighbors Saudi Arabia and Kuwait also have excess wealth fund of about $671 billion and $592 billion respectively. Mr. Modi states to UAE that India has the potential for $1.3 trillion investment. He discussed about the investment with UAE officials. UAE assured to invest Rs. 4.5 lakh crores in India. Mr. Modi gave an electrified speech in the cricket stadium at Dubai. The stadium crowded over 50000 people and many thousands of people crowded outside

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