Business
Best time to invest, innovate and make in India: PM Modi – The Times of India
NEW DELHI: Prime Minister Narendra Modi on Wednesday made a pitch to boost investments in manufacturing in the country, saying, it is the “best time to invest, innovate and make in India”, which should be positioned as a “trusted partner” in the global supply chain. The statement comes when India faces tariffs headwinds from the US, while looking at striking trade agreements and global alliances for pushing the export economy.PM Modi said that led by technologies, such as 4G and 5G in telecom, digital and internet have emerged as the backbone of the country. “Cost of one GB wireless data in India is now lower than price of a cup of tea… (and) India ranks among leading nations in per-user data consumption, signifying that digital connectivity is no longer a privilege or luxury but an integral part of everyday life,” the PM said as he inaugurated 2025 edition of the India Mobile Congress (IMC).Speaking to a gathering of domestic and global business leaders, including Reliance Jio chairman Akash Ambani, Airtel chief Sunil Mittal, and a large number of startups and new-age deeptech companies, Modi said India is today leading with a mindset that is focussed on expanding industry and investment.“India Mobile Congress and India’s success in the telecom sector reflect the strength of the Atmanirbhar Bharat vision,” Modi said, recalling how the idea of ‘Make in India’ was once “mocked by skeptics who doubted India’s ability” to produce technologically-advanced products, citing delays of decades in adopting new technologies during earlier regimes. “The nation has responded decisively. The country, which once struggled with 2G now has 5G coverage in nearly every district. Electronics production has increased six-fold since 2014, mobile phone manufacturing has grown 28 times, while their exports have surged 127 times.”He said govt has been taking steps to make it easier for corporates to invest and expand. “The country’s democratic setup, govt’s welcoming approach, and ease of doing business policies have established India as an investor-friendly destination…”
As governments across the world restricted the movements of their citizens during Covid lockdowns from 2020, people spent more time online. We bought more online and socialised more online, and this brought us closer to the people who want to scam us. At the same time, realistic video impersonations, voices, websites, and texts became more commonplace, and scammers increased their use of social media including WhatsApp.
The conflict in the Middle East has caused rapid price rises for both petrol and diesel.
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Business
NaBFID signs pact with PDCOR to expand advisory support for state projects – The Times of India
The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence, and support for financial closure of projects undertaken by state governments and urban local bodies across India, according to PTI.“This collaboration seeks to enhance access to long-term institutional finance for State Governments and Urban Local Bodies, while strengthening the infrastructure advisory and financing ecosystem,” Rajkiran Rai G., Managing Director of NaBFID, said.He added that the partnership would help both institutions jointly pursue project advisory opportunities, develop replicable financing frameworks, accelerate financial closures and mobilise capital across the infrastructure value chain.Monika Kalia, DMD-CFO, NaBFID, said the tie-up would leverage the strengths of both organisations to provide much-needed advisory support to states and urban local bodies for impactful urban infrastructure projects.Dileep Chingapurath, Chief Executive Officer, PDCOR, said the agreement would address the long-felt need for end-to-end professional support to structure and mobilise sustainable financing solutions, particularly for state governments and their agencies.“Through this collaboration, both institutions aim to enhance the quality of project preparation, mobilise institutional capital more effectively and accelerate the implementation of sustainable infrastructure projects across states and municipalities,” he said.NaBFID is a Development Financial Institution focused on long-term infrastructure financing, while PDCOR is an undertaking of the Government of Rajasthan.
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