Manufacturing

Foreign Direct Invest (FDI) has increased to US$60.97 billion in 2017-18 from US$45.15 billion in 2014-15, Minister of State for Commerce and Industry, C. R. Chaudhary, updated parliament in a written reply on 17 Dec 2018.

France is supporting the Indian government’s ambitious plan for the deployment of electrical vehicles by maximizing solar mobility and minimizing its grid impact.

The landscape of food service retail industry is changing with forecast to have 77 billion transactions in 2022, up by an impressive 28.5% over 2017.

Keep India's stance firm in the context of tariff duties imposed by the US on certain Indian goods so as to send a strong message, Anand Sharma, Deputy Leader of Opposition in Rajya Sabha, has told the country's business leaders.

The 'Digital India' programme, politics-neutral, centre-state-neutral and ideology-neutral, had resulted in large-scale technology adoption, leading India to be a trillion-dollar digital economy in the next two to three years.

A critical driver for higher growth was competitiveness and the proposed new industrial policy aims to achieve this objective for India, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

A World Bank loan of US$200 million is supporting the Ministry of Micro, Small and Medium Enterprises' Rs.2,200 crore implementation of Technology Centre Systems Programme (TCSP) for over 63 million MSMEs in the country.

Finance Minister Arun Jaitley is confident that if the current growth rate is maintained and if India’s global position is retained, the economy will be able to get out of the range of 7-8% growth.

Capital expenditure is likely to slow down due to economic uncertainties in India which goes into an unpredictable General Elections by May next year.

UK telecom group BT and Indian Institute of Science (IISC) has launched a collaborative research centre in Bangalore to generate insight into emerging technologies and develop new generations of products and services.