Indian Foreign Minister S Jaishankar has said India is exploring air corridors between India and five ‘Stans’ of Central Asia to enhance and deepen economic engagement and facilitate trade in perishable goods such as food products and farm produce and position India as a medical tourism destination in the region. Highlights: Central Asia is crucial to India as a source of raw materials such as oil and gas as well as uranium. Bilateral trade, however, remains below potential due to [...]
Baba Kalyani is the Chairman and Managing Director of Bharat Forge, one of India's giants in the manufacturing space. In this interview with 'India Global Business', the doyen of Indian industry gives his insights into the future of digital manufacturing, electric mobility, telecommunications and much more.
In this interview with ‘India Global Business’, Vivek Sarin, Executive Officer and Co-CEO, Kentucky Cabinet for Economic Development, touches upon the state’s contribution to India-US relations and what makes Indian businesses different from those in the US.
From a non-existent base 40 years ago, the Indian auto industry has come a long way, writes an industry expert.
India’s tech start-ups have placed the country at the cutting edge of emerging technologies and are attracting billions of dollars of investments from tech giants and investors such as Google, Amazon, Softbank and Alibaba. A proactive government, a helpful policy environment and the second largest internet user base are fuelling this boom. Highlights: India has the world’s third largest start-up eco-system after the US and China. Global tech giants such as Google are setting up incubators in India to provide [...]
The Chairman of Max Healthcare stresses on the importance of global collaborations to boost the healthcare industry in India. Highlights: The healthcare sector has a huge role to play towards India’s target of becoming a $5-trillion economy. The inadequacy of hospital infrastructure is a major hurdle in addressing healthcare demand in India. Reverse auctioning land, more efficient protocols for the construction of hospitals, promoting medical tourism and global collaborations are some measures that can be adopted to further the industry [...]
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 [...]