Danish energy efficiency manufacturer Danfoss A/S' $3.3 billion global acquisition of power management company Eaton's hydraulics division is expected to conclude by the end of this year, said a top official of Danfoss India. Danfoss India will be investing Rs 25 crore (3.1 million euro) in expanding production here and targets to close 2020 with a turnover of Rs 2,000 crore (250 million euro). The 6.3 billion euro turnover Danfoss business segments are classified under power solutions, cooling, drives and heating and it supplies components and systems for original equipment manufacturers.

India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a 40-page initial draft, India's finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government. The draft proposal is aimed at diffusing investor mistrust around the sanctity of agreements, which has worsened recently.

India took a huge stride in improving its ease of doing business, climbing 14 notches to clinch 63rd place in the list of 190 countries, according to the World Bank’s Doing Business Report, (DBR) 2020. India also remained among the world’s top 10 improvers for the third consecutive year. China too made it to the list. India’s ranking has improved 79 places in the past six years from 142 in 2014.

The Department for Promotion of Industry and Internal Trade (DPIIT) is in the process of setting up of a mechanism to handhold investors and help them set up their facilities in India. DPIIT Secretary said that the proposal is being sent to the Commerce and Industry Minister for approval, following which it will set up an investment promotion and facilitation agency Invest India. It will be funded by the DPIIT.