In a bid to take advantage of the turnaround in the crude oil prices and its positive impact on the oil producers, the EEPC India is working on a game plan in partnership with the Commerce Ministry to reverse a huge fall of about 50 per cent in India’s engineering exports to Russia in 2015-16. As…
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Karnataka to see more global investments
Karnataka which has been a hub for global pharma production directly and through contract manufacturing route is now upbeat on the Union government consenting 74 per cent Foreign Direct Investment (FDI) under the automatic route in Brownfield projects and 100 per cent on Greenfield projects. The …
Nashik to get Rs 915 crore industrial investment
The state government’s Make in India initiative to boost investment in industries has started yielding results in this North Maharashtra district. Funding worth Rs 915 crore is set to come Nashik’s way with as many as 141 large and Micro, Small and Medium Enterprises (MSME) deciding t…
‘Startup India’ to be revamped to woo more participants
Five months after its launch by Prime Minister Narendra Modi, the government’s Startup India initiative is due for an overhaul to improve participation. The government recently held a review after fewer-than expected startups applied for recognition and only one made the final cut for the i…
China and India present high growth opportunities in global packaging industry
Organizations in the field plan to increase capital expenditure and IT expenses and enhance the targeted customer base Developed nations like the US and Germany, and developing nations like India and China are expected to be major contributors to the Packaging industry growth Ken Research announc…
Government mapping region-specific exports to improve market share
The government wants to capture greater market share in global trade and has kick-started an exercise for mapping region specific exports to achieve this aim. It has identified the pharmaceutical sector as an “export commodity with high potential” to garner higher market share in Euro…
Textile Industry threatens 2-day production holiday a week
As cotton prices shoot up to Rs. 5,800 a quintal, textile industry is reeling under severe pressure and facing scarcity of raw material. With a not-so-favourable export market and the increasing cost of operations, the industry has decided to declare a two-day production holiday every week in pro…
Government allows 100% FDI for online grocery startups
In a boost to retailers and grocery startups such as Bigbasket and Grofers, the government on June 20 allowed 100% FDI in food retail, including through e-commerce, provided such items are produced, processed or manufactured in the country. This will allow multi-brand retail giants such as Walmar…
No registration fee for Udyog Aadhar: Govt clarifies
The Government on June 20 clarified that there is no registration fee for filing Udyog Memorandum and it is the only form of registration for MSMEs in India, in view of complaints received regarding fee charged by certain agencies for facilitating the registration “It may be pointed out that fill…
NewsR.in launches Mobile-Friendly news portal
NewsR.in, the news portal covering India and Indian readers abroad, June 20 launches its new mobile-friendly service. Internet browsing via mobile devices such as smartphones and tablets is increasing year-on-year, and, as India’s premier news aggregator, NewsR.in has now optimised access to its…