Investment

COVID-19 costs Indian economy Rs.20trn Indian businesses can expect a promising 2021 as household spending in India are expected to grow by 7.9% year-over-year, having seen a 12.6% decrease in consumer spending during the COVID-19 hit 2020, according to a...

Puri calls for adoption of modern technology The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) will facilitate expansion of processing capacity to generate processed food output of Rs.33,494 crore by 2026-27, according to Sudhir Sitapati, Co-Chairman, CII National...

Expansion will strengthen the group’s retail footprints Malabar Gold & Diamonds, one of the largest gold and diamond retail chains, will open 16 stores in international cities and 40 in India, at an estimated investment of US$220 million. Globally, new...

Electric 4W trucks production from next year Hyderabad's Gayam Motor Works (GMW), a pioneer in the Indian electric mobility space and the largest exporter of electric 3Ws (or e-tuktuks) from India, has announced US$50 million investment commitment from Luxembourg-based GEM...

Hyatt focus on transforming hotel landscape, adding 50+ properties Hyatt Hotels Corporation (NYSE: H) is growing its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023, adding more than...

Indian service providers get access to around 115 sub-sector The India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) came into force on 1 April 2021, covering exports of 310 Indian items and giving preferential market access to 615 products from...

Investors demonstrate confidence in Chennai CSA platform Chennai-headquartered Uniphore, an early leader in Conversational Service Automation (CSA), has raised US$140 million in Series D funding to extend its technology and market leadership in AI, Automation and Machine Learning across the...

Showrooms being planned across India The Swedish home elevator manufacturer, Cibes Lift Group is in talks to open more showrooms across India, having already opened offices in Gurugram, Mumbai as well as Bengaluru, and citing the country's rising household incomes...

Advantage India in promoting value-added products The Union Cabinet has approved the Central Sector Scheme, "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", to support creation of global food manufacturing champions commensurate with India's natural resource endowment and support...

Union budget had strong focus on digital transformation About 50% of the Indian respondents to an international survey on small to mid-sized businesses (SMBs) have sought the government support, with a majority receiving benefits, according to C2FO, the world’s largest...