Manufacturing

Commerce and Industry Minister Piyush Goyal has told the US-India Strategic Partnership Forum (USISPF) that Indo-US relationship is at their “best ever” now and trade relations between the two countries have a huge potential which is yet to be tapped.

Petroleum and Natural Gas Minister Dharmendra Pradhan has invited investing Companies to bring technology, capital and good business models to India.

Ethical living is a crucial trend currently influencing consumer preferences and driving new product development in soft drinks in India, according to global market research company Euromonitor International in its webinar ‘Megatrends shaping the soft drinks market in India’.

The government is making some realistic decisions for US businesses planning to relocate out of China, making India a competitive next destination, underlining the market potential based on huge domestic demand and export potential.

The India-US bilateral defence trade is expected to reach US$18 billion by year-end and the US is committed to strengthening its partnership with India while furthering military-to-military relationships and cooperation.

The India frozen pizza market is expected to grow at a CAGR of 14.8% during the forecast period 2019 - 2027, to account to US$1.84 billion from US$550 million in 2018.

President Ram Nath Kovind said that the Philippines-India business story is an encouraging one with the real gain being collaboration in the IT-BPO segment.

The current export of US$17.6 billion does not reflect the true potential of trade between India and Japan which has untapped potential worth more than US$3 billion, said the President of Federation of Indian Export Organizations (FIEO).

The Defence Research and Development Organisation (DRDO) has signed 30 licensing agreements for Transfer of Technology (ToT) with 16 Indian companies, including three start-ups, at Vibrant Goa Global Expo and Summit 2019, held at Goa University 17-19 Oct 2019.

Cumbria-based Oxley Group maintains a long-term relationship with one of India’s largest corporations, Hindustan Aeronautics Ltd (HAL) supplying its products.