Following PM Narendra Modi’s announcement of a $290-billion package to revive the Covid-19-hit economy, the Indian Finance Minister Nirmala Sitharaman set out to revive the main engines of the Indian economy, increase demand, promote self-reliance and create the right conditions for foreign companies leaving China to invest in India. Announcing a set of bold measures to revive the micro, small and medium enterprises (MSMEs), generate demand in the economy, promote self-reliance, provide relief to employees at the lower end of [...]
UK-based Faradion’s plans to set up a manufacturing base for its sodium-ion batteries for electric mobility, energy storage and mobile applications marks a major win for Make in India. Highlights: UK’s Faradion recently announced plans for an initial 1GW capacity sodium-ion manufacturing base in India. The UK has since become a key green finance partner for India’s renewables mission, including a partner country on a series of India-led initiatives like the ISA. India and the UK also committed £240 million of anchor capital in the Green Growth Equity Fund. There is a decisive shift in [...]
Despite a global recession, India is expected to be among the few countries that will still grow, offering foreign investors an ideal FDI destination as they look to relocate their factories away from China. Highlights: The IMF predicts India’s growth rate to bounce back to 7.4 per cent next year. India can escape recession due to its fewer linkages with global supply chains and its dependence on domestic consumption as the primary driver of GDP growth. India’s large domestic market [...]
As companies across the world re-evaluate their dependence on China, India presents itself as an attractive destination...
From Harvard offering 67 free courses and Nike’s NTC premium workouts to Indian spiritual guru Sri Sri Ravi Shankar’s inspired #LetMenCook challenge — India Inc. Group Founder & CEO Manoj Ladwa explores the many amazing self-development opportunities that will help us get stronger and sharper on the other side of the pandemic. Who among us, at some point, hasn’t wished for a break, a few leisurely days spent away from the cacophony of the everyday? This, however, is not a [...]
The increasing paranoia regarding China opens up several avenues for India and Japan to build a stronger bilateral partnership. Highlights: Japanese PM Shinzo Abe announced a corpus of $2.2 billion to help Japanese firms relocate their supply chain network from China. India tweaked its FDI policy to include China in the list of countries where any investment would need the government’s approval. The Gujarat government is preparing a bouquet of incentives to attract Japanese firms looking to shift from China. [...]
Healthcare and medtech start-ups in India are finding ground-breaking solutions to problems faced in all stages of dealing with the pandemic. Highlights: While the world is waiting to see the light at the end of the tunnel, Indian innovators are trying to stay positive and find innovative solutions to beat the virus. Several healthcare and medtech start-ups like Mylab, GFF Innovations and Accura Polytech are finding ground-breaking solutions for protection, prevention, screening, testing and sanitisation and treatment. The Department of [...]
Dr Parag Khanna prescribes that the new world order is no longer a choice between the US and China. There are probably a number of global developments that Dr Parag Khanna may have predicted, or analysed, but nothing would have prepared him for a world order that is currently preparing to undergo a seismic shift due to a virus. A passionate traveller for work and hobby, Dr Khanna is a distinguished global strategy advisor and an author, at last count, [...]