The latest instalment of production linked incentives offered by India to lure global manufacturers is simply the next step in a long line of reforms and policies taken by the Modi government to send out a clear message to the world – India means business.
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. How do you see Industry 4.0 impacting companies and sectors globally? The advent of industry 4.0 era is characterized by a confluence of emerging technology breakthroughs from mobile connectivity, artificial intelligence, Internet of Things [...]
As the world battles Covid-19 with no clear end in sight, the proposal for an enhanced regulatory framework under the new bill will boost the ease of doing business in India and ensure further investments under ‘Make in India’ initiatives. Amid the din of the ongoing Covid-19 battle in India, the government think-tank Niti Aayog and the Indian Ministry of Health and Family Welfare have quietly arrived at a consensus on the Medical Devices (Safety, Effectiveness and Innovation) Bill 2019. [...]
With significant effort and a strong will to initiate the necessary structural reforms, India has the potential to lead the world out of the upcoming recession. Highlights: There is the worry expressed by many that while the western world can afford to be more pragmatic, emerging markets such as India cannot. A concerted effort by the Indian Government and the manufacturing industry to actively seize a rightful place in global supply chains is the need of the hour. Delivery on [...]
Bob Patel is the CEO of energy and chemical major LyondellBassell. In this interview with ‘India Global Business’, he tackles some of the tough questions around the war on plastic waste and the company’s commitment to a greener future.
The High Level Advisory Group recommends several different avenues ranging from engaging the WTO to more sector-specific approaches to boost India’s share and importance in the global merchandise and services trade. This report on India’s trade prospects and policies is a constructive plea to policymakers of what needs to be done, what is necessary (and possibly sufficient) to accelerate India’s export growth, and thereby accelerate GDP growth towards a potential of 8+ per annum over the next 11 years. Macro [...]
Rolls-Royce’s Global Government Relations Director elaborates on how partnerships and co-creation offer India an accelerated path for capability development, especially in the security and defence sector. Highlights: A sustained focus on reforms, manufacturing, and indigenous capability-building has helped India’s jump in the World Bank’s Ease of Doing Business report. India’s search to build an indigenous defence industry offers an opportunity for global players to work with Indian counterparts in a closer partnership. Industry 4.0 is a very important area of [...]
A skilled workforce, prime geographic location, financial incentives and tremendous support from the government are a few factors that make Serbia a hotspot for foreign investments. Highlights: Serbia is referred to as the crossroad of Europe due to its position in the central Balkan Peninsula, on the most important route linking Europe and Asia. The country offers foreign investors a 10-year Corporate Profit Tax Holiday if they hire more than 100 employees and invest more than €8.5 million. Serbia also [...]
Collaboration will be more important than ever, says a motor industry expert as he stresses on the importance of India as a partner for the UK automotive industry. Highlights: Presently, UK-India automotive trade is worth approx. £270 million. Over the past decade, the total number of UK-built cars exported to India has increased twelvefold, despite high import duties. Collaboration with partners abroad to exchange skills and expertise to accelerate digitalisation offers greater opportunities both for India and the UK. India [...]
Editorial 'India Global Business' analyses the steps India can take to become the more attractive manufacturing hub in Asia. The Finance Minister has announced that the Indian government is preparing a plan to attract foreign companies looking for alternatives to China in the wake of the US-China trade war. India has, in the past, missed the bus each time the world went through a major business restructuring. The roots of the global supply chains that brought unprecedented prosperity to the [...]