The final plans for the development of the domestic electric vehicle and hybrid vehicle (xEV) are likely to be disclosed in April, after over a year spent in discussions. The agenda for the last discussions, between the government, industry players and academia, aims to look at the creation of infrastructure and incentive strategies for buyers. […]
The Union government has received a grant of Rs.764.54 crore, through a credit agreement with International Development Association (an arm of the World Bank), to help boost sanitation services and water supply in several districts of Kerala. According to the joint secretary, economic affairs, ministry of finance, Venu Rajamony, the project will be implemented in […]
In the race for sales, India’s car manufacturers may need to slow down their pace in order to avert a catastrophe in the enveloping capacity glut. Attracted by the 30% sales growth over the past two fiscal years, car manufacturers have committed $6 billion to produce over 6 million cars annually, nearly doubling India’s annual […]
Starbucks Corp, a Seattle-based chain through a tie-up with the TATA group, is planning to open its first coffee shops in India in August or September and aiming to have 50 outlets by year-end. Though the venture in India was planned a year ago, it wasn’t successful due to real estate acquisition and high land […]
ASSOCHAM, Associated Chambers of Commerce and Industry of India, an apex trade association pointed out that the aerospace and defence export industry of India has registered of about 18% growth in the first three quarters of the fiscal year in 2011-12 and likely to get USD 2 billion in the current fiscal. Where, aircraft exports […]
India’s elastic polymer industry is on its way to big achievements. India’s second industrial rubber park was established in Bodhung Nagar industrial growth centre, in western Tripura, 15 km north of Agartala. This park is a joint venture between the Tripura Industrial Development Corporation (TIDC) and the Rubber Board. It is the second one of […]
PricewaterhouseCoopers trading as PwC, a London based world’s largest global professional services firm stated total population of India will be around 1.36 billion by 2021 of which middle class will account for 570 million. India’s middle class will keep growing in number and reach a $ 1 trillion market value opportunity for the consumer products […]
The capacity of Indian ports has reached 1.16 billion tons (1160 million metric tons) as on December 31, 2011. The Government declared today of the news and also said that strategies have been placed to bring the value up to 3.2 billion tons in the next ten years. The Indian tonnage has recently crossed the […]
