Textiles sector has emerged as the second largest job provider in the country, employing nearly 51 million people directly and 68 million indirectly in 2015-16, the Commerce Ministry report on Make in India achievement said. The textile sector accounts for 10 per cent of the country’s manuf…
Tag: Foreign Direct Investment (FDI)
MoU with World Bank to set up training centres for MSMEs across India: Haribhai Parthibhai Chaudhury
The Union Ministry for Micro, Small and Medium Enterprises (MSMEs) has signed a Memorandum of Understanding (MoU) with the World Bank for investing Rs 2,200 crore to set up training centres for MSME sector across India by 2017, Minister of State for MSME, Haribhai Parthibhai Chaudhury said at an …
10 ways Brexit will affect small businesses in India
The Brexit debate has been plaguing the world for a while. Now, the debate is over and the result is in. In June, the UK finally voted to leave the EU. This decision may not sit well with Indian entrepreneurs and small business owners. But they will have to contend with it. They will have [&helli…
Global food retailers eyeing India: Centre
Big retail chains and food brands from the U.K., Italy and Brazil are eyeing an entry in the Indian market after the government opened up foreign investments up to 100 per cent in processing, marketing and retailing of food made in India, Union Food Processing Minister Harsimrat Kaur Badal said. …
Japanese team explores biz opportunities in Sikkim
A Japanese team met Sikkim Chief Minister Pawan Chamling here to explore investment opportunities in the state including for manufacturing units for drones and robotics in the initial phase. The delegation during the meeting informed the Chief Minister that the environment in the state is very co…
Pharma sector receives Rs 4,975-cr FDI in FY16: Govt
The drugs and pharmaceuticals sector has received Foreign Direct Investment (FDI) of Rs 4,975 crore in 2015-16, parliament was informed. “In the year 2014-15, FDI equity inflow of Rs 9,052 crore and in the year 2015-16, inflow of Rs 4,975 crore have been received in the drugs and pharmaceu…
India needs to retain its export market share | Pranab Mukherjee
As the volume of world trade is expected to remain sluggish in 2016, India needs to devise cohesive strategies of retaining its market share first and then increasing it, President Pranab Mukherjee said. He also said that exports sector is dynamic and is affected by changes in the policy both at …
India on way to become the third largest aviation market by 2020: FICCI-KPMG India Aviation Report
Hyderabad, 17 March 2016 – With 81 million trips, India’s domestic aviation market grew at over 20.3% during Jan-Dec 2015 – the highest growth rate recorded in the world. India is well on its way to become the third largest aviation market by 2020 says the FICCI-KPMG ‘India Aviation R…