News

Commerce & Industry

Commerce & Industry

News   -   Oct 09, 2024 India and UAE in talks to raise investment commitment to $100 billion
India and UAE in talks to raise investment commitment to $100 billion

India is in talks with UAE, the fourth largest foreign investor in 2023 with $3.5 billion in Foreign Direct Investment (FDI), to increase its pledged $75 billion investment to $100 billion, Commerce and Industry Minister Piyush Goyal announced on Monday. Mr. Goyal also revealed the UAE's decision

by Amal Anzari
News   -   Oct 09, 2024 $120 million venture fund for space startups
$120 million venture fund for space startups

Dr Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences, announced that ₹1,000 crore (approximately $120 million) has been allocated for a venture fund aimed at supporting space startups in India.

by Amal Anzari
News   -   Oct 09, 2024 India and US sign MoU to strengthen critical mineral supply chains
India and US sign MoU to strengthen critical mineral supply chains

During the sixth consecutive India-United States (US) Commercial Dialogue, a Memorandum of Understanding (MoU) was signed to “Expand and Diversify Critical Mineral Supply Chains.” This agreement aims to enhance cooperation in critical minerals exploration, extraction, processing, recycling, and related activities by leveraging the complementary strengths of both countries.

by Amal Anzari
News   -   Oct 09, 2024 Production linked incentives to increase
Production linked incentives to increase

According to Minister for Commerce and Industry, Piyush Goyal, investments under the Production Linked Incentives (PLI) are said to increase to ₹2 lakh crore ($24.1 billion), which stood at ₹1.46 lakh crore ($17.6 billion) in August 2024. He added, that PLIs have already resulted in production/sales

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India third in Asia Power Index
India third in Asia Power Index

India has overtaken Japan to become the third-largest power in the 2024 Asia Power Index, driven by its economic growth, population, and global influence. According to India's Ministry of Information and Broadcasting, India’s Economic Capability rose by 4.2 points post-pandemic, with its growing workforce and economy

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India-US semiconductor fab project
India-US semiconductor fab project

India and the US have agreed to set up a semiconductor fabrication plant to make chips that will be used in national security, next-generation telecommunications and green energy applications. The project will be enabled by support from Bharat Semi, 3rdiTech and the US Space Force. The fab titled “Shakti” (Power)

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India's auto sector aims for a $100 billion export target by 2030
India's auto sector aims for a $100 billion export target by 2030

Minister of Commerce & Industry, Piyush Goyal, expressed confidence that India's auto component sector will achieve a $100 billion export target by 2030, making it a major job creator. As India advances towards becoming the third-largest global economy, Goyal urged the auto industry to strive for global leadership,

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India's electric vehicle surge
India's electric vehicle surge

Road Transport and Highways Minister Nitin Gadkari announced that India is experiencing significant growth in electric vehicle (EV) sales, with expectations to reach one crore annual sales by 2030, creating five crore jobs. Gadkari highlighted that nearly 30 lakh EVs are registered in the country, with 45% growth in EV

by Amal Anzari
India and UAE in talks to raise investment commitment to $100 billion
News   -   Oct 09, 2024 India and UAE in talks to raise investment commitment to $100 billion

India is in talks with UAE, the fourth largest foreign investor in 2023 with $3.5 billion in Foreign Direct Investment (FDI), to increase its pledged $75 billion investment to $100 billion, Commerce and Industry Minister Piyush Goyal announced on Monday. Mr. Goyal also revealed the UAE's decision

by Amal Anzari
Commerce & Industry Articles 35 Articles
News   -   Oct 09, 2024 India and UAE in talks to raise investment commitment to $100 billion
India and UAE in talks to raise investment commitment to $100 billion

India is in talks with UAE, the fourth largest foreign investor in 2023 with $3.5 billion in Foreign Direct Investment (FDI), to increase its pledged $75 billion investment to $100 billion, Commerce and Industry Minister Piyush Goyal announced on Monday. Mr. Goyal also revealed the UAE's decision

by Amal Anzari
News   -   Oct 09, 2024 $120 million venture fund for space startups
$120 million venture fund for space startups

Dr Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences, announced that ₹1,000 crore (approximately $120 million) has been allocated for a venture fund aimed at supporting space startups in India.

by Amal Anzari
News   -   Oct 09, 2024 India and US sign MoU to strengthen critical mineral supply chains
India and US sign MoU to strengthen critical mineral supply chains

During the sixth consecutive India-United States (US) Commercial Dialogue, a Memorandum of Understanding (MoU) was signed to “Expand and Diversify Critical Mineral Supply Chains.” This agreement aims to enhance cooperation in critical minerals exploration, extraction, processing, recycling, and related activities by leveraging the complementary strengths of both countries.

by Amal Anzari
News   -   Oct 09, 2024 Production linked incentives to increase
Production linked incentives to increase

