INDIA > India Based Sriam Labs Acquired by Laurus Lab, a Subsidiary of Aptuit, a US Based Pharmaceutical

sriam_logo The Foreign Investment Promotion Board of India just approved the downstream investment into Sriam Labs Private Limited (‘Sriam Labs’) by purchase of 10,368,455 equity shares at Rs. 10 (Indian Rupees) each representing 73% of fully paid-up equity share capital of Sriam Labs from the existing shareholders for a total consideration of an amount of Indian Rs. 22.99 Crores (US$ 3.4 Million). 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 > Macmillan Publishers International UK to invest in India

Macmillian Macmillan Publishers International UK to invest in India On July 10th, 2016, Foreign Investment Promotion Board (FIPB) has approved FDI proposal of Macmillan Publishing International to invest Rs. 28.20 Crore (approx. $4.2 Million) into a fully owned “new company” to be incorporated in India. Macmillan Publishers is a global trade publishing company, owned by Verlagsgruppe Georg von Holtzbrinck “Holtzbrinck Publishing 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 > Malaysian giant acquires 80 per cent stake in Ncell for 1.36 billion US dollars

Axiata In the biggest ever corporate deal in Nepal’s history, Malaysia-based Axiata has agreed to acquire 80 per cent stake in Ncell, the country’s largest private cell phone service provider, for $1.365 billion (Rs 145.40 billion at today’s exchange rate of Rs 106.52 per dollar). Axiata Group Berhad (Axiata), through its wholly-owned subsidiary, Axiata Investments (UK) Limited, today entered into a More …

NEPAL > Nepal approves $ 140 mn proposal by Chinese cement firm

China-huaxin Nepal has approved a USD 140 million investment proposal by a Chinese company to set up a cement plant in the country, the second largest FDI proposal in the sector from China to Nepal. The Investment Board Nepal (IBN) in a meeting chaired by Prime Minister K P Sharma Oli yesterday, approved the proposal of China’s Huaxin Narayani Investment to More …

NEPAL > InvestBank Acquires Equity Stake In Asian (Nepali) Hydroelectric Projects

Investbank LAS VEGAS, Sept. 1, 2015 /PRNewswire/ — InvestBank Corp., the global investment bank headquartered in the United States of America, has acquired a 70% equity stake in the 440 MW Tila-1 hydroelectric project and the 420 MW Tila-2 hydroelectric project in the South Asian country of Nepal. InvestBank is working in cooperation with S.C. Power Company Pvt. Ltd. to develop More …

NEPAL > Belgian Company – BIO – enters Nepalese hydropower market

bio_logo Belgian Investment Company for Developing Countries (BIO) has entered into Nepalese hydropower. It is going to invest US $ 20 million in the 82 MW lower Solu hydropower (one of the super six projects) developed by Essel Clean Solu Hydropower Private Limited. It is participating in a loan arranged by the Dutch development bank, FMO, under the risk sharing agreement More …