Obstacles in development of SEZs will be removed.
After years of giving free passes to counterparts from Korea, Japan, US in the Indian auto market, Chinese automakers had planned a major push to grab the fifth largest car market in the world. But the shutdown of factories and logistics hubs in the country following the outbreak of coronavirus is slowly constricting the business of Chinese auto majors which have recently entered India.
The government on Wednesday assured domestic and global auto companies all help such as granting SEZ status and a re-look at tax structure for setting up testing centres and manufacturing plants in a bid to make India the automotive hub of the world.
Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G services that are affordable and available everywhere. Ambani, whose four-year-old telecom venture Jio has captured the No.1 spot offering free voice calling and data at dirt-cheap rates, also pitched for developing hardware manufacturing in India, saying the nation cannot rely on imports in such a critical area. 5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices. India, he said, is today among the best digitally connected nations in the world.
Even though North America still accounts for 60 per cent of Infosys's revenue, the company is starting to see good growth in Europe, which contributes around 25 per cent to the company's top line. Even Australia also has emerged to be a strategically important market, with a contribution of 10 per cent to the overall revenues.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.
However, some of the provisions in the draft Bill needs scrutiny, as these could scare away international investors
The proliferating flyovers, eyesores every one of them, merely redistribute traffic to new choke points.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The 'Missing link in India's Act East Policy', as India's former foreign secretary Shyam Saran calls it, needs to be filled sooner rather than later, says Dr Rahul Mishra.
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
Extend tax holiday for refineries in private sectors, reduce excise duty on Naphtha from 16%, exempt excise duty for captive consumption of intermediate products within the refinery for manufacture of exempted products.
Though the mandate is seen largely an outcome of Banerjee's welfare schemes, she has promised to industrialise at a faster pace, or so read the manifesto.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Set up in partnership with Compal Electronics, the facility in Greater Noida will have an initial capacity of 60,000 units a month. This will be ramped up to 2,00,000 by the end of December.
Bengaluru has been ranked among top 20 technology-rich cities in the world in a survey done by Jones Lang LaSalle.
Migrant workers are leaving Gujarat, PM Modi's home state, as they have no work.
The company's new engine and transmission plant in Chennai, set up at an investment of $250 million, would have a capacity of 2.5 lakh units per annum. Overall, the company has invested $421 million on the Kappa project over a period of 48 months.
The policy aims to create around 5,000 startups, including 10 global high-growth startups, and to create a minimum of 100,000 high skilled job creation, direct and indirect, in the startup ecosystem by 2023.
'An economic slowdown affects a country's ability to modernise its defence capabilities as rapidly as possible.'
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The request for relaxation came from large manufacturing units which have stated that the move would help facilitate manufacturing processes and augment exports.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
Industry believes economy could grow well but worries about hampering by lack of infrastructure.
The government has to cover a lot of ground if it wants to achieve the target of generating 10 million new jobs in the sector over the next three years, says Shyamal Majumdar.
Rajnath also pitched for incentives in defence manufacturing, Singh said foreign companies are not only interested in investing in India but also ready to transfer technologies.
India's biggest challenge is to bring in more first time buyers, says Maruti MD Jagdish Khattar.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
Toyota has capacity to manufacture 310,000 vehicles at its two plants located near Bengaluru
WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.
Nokia is one of the leading telecom equipment manufacturing companies in India
It is not without reason that Japanese consumer electronics companies such as Sony, Panasonic, Hitachi, Daikin and Sharp are investing significant sums in India.
World's 300 largest metropolitan economies account for nearly half of global economic output.
His views are expressed in the soon-to-be published "Advantage India: From Challenge to Opportunity", one of the last books written by Kalam
Prime Minster Narendra Modi's op-ed in the German daily Frankfurter Allgemeines talks about development, New Age India and his 'Make in India' campaign. Here's the complete text of the column.
