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CII signs agreement with Indonesia’s KADIN to promote economic cooperation

New Delhi: India’s Confederation of Indian Industries (CII) on Wednesday signed a Memorandum of Understanding (Mou) with KADIN to promote bilateral economic, trade and technological cooperation between the two nations.

The MoU was signed by the Director General of CII and the Vice Chairman of KADIN will promote technological cooperation, exchange of information/visits on economic and commercial cooperation, support activities for trade promotion, suggest and recommend possible partners etc.

CII announced that it will also open its first overseas office in Jakarta, Indonesia, with its representative from India.

Directors of Himalaya Drug Company also signed a Mou with PT Kalbe Farma to work towards establishing a joint venture company in marketing, establish a research center and local manufacturing.

Prime Minister Narendra Modi is also scheduled to hold public events, including a community interaction with people of Indian origin and NRIs on Wednesday evening along with attending India-Indonesia CEO Forum with President Widodo.

 

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“What does PM Modi want”, asks Arvind Kejriwal as Delhi minister’s residence is raided

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Delhi minister Satyendar Jain was raided by the CBI this morning over alleged violation in the hiring of consultants for a government body that he oversees. Soon after the raids, a furious Arvind Kejriwal, the Chief Minister of Delhi, tweeted: “What does the PM Modi want?”

Officials said five more locations, including residences of PWD officials and other private persons, are also being searched. Jain is already facing probe in a case pertaining to money laundering. The PWD minister, in a tweet, confirmed that the central agency was carrying out searches at his residence.

The search team arrived at the minister’s doorstep a day after the CBI closed an investigation into his daughter Soumya Jain’s appointment as an adviser to the “mohalla clinic (neighbourhood clinic)” project launched after AAP took power in Delhi. Sources say the CBI did not find any evidence to prosecute Soumya Jain.

The agency had registered a preliminary enquiry into the hiring of 24 architects for a creative wing of the PWD through an agency, which reportedly lacked any prior experience, the officials added.

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