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Aerospace SEZ inaugurated
The country’s first Special Economic Zone dedicated to the Aerospace industry has been inaugurated in Belgaum district. The SEZ situated at Hattaragi, 37 km from Belgaum is promoted by Quest Global, an aerospace engineering and manufacturing company. The SEZ houses an engineering services facility, a precision machining unit and Aerospace Processing India, a joint venture between Quest and Magellan, a processing facility, which is critical for the industry.

Neotel to expand network in South Africa
Telecom services provider Neotel, which is majority owned by Indian conglomerate Tatas, is expanding its network across South Africa.

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Religare plans $500-million pan-Asia fund
After venturing into the private equity (PE) space earlier through a joint venture, financial services provider Religare is now planning to go solo.
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Pranab to visit Saudi Arabia to boost bilateral ties

Finance Minister Pranab Mukherjee is leaving for Saudi Arabia today to attend a meeting of the joint commission formed by the two countries to promote bilateral ties. - India, Switzerland to discuss tax treaty in Nov - FM says will not be surprised, if GST implementation delayed - FM may mull stimulus withdrawal post Q2, Q3 growth - Govt seeks broad consensus to pass reforms bill: FM - FinMin to take up insurance cover for study loans - FM asks ministries to focus on priority sector schemes "The minister would leave today for a single-day visit to Riyadh where he would attend the joint commission meeting (JCM) tomorrow and would be back on Sunday," an official with the Ministry of Finance said. "Many issues would be taken up at the meeting, including development and trade," the official added. The the Joint Commission for economic, trade, scientific, technical and cultural cooperation was formed in 1981. Potential areas for cooperation include the hydrocarbons sector, power, railways, roads, telecom, information technology, biotechnology, pharmaceuticals, consultancy, education, tourism and tourism-related infrastructure. Main Indian exports to Saudi Arabia are basmati,non-basmati rice, tea, man-made yarn, fabrics, cotton yarn, primary and semi-finished iron and steel, chemicals, plastic and linoleum products, machinery and instruments. India"s imports include petroleum and petrochemical products. Saudi Arabia meets about 26 per cent of India"s crude requirements annually, the website said. The total trade between the two countries in 2007-08 was over $23 billion.


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