For its proposed Global Infrastructure Facility (GIF) that will finance core projects in emerging economies like India, the World Bank is expected to finalise the GIF's shape by next April, says an official in India's Finance Ministry.
During April, overseas direct investment by Indian companies trebled to $7.64 billion, from $1.89 billion in March. As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, data from the Reserve Bank showed on June 13. Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms durin
Logistics cost in India is approximately 14 per cent of GDP, while the number for most developed nations is about 9-10 per cent. On a 1.6 trillion GDP, this represents absolute value of inefficiency and therefore a logistics market potential of over $65 billion.