December 12, 2019: The UK government-owned development finance institution, CDC Group announced a $36 million equity investment in the tech-enabled Indian logistics company, Ecom Express.
Ecom Express has a network reaching over 90% of India’s population, with more than 85% of its presence in Tier 2/3/4 cities and hinterlands.
I am delighted that, through our expertise in impact investing in support of the UN’s Sustainable Development Goals, we will be adding value far beyond our capital contribution.
We are dedicated to responsibly investing our capital in India, with over $1.7 billion currently committed to local businesses.
We have the same amount again to invest over the next few years and look forward to working with many more businesses that are as environmentally and socially conscious as Ecom Express”.
Krishnan, co-founder and chief executive officer, Ecom Express said, “We are truly delighted to welcome CDC as our partner.
December 12, 2019: CDC Group, the UK’s development finance institution and impact investor in South Asia and Africa, has announced that it has closed a $36 million equity investment in Warburg Pincus-backed Ecom Express, one of the fastest-growing tech-enabled end-to-end Indian logistics company.
Ecom Express is renowned for its speed, safe and reliable nation-wide express delivery services for the e-commerce industry.
We are dedicated to responsibly investing our capital in India, with over $1.7bn currently committed to local businesses.
We have the same amount again to invest over the next few years and look forward to working with many more businesses that are as environmentally and socially conscious as Ecom Express."
This will be complemented by a distinct focus on increasing the number of employed women in the workforce, bringing further diversity.
T A Krishnan, co-founder and CEO of Ecom Express said, “We are truly delighted to welcome CDC as our partner.
In the last three years, the civil aviation industry in India has emerged as one of the fastest-growing industries in the country.
India is now considered the third-largest domestic aviation market in the world and is expected to overtake the United Kingdom to become the third-largest air passenger market by 2024.
Some of the key investments and developments in India’s aviation industry include:
In the next four years, India’s aviation industry is expected to witness Rs 35,000 crore (US$ 4.99 billion) investment.
By 2026, the Indian government plans to invest US$ 1.83 billion as a part of the development planning of airport infrastructure along with aviation navigation services
In January 2019, the Government of India began working on a blueprint to promote domestic manufacturing of aircraft and aircraft financing within the country.
The Infrastructure Platform The Development Market And Smart cities
The infrastructure continues to be within the developing stage during this region, displaying a significant chance for good infrastructure preparation, driving the demand for the market.
The Indian government has allotted USD seven.6 billion for upgrading the good cities till 2020. the most important constituent of good town initiative is developing an efficient quality and Transport System, providing a spread of transportation solutions.
They provide larger flexibility, quicker transactions, and dependability by providing access to new payment sorts.
Moreover, the growing demand for connected cars because of factors, like quick net speed and therefore the emergence of IoT, more drives the good transportation trade growth.
for example, in 2017, Warren Buffett endowed USD ten billion for delivery concerning developments within the U.S. airline trade.
STEM subjects already lose universities £1,400 per student
Funding for scientific research could be in jeopardy if the UK government implements plans to cap tuition fees, peers have warned.
The House of Lords Science and Technology Committee report into higher education funding said the government should make up the shortfall if it cuts the maximum tuition fees to £7,500 per year from £9,250 at present.
That is the current proposal under the Augar Review into post-18 education and funding, intended to address the escalating costs of university education.
However, Lord Patel, chair of the committee, said: "The Augar Review has completely missed the mark by not considering research funding... By ignoring research and cross-subsidies, it has made recommendations which, if implemented, could prove harmful to the already challenging ecosystem of university funding.
"Without adequate research funding, the consequences for the UK will be devastating and the UK risks falling behind other countries.
Many investigations are being held and it is being said that reportedly, Tik Tok is under review by the US government as a national threat to security and a breach of culture due to various immoral videos uploaded on this famous video app every day.
Tik Tok is very popular among US citizens and especially teenagers who indulge themselves deeply into the leisure and casual moments in the app.
This immensely popular video application is famous among loads of teenagers and is owned by China.
How the stock exchange Affects U.S.A. Economy and the other process around
The Stock Exchange News is a wonderful economic indicator for the U.S. economy.
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U.S. money markets square measure terribly refined.
they create it easier to require a corporation public than in alternative countries.
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