The state government has succeeded in wooing the investors in a big way under the leadership of Bommai with able cooperation from Industries Minister Murugesh Nirani and IT, BT Minister C NAshwath Narayan. Today was Bommai's third day at the WEF meet, during which he had had interactions with a number of business leaders from across the world.
CEO of Ingka Group, of which Ikea is a part, Jesper Brodin on Wednesday met Karnataka chief minister Basavaraj Bommai at the World Economic Forum Meet in Davos, Switzerland, and held discussions in the backdrop of the store-opening.
State-run Coal India will open this year what is expected to become one of the country's biggest coal mines, officials said, as India struggles to keep pace with surging power demand.
India is the world's biggest producer of sugar and the second biggest exporter after Brazil. The move by India, according to experts, has the potential to impact prices worldwide.
This will be part of the government's revamped skills programme, called Skills India Mission 2.0, which, according to the official, is expected to be unveiled in July, six years after the launch of the programme in 2015.
The government on Tuesday announced a curb on export of sugar beyond 100 lakh tonnes (MTs) during this sugar season ending September. The government said this has been done considering the high increase in exports of the sweetener in the past few months.
Tata Steel is concerned New Delhi's sudden decision to impose an export tax on some steel products could force it to review its production targets, if the levy remains in place for a long time, its CEO told Reuters on Tuesday.
Amid a crushing coal crunch, India’s largest electricity producer NTPC is looking at ramping up Black Diamond production by 86% to 26 million tonnes (mt) from its captive mines in the current financial year, even as the power ministry has raised the requirement of domestic coal for the sector by 10% to 742 millions tonnes.
