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Gujarat's IT/ITeS sector gears up for transformative growth and global collaboration
In the fiscal year 2021-22, Gujarat achieved a remarkable 14% annual growth in IT/ITeS exports. As part of its strategic plan, the state aims to boost these exports to Rs 25,000 crore over the next five years.Read more
India joins Battery Energy Storage Systems Consortium led by GLC
In a collaborative push, India aligns itself with pioneering nations committed to securing 5 GW of BESS commitments by the end of 2024.Read more
India explores global partnerships for indigenous hydrogen-powered trains
The Indian Railways is advancing the creation of a prototype train utilising hydrogen fuel cells, offering a more eco-friendly alternative to traditional diesel locomotives.Read more
India aims to lead global semiconductor industry amidst supply chain challenges
Suraj Rengorajan, Chief Technology Officer at Applied Materials, highlighted India's capability to alleviate the global semiconductor talent at Bengaluru Tech Summit 2023.Read more
Danfoss joins First Movers Coalition, commits to drive global development of sustainable aluminium
The coalition is led by World Economic Forum and the United States (US) Department of State, comprising of 82 members, all global players in their markets. Danfoss commits to at least 10% (by volume) of all primary aluminium procured annually to be low carbon by 2030.Read more
PLI scheme: Need for a course correction
The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more
70% of Indian & APAC warehouses likely to embrace workflow automation by 2024
According to Zebra Technologies’ 2023 Global Warehousing Study, 84 per cent of Indian and Asia Pacific (APAC) warehouse leaders emphasise technology adoption like robotics for employee retention amid labour shortages.Read more
India's safety sector surges to fuel $17.86 billion global market by 2030
Anticipating this upward trajectory, Bata India Ltd established its Industrial division seven years ago to manufacture top-notch footwear for industrial workers.Read more
Standard Chartered report: More than 80% of business leaders remain confident in globalisation
In partnership with Bloomberg Media Studios, the research surveyed business leaders across 20 markets in Africa, Asia, Europe, the Middle East, and North America, to understand the drivers of globalisation and assess overall sentiment.Read more
ITeS industry poised for steady growth amid global challenges
The industry's expansion is expected to be driven by transition to non-voice services within the CRM segment, a surge in digital payments in the transaction services sector, and the evolution of analytics-based offerings in the KPO domain.Read more