Indian companies are likely to increase investment in innovation in the coming year.
Backed by the 'China Plus One' sentiment globally, India's textile exports is expected to grow by 81 per cent to $65 billion by 2026 from the pre-Covid level of around $36 billion in 2019, said a report by the Confederation of Indian Industry (CII) and global consulting firm Kearney. This jump is likely to generate 7.5-10 million new jobs. A large chunk of this targeted increase, or around $16 billion may come from the China Plus One sentiment due to India's relatively large strategic depth compared with Vietnam or Bangladesh, the report said.
Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.
An 80-member strong Indian delegation from the Confederation of Indian Industry will participate in the World Economic Forum's Annual Meeting in Davos, Switzerland, from 23-27 January 2008.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
India's exports slid for the 11th straight month in August by 19.7 per cent to $14.3 billion as global demand for merchandise remained sluggish.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
Minister of State for Commerce and Industry E M Sudarsana Natchiappan said the industry should reach out to people of those areas where they propose to set up projects and explain about the advantages locals can have in terms of employment and development.
Somers said, "Number one, the message has to be that now we are living in a global economy and that a knowledge partnership with India is enabling our American companies team with their Indian partners to remain globally competitive."
The UK government is under increasing pressure on Monday to review its COVID-19 vaccine protocol in place for travellers from India, after its updated rules effective from next month failed to recognise Indian vaccines under an expanded list of countries.
Confederation of Indian Industries said on Monday that the economy has shown clear signs of a turnaround over the last four quarters with sales
The study titled, 'Indian Roots, American Soil: A Look at Indian Companies in the US Economy,' was released at Capitol Hill in Washington, DC on Wednesday at a ceremony attended by several US lawmakers from both the Senate and House.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
He reaffirmed the government's commitment to resolving any outstanding issue in the way of growth and development of indigenous defence industries.
Intel is chipping in with its own recipe for inclusive growth in India by planning to train one million Indian teachers in the next two years.
Take the Rediff Business Quiz and find out how much you know about the Confederation of Indian Industry.
Rakesh Mohan, Secretary, Department of Economic Affairs, on Tuesday pointed out that the Indian economy was on the move with the gross domestic product growing at about 7 per cent last year and investment levels in the country also going up.
The company had last year said that it would begin selling its XC90 and S80 models in India by the end of 2006 or early 2007.
Only 39.5 per cent of graduates in India are employable and the challenge is to bridge the human resources gap by providing skills training to the other 60 per cent, says a Confederation of Indian Industry-Aspire report released at the 'Skills World 2008' summit organised by the CII and Aspire on Friday.
Cannes jury member Aishwarya Rai was the star at the party hosted by the IN Network.
CEO pay is not always the function of performance.
With the government all geared up to open up the pension sector, Dutch financial powerhouse ING Group on Thursday expressed its desire to foray into the long-term savings business but sought easy entry norms.
Acknowledging that the rupee appreciation has created some problems for exporters, the government on Tuesday assured the textile industry of addressing all its legitimate concerns to generate more employment. "I am aware that the strengthening of the rupee has created some strains for our exporters," Prime Minister Manmohan Singh said at the golden jubilee celebrations of the Confederation of Indian Textile Industry.
Former Arsenal manager and world governing body FIFA's current chief of global football development, Arsene Wenger will play a role in Indian football's grassroots programmes and talent development.
Govt has done away with the need to secure crucial permits.
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Industry's demand for a reduction in the repo rate, currently 8 per cent, has gained momentum after wholesale and retail inflation eased in February.
Jamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 86. "The Steel Man of India passes away. It is with profound grief that Tata Steel informs of the demise of Padma Bhushan Dr Jamshed J Irani," Tata Steel said in a statement. He passed away on October 31, 2022 at 10 PM at TMH (Tata Hospital) in Jamshedpur, it said.
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
The Confederation of Indian Industry will launch a Web site on India-China economic cooperation next week, coinciding with Prime Minister Atal Bihari Vajpayee's visit to that country.
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.
"If we think that China is a security threat and Chinese think that India is not going to open up certain sectors for them, the economic relations between the two countries would not go far," he said.
Mutual fund houses do have several challenges ahead to win more investors.
'Economy is leading the way as far as the relationship between the two countries is concerned'.
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