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Maharashtra secures investment MoUs worth $ 44 billion at WEF 2024
At World Economic Forum (WEF) 2024, the state was able to attract a total investment of Rs 4.5 lakh crore, with a potential to create about 2 lakh jobs in various sectors including electronics, IT/ITeS, data centers, gems & jewellery, agriculture, auto and renewables.Read more
Inox Air Products, Maharashtra govt ink $3 bn deal for State's First Green Ammonia Plant
This plant is projected to have a capacity of 500,000 metric tons per annum (MTPA) and an estimated investment of $3 billion.Read more
Honeywell CEO unveils growth plan focused on aviation, automation, energy transition
In a noteworthy announcement, Honeywell's Global CEO, Vimal Kapur expressed confidence in the growth potential of Honeywell's business in India, foreseeing a doubling of its size over the next five years.Read more
India emerges as key alternative in China-Plus-One manufacturing strategy
According to a survey of Chief Executive Officers (CEOs), nearly 53% anticipate that India will emerge as an alternative manufacturing destination to China.Read more
India has potential to become a global export hub for green hydrogen: WEF
With affordable renewable energy, India can attract valuable international trade of green hydrogen derivatives, says a report by the World Economic Forum (WEF) and Bain & Company. To boost the country’s export potential, it is crucial to establish recognised standards, improve export infrastructure, and form strategic partnerships.Read more
Nobel Laureate Robert Solow, pioneer in economics, passes at 99
An economist of great renown, Robert Solow received the Nobel Prize in Economics in 1987 for his groundbreaking work in growth accounting, particularly his development of a mathematical model for expanding production.Read more
Red Sea attacks spark shipping disruptions, pose inflation risk
Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more
WEF recognises Schneider Electric’s Hyderabad factory as a sustainability lighthouse
Hyderabad factory is third Sustainability Lighthouse for Schneider Electric. Sustainability Lighthouses are leading examples of how 4th Industrial Revolution technologies deliver greater sustainability and efficiency.Read more
ACG's Pithampur facility joins Global Lighthouse Network by WEF
The GLN, initiated by WEF in collaboration with McKinsey & Company, is a community of manufacturers demonstrating leadership in leveraging Fourth Industrial Revolution technologies to revolutionise factories.Read more
India-Oman free trade agreement set to boost exports, fuelling economic growth
The report, titled "India-OMAN CEPA: Gateway to Middle Eastern Markets and Beyond," by the Global Trade Reproach Initiative (GTRI), outlines the potential impact of the agreement.Read more