New Delhi-based apex industry body, the Confederation of Indian Industry (CII), has proposed the creation of an India Development and Strategic Fund (IDSF), a sovereign-backed institution to finance the long-term growth, resilience, and global economic security of the world’s fastest-growing major economy. A sovereign-backed fund is a state-owned investment institution that invests surplus reserves for...
Tag: Viksit Bharat 2047
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Jayant Sinha Calls for Green Growth as ITA Launches India Programme on Clean Industrialisation
The ITA India Project Support Programme aims to unlock demand, de-risk finance, and fast-track projects that can shape India’s leadership in clean manufacturing. A developed India must also be a green India, Jayant Sinha, President, Eversource Capital and former lawmaker, said in an impassioned address on Tuesday. “To become a Viksit Bharat (developed India), we...
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India Flags Third VLGC ‘Shivalik’ as Maritime Push Gains Momentum
The minister also confirmed that the state-owned Shipping Corp. of India is working with oil PSUs to aggregate demand for 112 vessels and form a joint venture for long-term fleet augmentation, an initiative that could save India up to $75 billion in foreign exchange annually paid to foreign shipping lines. In a major boost to...