Manufacturing

The United States of America (USA) has withdrawn India’s benefits under the Generalized System of Preferences (GSP), a scheme under which India exported US$6.35 billion worth of goods last year.

Growth of India’s eight core sectors has slowed to 2.6% in April 2019 compared to 4.7% a month ago, government data showed on 31 May 2019.

The Indian anesthesia devices market is estimated to register a CAGR of 12.2% during 2019-2024, growing in value to US$975.5 million by 2024 from approximately US$494 million for 2018.

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.

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...

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...

The Competition Commission of India has approved the formation of a joint venture for consumer healthcare products in the country by British pharmaceutical giants GlaxoSmithKline (GSK) and Pfizer of New York.

The Indian Air Force’s formidable workhorse, the Russian made AN-32 aircraft, was formally fleet certified to fly on blended aviation fuel containing up to 10% of indigenous bio-jet fuel.

Prime Minister Narendra Modi, with his government's second term backed by a strong mandate, is expected to put India confidently on the world stage both economically and politically as it progresses on with pro-business reforms and the massive infrastructure development.