3983 debt consolidating 5739
Towards front, in areas related to ease of doing business, this your Company has entered into a Joint promoting start-ups, rationalising the tax structure Venture with the Abraaj Group (Dubai) for Solar ii The Chairman’s Letter to Shareholders Power, Idea Cellular for Payments Bank and MMI Holdings (South Africa) for Health Insurance.
The Power Purchase Agreement has been signed in June 2016 and the commissioning of the plants is expected by the end of FY 2016-17.Overall, the economic STRATEGIC MOVES As part of its growth strategy, your Company has fundamentals are sound.strengthened its portfolio to include – Solar Power, There have also been positive moves on the policy Payments Bank and Health Insurance.This is reinforced by the impending reversal of the interest rate cycle in the US.
INDIAN ECONOMY Against the backdrop of a muted global economy, India’s economy is an outperformer. This would make it the fastest growing among the large economies.The IMF projects global growth to inch up from 3.1% in 2015, to 3.2% in 2016, and increasing to 3.5% in 2017.