Indian Railways has awarded contracts to General Electric Co. (GE) and Alstom to set up diesel and electric locomotive factories in Bihar at a cost of about Rs.40,000 crore. The award of the contracts, will mark the first big foreign direct investment in the railway sector. The projects, which will be ...

News: The government opened up 15 sectors  in a bid to push up reforms, allowing 100% FDI in sectors such as completed construction projects, some plantation sectors, cable networks, direct-to-home (DTH) services and some air transport activities. Details: Upto 49% FDI will now be allowed in the defence sector under ...

Jharkhand’s Industrial Policy was created with an aim to enhance value addition of the natural and human resources of the state to create additional employment opportunities. The basic objective of the policy was to utilize the available resources in planned and systematic manner for industrializing the state. Objective: To convert ...