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India: Leading global manufacturing
On April 11, 2024, the Asian Development Bank (ADB) - following the International Monetary Fund (IMF), World Bank, and Moody’s - raised India’s GDP growth forecast for 2024-25 to 7 per cent from the 6.7 per cent projected in December 2023Read more
Indo-Germany trade alliance: A model of resilience and growth
With a trade history spanning over 500 years, India and Germany share a deep-rooted connection forged through centuries of economic cooperation. Over time, bilateral trade has not only increased but has also led to the discovery of new business and investment prospects by German companies in India and vice versa, says Rajesh Nath.Read more
India’s RE sector receives FDI equity investment of $6.1 bn during Apr 2020 - Sept 2023
Under the extant Foreign Direct Investment (FDI) policy of the Government of India, FDI in renewable energy sector is permitted up to 100% under the automatic route.Read more
Yogi Adityanath promotes 'Make in UP' for aviation sector
Several prominent Indian and international companies, including those from the US, have expressed keen interest in establishing their manufacturing and assembly facilities in UP.Read more
Japan's Marubeni Eyes High-Tech Industrial Park in Karnataka
The ambitious project stands at Rs 28 billion of investmentRead more
Mitsubishi Electric to set up AC, compressor manufacturing facility in Tamil Nadu
The government of Tamil Nadu and Mitsubishi Electric Corporation signed a memorandum of understanding (MoU) to build an air conditioner (AC) and compressor manufacturing plant in India. The 52-acre site will be set up in Thiruvallur District, Tamil Nadu.Read more
India: The beacon of growth
India’s exports - estimated at $ 767 billion - for FY 2022-23 recorded a rise of 14.5 per cent over FY22’s $ 669.65 billion.Read more
Korea to partner Maharashtra for smart cities & villages, SMEs & start-up hubs
Maharashtra State Industries Minister Mr Subhash Desai and KOTRA Vice-President Mr Kim Doo Young inaugurated Korean Expo 2016 at the Bombay Exhibition Centre. Korea is amongst the Top 6 (it was Top 7 in 2015) import sources for India during January-September 2016 with India importing a total of US$ 8.9 billion (-8.7%) as compared to US$ 9.8 billion in 2015 (Jan-Sep).Read more
