In a report titled The Trillion-Dollar Manufacturing Exports Opportunity for India, Boston, MA-headquartered Bain & Company posits that India's manufacturing exports are set to touch the $1 trillion mark by 2028. Over the last two years India’s manufacturing exports stood at $418 billion in FY22, rising at a CAGR of...
India Receives Record Foreign Investment
Foreign Direct Investment (FDI) into India grew by 13 per cent to a record $50 billion in its last fiscal year, ending March 2020. Beside services, the key sectors which attracted inflows were computer software and hardware ($8 billion), telecommunications ($4 billion), trading ($5 billion), automobile ($3 billion), construction ($2...
Solvay Increases Resin Production in India by 25%
Solvay SA, the 150-year-old Belgian company that’s moving from commodity chemicals to specialty materials and additives, will expand a high-performance plastics plant in India to cope with demand from smartphone and aircraft makers. Production of polyether ether ketone polymer resins, known as PEEK, will increase 25 percent at the Panoli...
Huntsman India Sales Cross $500 million
Peter R. Huntsman, President and Chief Executive of the $12 billion chemicals maker, Huntsman Corporation, inaugurated a new India corporate office in Mumbai on November 4, 2014. Initially, the 220,000 square feet, seven story building will house about 300 Huntsman associates, including over 100 technical staff spread across three floors...