Imports

India will have to play deft diplomacy in managing relations with Iran and the United States as well as demonstrate strategic autonomy of decision making in handling Washington-imposed sanction on Iranian oil.

In a bid to contain China in Asian waters, Japan and the United States persuasively got India into the Indo-Pacific region, according to a book “India's Eastward Engagement: From Antiquity to Act East Policy”.

Petroleum and Natural Gas Minister Dharmendra Pradhan has assured on 23 April 2019 of additional crude oil supplies to Indian refiners following Washington threat of sanctions if dealings with Iran is not stopped from 1 May 2019.

Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY) has entered into a definitive agreement to acquire a portfolio of 42 approved, non-marketed Abbreviated New Drug Applications (ANDAs) in the United States.

The Vice President, M. Venkaiah Naidu, has called for the promotion of new and renewable energy in a big way, not just to ensure energy security but also protect the climate and reduce pollution.

India has a golden opportunity to cement recent economic gains by becoming more integrated in global value chains, says the Asian Development Bank which puts the country’s economic growth at 7.2% for current fiscal year.

Commerce Secretary Dr Anup Wadhawan has expressed the hope that India, European Union and Oceania countries will be able to overcome trade issues and, in the near future, come to an understanding and reach some sort of formal agreement.

India’s milk processing industry is expected to expand at a compound annual growth rate (CAGR) of ~14.8% between FY 2018 and FY 2023, reaching Rs.2,458.7 billion.

The Indian ceramic tiles market is expected to reach Rs.501.7 billion by the end of 2023, expanding at a compound annual growth rate (CAGR) of 13%.

Tokyo’s NTT DATA has named Pune-based FlytBase the Open Innovation Contest 9.0 champion for developing the world’s first Internet of Drones (IoD) platform for easily deploying intelligent drones connected with cloud-based business applications.