Indian Economy News

June 14, 2024

Foreign airlines, realty firms flock to India: 59 new registrations in FY24

Foreign businesses, especially in aviation, engineering, and construction, have increased their operations in India, with 59 companies registering in FY24, up from 50 the previous year.

India targets higher domestic coal production, reduced imports: Government

India plans to cut coal imports and boost domestic production, with 2024 imports expected below 160 million tons, says coal minister Mr. G. Kishan Reddy.

India’s Grade A warehousing supply to top 300 million sq. ft by 2025

India's warehousing sector anticipates exceeding 300 million sq. ft by 2025, with a notable 5% rental increase in the first quarter driven by Pune and NCR.

Indian ship recyclers' revenue seen rising 15% this fiscal: Crisil ratings

Crisil Ratings projects a 15% revenue surge for India's ship recycling sector this fiscal year, driven by the global availability of aging vessels boosting competitiveness against Bangladesh and Pakistan.

APEDA facilitates the first Consignment of MD 2 Pineapples from India to UAE

APEDA, under India's Ministry of Commerce and Industry, achieved a milestone with the first export of MD 2 pineapples to the UAE, boosting India's fresh fruit export sector.

Tata Consumer Products chairman Mr. N. Chandrasekaran highlights India's long-term consumer market potential

TCPL Chairman, Mr. N. Chandrasekaran, spotlighted India's strong consumer market at the AGM, focusing on population growth, urbanization, and rising incomes.