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Pharma exports grow 11%, cross $19 bn

India’s pharmaceutical exports grew a robust 10.72% in 2018-19, and raced past the $19-billion mark for the first time, a performance marked by a rebound in the U.S. market, improved show in almost all the top 25 destinations and across categories. Exports touched $19.13 billion as against $17.28 billion of 2017-18, the previous highest, details […]

India’s renewable energy initiatives

By Charles F Moreira, Editor India will achieve its target of 175 GW (gigawatts) or 175,000 MW (megawatts) of installed renewable electrical energy generation capacities ahead of its 2022 deadline, a senior government official said on 23 February 2018. The International Solar Alliance (ISA) will help mobilise sufficient funds for the solar energy projects, according […]

New passenger terminals may lure more cruise liners to India

The Indian Centre’s decision to develop new passenger terminals at five major ports will pave the way for international cruise liners to enter India, said a top official of the Pune-based CruiseBay. CruiseBay offers 1,500 cruises from 35 cruise liners to over 100 destinations across the world. Right now, it has five offices and plans […]

Did India’s Modi fulfil his economic promises?

Indian Prime Minister Narendra Modi swept to power five years ago on a business-friendly manifesto that promised to shake up Asia’s third-largest economy and boost employment. As Modi, 68, seeks a second term in India’s almost six-week mega-election beginning on Thursday, AFP looks at how he has delivered on his main economic pledges. Read the […]

Indian government clears policy to double agriculture exports

The Union Cabinet on Thursday approved the Agriculture Export Policy, aimed at increasing India’s exports to $60 billion by 2022 from the current $37 billion, Commerce Minister Suresh Prabhu announced. “We have managed to increase agriculture exports to $37 billion from $30 billion in just one year,” Mr. Prabhu said at a press conference. “With […]

Why India’s election is among the world’s most expensive

The world’s biggest democracy will soon hold what’s likely to be one of the world’s costliest elections. This time the polling exercise, due to start on April 11 and be completed by May 19, will cost an unprecedented 500 billion rupees ($7 billion), according to the New Delhi-based Centre for Media Studies. The CMS projection […]

India to focus on skill development

The Vice President of India, Shri M. Venkaiah Naidu said that skill development should become a national mission. Shri Naidu stressed on the need to work as a team to build a stronger India, a more developed India, an India that was capable of defending itself against hostile forces and disruptive designs. The world and […]

India emerging as a key player in the global defence arena

Raksha Mantri Smt Nirmala Sitharaman inaugurated the 12th biennial edition of International Aerospace and Defence Exhibition amidst fanfare at Air Force Station Yelahanka in Bengaluru. This edition of Aero India, for the first time, combines the defence and civil aviation segments. More than 600 Indian Companies and 200 Foreign Companies are participating and witnessing the largest […]

Measures taken to increase roof top solar power system

Under the present rooftop solar programme, which was approved by the Government in December 2015, an aggregated capacity of 2100 MW is targeted to be achieved in residential, institutional, social and Government sector through central financial assistance by the year 2019-20. According to the Minister of State for new and renewable energy and power Shri […]

India’s e-commerce growth in 2018 is not without its hitches

In a statement to parliament, the Minister of State for Consumer Affairs, Food & Public Distribution, Shri C.R. Chaudhary said that India’s e-commerce business grew at the rate of 17 percent in the 2018 to 2019 financial year. According to the National Association of Software and Services Companies (NASSCOM) Strategic Review 2018, in the Information […]

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