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Economy

South Korean companies eager to move from China to India

The South Korean government and companies now realise it was smart of Japan to start investing in India way back in the 1980s when they had preferred China

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Economy

Japan to finance companies to move production out of China

While Beijing and Tokyo are culturally incompatible, China remained the largest trading partner of Japan until the disruption of supply chains

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Economy

Economy: 7 positive reports in 2019 you might have missed

Manufacturing, FDI, GST collection and other aspects of the economy posted remarkably improved figures just before the year 2019 ended

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Economy

Industrial production at 8-year low in September

Most industrial groups registered negative growth rates in the period, reminiscent of 2011-12 when manufacturing had gone into a tailspin

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Economy

Factory output growth zooms 17-month high of 8.4% in Nov

New Delhi: Industrial production growth zoomed to a 17-month high of 8.4% in November 2017 on the back of robust performance of manufacturing and capital goods sectors. The factory output, measured in terms of Index of Industrial Production (IIP), grew 5.1% in November 2016, as per data released on Friday by the Central Statistics Office (CSO). […]

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Economy

Indian military hardware made in India

New Delhi: Presently, all ships and submarines on order are being constructed in Indian shipyards. The Indian Navy promulgated the ‘Indian Naval Indigenisation Plan 2015-30’ in July 2015, which attempts to formulate the requirements of the Indian Navy towards indigenous development of equipment and systems over the next 15 years. The document identifies capability gaps […]

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India

Jaitley lists achievements of communication depts

New Delhi: The Union Budget 2016-17 has given a big boost to the Digital India vision of Prime Minister Narendra Modi, said finance minister Arun Jaitley, which are expected to give a big boost to the ‘Digital India’ initiatives, digital literacy, greater application of cloud computing and, above all, a big push to the electronics manufacturing. […]

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Economy

Make In India Week concludes on high note

Mumbai: Curtains came down on the first ever Make In India Week in the nation’s financial capital with the biggest show of manufacturing prowess, concluding on a high note. The week-long event created avenues for showcasing, connecting and collaborating for manufacturing in India. The event promoted an investment-enabling environment, provided encouragement to design, innovation, youth […]

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Economy

‘Make in India’ Week: Mumbai, Feb 13-18

Mumbai: India’s commercial capital is geared up for the “Make in India” Week, a flagship event to provide greater momentum to the Make in India initiative, to showcase to the world the achievements of the nation in its manufacturing sector and to promote India as a preferred manufacturing destination globally. Set against the vibrant backdrop […]

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Economy

IIP indicates improvement in economy

New Delhi — The August 2015 Index of Industrial Production (IIP) growth has registered an increase of more than 6% after 34 months. The cumulative IIP growth in the first 5 months in 2015-16 at 4.1% is better than the growth of 3% in the same period last year. The manufacturing sector has grown 6.9% in August […]