According to Minister for Commerce and Industry, Piyush Goyal, investments under the Production Linked Incentives (PLI) are said to increase to ₹2 lakh crore ($24.1 billion), which stood at ₹1.46 lakh crore ($17.6 billion) in August 2024. He added, that PLIs have already resulted in production/sales

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India third in Asia Power Index
India third in Asia Power Index

India has overtaken Japan to become the third-largest power in the 2024 Asia Power Index, driven by its economic growth, population, and global influence. According to India's Ministry of Information and Broadcasting, India’s Economic Capability rose by 4.2 points post-pandemic, with its growing workforce and economy

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India-US semiconductor fab project
India-US semiconductor fab project

India and the US have agreed to set up a semiconductor fabrication plant to make chips that will be used in national security, next-generation telecommunications and green energy applications. The project will be enabled by support from Bharat Semi, 3rdiTech and the US Space Force. The fab titled “Shakti” (Power)

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India's auto sector aims for a $100 billion export target by 2030
India's auto sector aims for a $100 billion export target by 2030

Minister of Commerce & Industry, Piyush Goyal, expressed confidence that India's auto component sector will achieve a $100 billion export target by 2030, making it a major job creator. As India advances towards becoming the third-largest global economy, Goyal urged the auto industry to strive for global leadership,

by Amal Anzari
Commerce & Industry   -   Sep 30, 2024 India's electric vehicle surge
India's electric vehicle surge

Road Transport and Highways Minister Nitin Gadkari announced that India is experiencing significant growth in electric vehicle (EV) sales, with expectations to reach one crore annual sales by 2030, creating five crore jobs. Gadkari highlighted that nearly 30 lakh EVs are registered in the country, with 45% growth in EV

by Amal Anzari
Latest Articles 8 Articles
Morning Briefing   -   Nov 15, 2024 Commerce Minister Calls for Repo Rate Cut
Commerce Minister Calls for Repo Rate Cut

Highlights include conflicting views on the repo rate cut, the Reliance-Disney merger, ISRO's proposal to Mexico and views from columnists on the violence in Manipur.

by Daanish Narayan
News   -   Nov 14, 2024 Seaplanes to Connect Remote India: Aviation Minister Eyes North East
Seaplanes to Connect Remote India: Aviation Minister Eyes North East

In line with Prime Minister Narendra Modi's vision to expand national connectivity, Civil Aviation Minister Kinjarapu Rammohan Naidu announced plans to introduce seaplanes to reach remote areas across India, including the North East. During an aviation conference at Meghalaya’s Umiam Lake, Naidu took a test ride on

by Amal Anzari
News   -   Nov 14, 2024 India’s October Exports Surge by 17%
India’s October Exports Surge by 17%

India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,

by Amal Anzari
News   -   Nov 14, 2024 RBI Governor Affirms Resilient Indian Economy Amid Global Challenges
RBI Governor Affirms Resilient Indian Economy Amid Global Challenges

Reserve Bank of India (RBI) Governor Shaktikanta Das shared an optimistic view on India's economic resilience, despite global challenges like inflation and geopolitical tensions. Das highlighted the RBI’s measures, including a robust regulatory framework and responsive policy shifts, to address emerging risks. He pointed to improved inflation

by Amal Anzari
Morning Briefing   -   Nov 14, 2024 First Phase of Voting Completed in State Elections
First Phase of Voting Completed in State Elections

Highlights include the inauguration of projects by the PM, India's push for nuclear power, the rise in renewable energy capacity and views from columnists on the Maharashtra state elections.

by Daanish Narayan
News   -   Nov 13, 2024 US Leads in Indian Engineering Exports; UAE, Saudi Arabia Follow
US Leads in Indian Engineering Exports; UAE, Saudi Arabia Follow

The United States remains the top importer of Indian engineering goods, purchasing $9.3 billion (up 6.2%) from April to September, according to data from the Engineering Export Promotion Council (EEPC). The United Arab Emirates (UAE), benefitting from a Free Trade Agreement with India, secured the second spot with

by Amal Anzari
News   -   Nov 13, 2024 Swedish Firms Eye Tamil Nadu for Expansion, IKEA Among Four Exploring New Ventures
Swedish Firms Eye Tamil Nadu for Expansion, IKEA Among Four Exploring New Ventures

Sweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open

by Amal Anzari
News   -   Nov 13, 2024 By-Elections Witness High Voter Turnout Across Multiple States
By-Elections Witness High Voter Turnout Across Multiple States

Voting concluded for 31 Assembly seats across 10 states, with significant voter turnout. Kerala’s Wayanad Lok Sabha bypoll, featuring Priyanka Gandhi Vadra’s debut, recorded 64.27% turnout, lower than the previous 72.92%. Rajasthan's seven Assembly constituencies saw a turnout of 64.82%. Karnataka recorded the

by Amal Anzari
Your link has expired. Please request a new one.
Your link has expired. Please request a new one.
Your link has expired. Please request a new one.
Great! You've successfully signed up.
Great! You've successfully signed up.
Welcome back! You've successfully signed in.
Success! You now have access to additional content.