Investment

China’s Alibaba is aiming for a significant presence in India’s Cloud market projected to reach US$7 billion by 2022 but there is trust-deficit especially in managing commercially critical data.

Prime Minister Narendra Modi and his government were sworn in on 30 May 2019 for a follow on second term with a decisive majority in the election, but market analysts see a wide range of economic challenges.

Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates since earlier this year.

Foreign direct investment (FDI) slipped by 1% to US$44.37 billion for 2018-19 in India, a first time in six years, said the Department for Promotion of Industry and Internal Trade (DPIIT).

New York’s UiPath aims to collaborate with 500 Indian institutions to train 500,000 students by 2022 by conducting courses free in its globally deployed Robotics Process Automation (RPA) solutions.

Tata Communications has launched its Internet of Things (IoT) marketplace, a first-of-its-kind, initiative in India to strengthen and accelerate the country’s growing IoT ecosystem.

Assistance for SC/ST entrepreneurs       The National Small Industries Corporation Limited (NSIC) has signed a Memorandum of Understanding (MOU) with Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2019-20 for skill development. The MOU, signed...

Goldman Sachs said it has opened a new office in Bengaluru, a hub for India’s Information Technology which is expected to grow to US$350 billion industry 2025.

Build Infra-improve ease of doing business   India, with a large consumer market, is in a favourable position to attract Foreign Direct Investment (FDI) to a ratio of 1.5% to 2% of its Gross Domestic Product (GDP), up from the...

Arora calls for short-term/long-term plans Arora welcoming industry stakeholders at the seminar.   The Indian Register of Shipping (IRClass), a leading ship classification society, recently hosted a seminar in which industry stakeholders discussed the impending 2020 IMO fuel sulphur regulation...