During his recent visit to India, U.S. Defense Secretary Ashton Carter spoke to reporters about the Electromagnetic Aircraft Launch System that will replace the steam catapults used on older U.S. carriers for launching and landing systems. “We are working with the Indian Navy on technology for their next generation of...
Delphi Expands its Chennai Technical Center in India
Autocar Professional interviewed Chris Reider, vice-president, Global Engineering Packard Electrical/Electronic Architecture, Delphi, on the company's operations, growth dynamics and the business opportunity that is India. Here are some excerpts… On benefits for Delphi in expanding the Chennai Technical Center Reider: The Chennai facility has become one of our key hubs...
India is Top Six Manufacturer says UNIDO
Headquartered in Vienna, Austria, the United Nations Industrial Development Organization (UNIDO) has just released its 2015 Yearbook. A report on global manufacturing output mentions China at the top of the list of the top 10 industrial producers followed by the U.S., Japan, Germany, and Korea. India at the sixth place...
World Bank Projects India Will Be the Fastest-Growing Economy until 2018
The Wall Street Journal reports on the new forecasts from the World Bank which says that India is “well positioned to withstand near-term headwinds and volatility in global financial markets” compared with other major emerging economies and predicts it will grow at 7.9% by 2018. That would make it the...
India Bucks Slowdown Trend in Emerging Markets
In a new policy research note ‘Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?’ the World Bank noted that “growth in BRICS, with the exception of India, has been slowing significantly after 2010. These slowdowns are expected to continue over the near term.” Emerging market growth has been fading...
Global Executives Rate India as Most Attractive Investment Destination
32 percent of 505 global investors named India as the favored market for investment according to a survey published by accounting firm Ernst & Young. China was second with 15 percent of the vote, followed by S.E. Asia, Brazil and N. America. “There is no doubt that interest in India...