India Positive - 21 October, 2016
- November 30, -0001
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Mr John Dwyer, Global head of deals, PwC, has stated that India has become the preferred growth market in BRICS based on its favourable political environment and brand of trust.
India and Russia have agreed to enhance their bilateral engagement by signing three memorandum of understanding (MoU) for co-operation in the field of hydrocarbons sector during the India-Russia Annual Summit held at Goa.
India will likely displace the UK to become the third largest aviation market in the world in terms of passengers by 2026, while growing at a compound average growth rate (CAGR) of 3.7 per cent to 7.2 billion air passengers by 2035, according to the International Air Transport Association (IATA).
India and Brazil have signed a bilateral investment agreement, aimed at enhancing cooperation in areas of agriculture, cattle genomics, ship building, pharmaceuticals, defence production, ethanol production and oil and gas, between the countries.
Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping, has stated that India will likely collaborate with Germany for projects worth Rs 1 trillion (US$ 14.96 billion), aimed at enhancing railway connectivity of Indian ports and identifying environment-friendly technology for scrapping of old vehicles.
Ms Nirmala Sitharaman, Minister of State for the Ministry of Commerce & Industry, outlined plans of establishing logistic hubs near sea ports, which is expected to relieve issues around receiving stocks on the seaport and movement of goods inland, and move towards boosting double digit growth in exports.
Prime Minister Mr Narendra Modi has launched the national scheduled caste/scheduled tribe (SC/ST) hub, and the zero defect, zero effect (ZED) scheme for micro, small and medium enterprises (MSME) in Punjab, aimed at promoting enterprise culture and entrepreneurship amongst the SC/ST community.
The NITI Aayog has proposed various reforms in India's agriculture sector, including liberal contract farming, direct purchase from farmers by private players, direct sale by farmers to consumers, and single trader license, among other measures, in order to double rural income in the next five years.
Perto SA, the Brazil-based automatic teller machines (ATMs) and cash dispensing machines (CDMs) manufacturer, inaugurated its first manufacturing plant in India in Jaipur, which is expected to generate direct employment for highly skilled and skilled labor, and generate demand for local quality services and suppliers.
Mr Aymar de Lencquesaing, Co-president for mobile business group, Lenovo, has stated that India has become has become a global major player in smartphones, and outlined plans of growing its presence in the country to reach the top spot, from being number two in value and number three in volume.
India’s exports for September 2016 increased 4.6 per cent year-on-year to US$ 22.9 billion, led by strong growth in exports of Gems and Jewellery (22.4 per cent), Textiles (12.6 per cent), Engineering (6.5 per cent), Handicrafts (23 per cent) and Chemicals (6 per cent).
The Indian dryfruits market is expected to double to Rs 30,000 crore (US$ 4.49 billion) by 2020 in value, and over 1 million tonnes (MT) in volumes, accroding to data from the Royal Dry Fruits Range.
India preferred growth market in BRICS, says PwC's John Dwyer
Mr John Dwyer, Global head of deals, PwC, has stated that India has become the preferred growth market in BRICS based on its favourable political environment and brand of trust.
Three Agreements/MoUs signed between India and Russia in the Hydrocarbon sector; India-Russia Annual Summit held at Goa
India and Russia have agreed to enhance their bilateral engagement by signing three memorandum of understanding (MoU) for co-operation in the field of hydrocarbons sector during the India-Russia Annual Summit held at Goa.
India to become 3rd largest aviation market by 2026: IATA
India will likely displace the UK to become the third largest aviation market in the world in terms of passengers by 2026, while growing at a compound average growth rate (CAGR) of 3.7 per cent to 7.2 billion air passengers by 2035, according to the International Air Transport Association (IATA).
India, Brazil sign pacts to deepen cooperation in agri, cattle genomics
India and Brazil have signed a bilateral investment agreement, aimed at enhancing cooperation in areas of agriculture, cattle genomics, ship building, pharmaceuticals, defence production, ethanol production and oil and gas, between the countries.
Germany to collaborate with India to improve rail connectivity of Indian ports : may also bring in technology for scrapping old vehicles
Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping, has stated that India will likely collaborate with Germany for projects worth Rs 1 trillion (US$ 14.96 billion), aimed at enhancing railway connectivity of Indian ports and identifying environment-friendly technology for scrapping of old vehicles.
Centre to build logistic hubs near ports to boost exports: Nirmala Sitharaman
Ms Nirmala Sitharaman, Minister of State for the Ministry of Commerce & Industry, outlined plans of establishing logistic hubs near sea ports, which is expected to relieve issues around receiving stocks on the seaport and movement of goods inland, and move towards boosting double digit growth in exports.
PM launches National SC/ST hub and Zero Defect – Zero Effect scheme, presents National Awards to MSMEs in Ludhiana; PM dedicates three power projects to the nation
Prime Minister Mr Narendra Modi has launched the national scheduled caste/scheduled tribe (SC/ST) hub, and the zero defect, zero effect (ZED) scheme for micro, small and medium enterprises (MSME) in Punjab, aimed at promoting enterprise culture and entrepreneurship amongst the SC/ST community.
NITI Aayog drawing up blueprint for reforms in the farming sector
The NITI Aayog has proposed various reforms in India's agriculture sector, including liberal contract farming, direct purchase from farmers by private players, direct sale by farmers to consumers, and single trader license, among other measures, in order to double rural income in the next five years.
Brazil embraces "Make in India": Perto/Digicon opens its first ATM machine plant in India
Perto SA, the Brazil-based automatic teller machines (ATMs) and cash dispensing machines (CDMs) manufacturer, inaugurated its first manufacturing plant in India in Jaipur, which is expected to generate direct employment for highly skilled and skilled labor, and generate demand for local quality services and suppliers.
India is one of the ‘three guerrillas’ in the market, says Lenovo's Aymar de Lencquesaing
Mr Aymar de Lencquesaing, Co-president for mobile business group, Lenovo, has stated that India has become has become a global major player in smartphones, and outlined plans of growing its presence in the country to reach the top spot, from being number two in value and number three in volume.
India’s exports grow 4.62 per cent to US$ 22.9 billion in September
India’s exports for September 2016 increased 4.6 per cent year-on-year to US$ 22.9 billion, led by strong growth in exports of Gems and Jewellery (22.4 per cent), Textiles (12.6 per cent), Engineering (6.5 per cent), Handicrafts (23 per cent) and Chemicals (6 per cent).
Indian dryfruit markets to double in 4 years
The Indian dryfruits market is expected to double to Rs 30,000 crore (US$ 4.49 billion) by 2020 in value, and over 1 million tonnes (MT) in volumes, accroding to data from the Royal Dry Fruits Range.
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