Clariant, a specialty chemicals company headquartered in Muttenz, Switzerland, will commence its new greenfield production facility in Cuddalore in the southern state of Tamil Nadu by the second semester of 2017. “The new site will serve the Indian pharmaceutical industry with state-of-the-art desiccant products produced under the strictest quality and...
4G Subscribers in India Close to 70 Million
Reliance Jio claims to have signed up 52 million 4G subscribers since its official launch in September, while Airtel added nearly three million 4G users in the second half of the year, taking its total to 7.4 million. Idea Cellular at number 3 is forecast to have 4.2 million 4G...
India to Become 3rd Largest Military Spender in 2018
According to the latest Jane’s Report, released by research firm IHS Markit on Dec. 12, India will become the world’s third largest military spender in 2018 surpassing UK and Saudi Arabia which currently occupy the third and fourth places. Craig Caffrey, principal analyst, IHS Jane's said, "What we expect to...
India to Be Third Largest Aviation Market by 2026
The Geneva-based International Air Transport Association's 20-Year Air Passenger Forecast projects India to be the third largest aviation market by 2026, replacing the United Kingdom. Growth will also increasingly be driven within developing markets, it said. Routes to, from and within Asia-Pacific will see an extra 1.8 billion annual passengers...
India Rises in WEF's Competitive Rankings
India jumped 16 places to number 39 out of 138 countries rated in the World Economic Forum’s competitiveness ranking, due mainly to better infrastructure and strong economic growth. In the World Competitiveness Report 2016-2017 rankings are made on the assessment of 12 parameters: institutions, infrastructure, macroeconomic environment, health and primary...
Dramatic Changes Predicted at Future of Asia Conference
According to the Los Angeles World Affairs Council's (LAWAC) Future of Asia Conference that took place on September 15 and 16, "Asia is a continent where the stakes are rising rapidly - both in economic promise and expansion of individuals' horizons, but also in environmental and security challenges." 57 speakers,...