Technology

J.P. Morgan has announced a US$25 million, five-year, commitment to help low- and middle-income communities in India develop the skills needed by the country’s workforce in the future.

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

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.

Larsen & Toubro Infotech Ltd is acquiring Bengaluru-headquartered Powerupcloud Technologies Pvt Ltd, a fast-growing cloud consulting helping clients across India, Singapore, UAE and USA.  

It is important for India and US to iron out bilateral issues on intellectual property (IP), Narendra Sabharwal, Chair, FICCI IPR Committee, has stressed.

Having helped 310 SME's raise Rs.3,300 crore, the Bombay Stock Exchange (BSE) MD and CEO Ashish Kumar Chauhan has noted the current state of funding for start-ups and MSMEs.