INDIA > Vodafone Invests More Than US$ 7 Billion in its Indian Operation

vodafone-india Vodafone Group Plc, the telecommunication giant based out of London, is pumping US$ 7.15 Billion investment into its Indian operation. The move is largely considered as a signal for Vodafone’s aggressive intent to bid in the spectrum auction that’s set to start October 1st, 2016. Along with Airtel and Idea, Vodafone is believed to be in immense pressure after the incumbent Jio’s More …

SRI LANKA > Bank of Tokyo-Mitsubishi UFJ Expands to Colombo, Sri Lanka

bank-of-tokyo-mitsubishi-ufj-squarelogo Bank of Tokyo-Mitsubishi UFJ Expands to Colombo, Sri Lanka In January of this year (2016), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), the commercial arm of Mitsubishi UFJ Financial Group (MUFG) started its operation at the BTMU Colombo Representative Office. This is the first time a Japanese bank has started operations in Sri Lanka. According to the CEO of BTMU More …

BANGLADESH > Record Net FDI in Bangladesh in FY 2015-16. Amount touches US$ 2 Billion

bangladesh_0 Record Net FDI in Bangladesh in FY 2015-16. Amount touches US$ 2 Billion for the first time According to the latest statistics reported by the Bangladesh Bank, Foreign Direct Investment (FDI) touched US$ 2 Billion mark in the Fiscal Year 2015-2016 for the first time. Fiscal year in Bangladesh runs between July to June. The figure US$ 2.001 Billion is More …

INDIA > IKEA plans 25 stores in India over 10 years

ikea IKEA Group, the Swedish home furnishing company, is planning to invest US$ 105 Million (INR. 700 Crore) on just the Hyderabad store location that spans 400,000 sq feet. It plans to attract 5-6 million customer every year in this particular store. IKEA plans to open 25 other stores in the coming decade while doubling its sourcing from India by the More …

BANGLADESH > 10 Global Companies Contribute Almost Half of Bangladesh’s Inbound FDI in 1st Qtr 2016

dhaka 10 Global Companies Contribute Almost Half of Bangladesh’s Inbound FDI in 1st Qtr. 2016 According to Bangladesh Bank, the 10 companies that contributed to US$ 199 Million inbound investment in Bangladesh are: 1) Chevron (Gas & Petroleum) US$ 42.76 Million 2) Gramophone (Telecommunication) US$ 39.88 Million 3) YKK Bangladesh (Manufacturing) US$ 25.48 Million 4) Standard Chartered Bank (Financial Services) US$ More …

INDIA > Government’s Policy Reform Lead to Significant Increase in Inbound FDI in India, Poised for Further Growth

FDI-India Government’s policy reform lead to significant increase in inbound FDI in India   Over the last two years, the government of India has relaxed its foreign direct investment (FDI) policy and requirement, positively impacting around two dozen sectors including defence, food processing, civil aviation, pharmaceuticals and private security agencies. Coinciding with the “Make in India” campaign to promote manufacturing, design More …

NEPAL > Industrial Promotion Board approves 3 other hydro FDI projects

hydro images KATHMANDU, FEB 16 – Development of three FDI-funded hydropower projects is all set to move ahead, with the Industrial Promotion Board (IPB) on Sunday giving its go-ahead. The 214th meeting of the IPB chaired by Industry Minister Mahesh Basnet cleared a proposal of 92 percent foreign direct investment (FDI) and 8 percent domestic investment in 65MW Kaligandaki Upper Hydro Project. More …

NEPAL > Nepal Investment Board Approves $400 Million FDI in the Cement Industry

Cement Factory Source: The Himalayan Times (November 22nd, 2014) KATHMANDU: As the board meeting of Investment Board Nepal (IBN) has approved the foreign direct investment (FDI) proposal of Reliance Group for an investment of $400 million in a cement plant and limestone mines, IBN has said that it will inform the investor at the earliest about the ‘go-ahead’ from Prime Minister-led board. More …