Amaravati to have South Korean influence A “South Korea City” is expected to come up in Andhra Pradesh’s new capital, Amaravati, or elsewhere in the state as Chief Minister N. Chandrababu Naidu invited industrialists from the country to set up their ventures in the state. Naidu told a delegation of South Korean industrialists: “We will extend full cooperation and encouragement from the government if you make Andhra Pradesh your second capital and set up industries in a big way. We [...]
The chief of one of India’s leading healthcare players, Fortis Healthcare, weighs up India’s appeal as a hub for international patients. Medical tourism is a phenomenon where people travel from their home country to another nation to access quality medical care. There are many factors which influence their decision, the most common one being the ability to access quality medical procedures which are not conducted within the boundaries of their home country. Having said that, while the quality of clinical [...]
The last few weeks have brought some cheer for those tracking the investment climate in India. Credit rating firm Moody’s upgraded India’s sovereign rating by one notch, a move seen as a clear endorsement of the economic reform agenda underway in the country. A key plank of this agenda has been the ambition to improve the ease of doing business in the country, which also received a major boost with India moving into the top 100 in the World Bank’s [...]
The Indian textiles sector has received much-needed attention but its future continues to hang in balance unless bold initiatives begin to pay off.
The Indian textile industry is the country’s oldest, going back five millennia, and its modern day avatar employs more than 45 million people, making it the country’s second largest employer after agriculture.
Over the last couple of decades, however, this industry has been facing global and domestic headwinds that are threatening its continued wellbeing. But governmental and industry efforts to overcome these challenges also offer considerable upsides and the proposed renewal of the industry promises to rejuvenate it and make it ready for the challenges of the 21st century.
Donald Trump’s ambivalence on economic and strategic issues concerning India is coming in the way of taking bilateral ties to the next level. If India and the US were Facebook friends, then many in the Indian establishment would be justified in describing the relationship as “It’s complicated.” India is a “major defence ally” of the US, the economic relationship is vibrant, at least on the face of it, Washington has reiterated its support for India to be admitted into the [...]
The Government of India’s Energy Efficiency Services Limited (EESL) has been making its global mark across the UK, Canada and South-East Asia with its unique business model. Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, government of India, is working towards mainstreaming energy efficiency and is implementing the world’s largest energy efficiency portfolio (worth £5.6bn over a period of three years). As of now, EESL has explored opportunities and commenced establishment of operations in the UK, [...]
The Indian government’s resolve is to generate 175 GW of electricity from renewable energy by 2022 and increase the share of renewables in India’s energy mix to 40 per cent by 2030. Of the 175 GW, 100 GW will come from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydrop projects. Here is a broad snapshot of the challenge.
A leading consultant in the field delves into India’s move towards embracing good corporate governance. Good corporate governance is becoming a priority across the world. An OECD report to G20 finance ministers and central bank governors in 2015 begins as follows: “Good corporate governance is not an end in itself. It is a means to create market confidence and business integrity, which in turn is essential for companies that need access to equity capital for long-term investment.” Experts across the [...]
The British General Election of 2017 was intended to provide stability and certainty, but it did not go according to plan. Theresa May asked the country for a resounding personal mandate to strengthen her in the Brexit negotiations – but the public refused it, confounding expectations of a clear Conservative victory in this early General Election. But, even before the inconclusive result, it was striking how little light the election campaign had shone on the key choices facing Britain about [...]
A relatively slow-moving solar market in India is showing some signs of promise. The Solar Energy Corporation of India (SECI) has announced a 1,000 MW tender in order to allocate rooftop solar projects on government buildings across the country. This is the largest ever rooftop solar tender announced in India till date. Riding on the success of a previous 500 MW rooftop solar tender announced in April 2016, SECI has now doubled the allocation size. This is a welcome move [...]