The joint venture formed by Bharat Electronics Ltd. (a defense public sector undertaking, part of the Indian Ministry of Defense) and Thales, the French defense major, for the manufacture of Air Traffic Management Radars for both civilian and defense markets, has started production for the Indian Air Force. Bharat Electronics...
Feni, Distilled from Cashew Nuts in India , Enters USA Market
The Spirits Business reports that Wirtz Beverage, Illinois, will introduce the award-winning craft distilled Spirit of India Feni to the United States for the first time. “We are truly thrilled to partner with such a tremendous team at Wirtz Beverage,” said B.J. McCaslin, Co-Founder of Spirits of India Feni. “This...
Indian Economy Shows ‘Firming Growth’ Says OECD
In the September release of the Composite Leading Indicators (CLIs) that are designed to anticipate turning points in economic activity relative to trend, the Paris-based Organization for Economic Cooperation and Development (OECD) said India is expected to see “firming growth”. As reported on their Website, the CLIs signal stable growth...
Modi Government Signed 18 Contracts for $20.1 Billion in its First 9 Months
The Defense Ministry of India has signed 18 international contracts worth $20.1 billion between May 2014 and February 2015. The contracts were signed with armaments manufacturers from USA, Russia, the UK, Israel, Germany and France reports Defense World. “Defense Procurement Procedure details direct dealing with the original equipment manufacturers, authorized...
India’s Commerce Minister Reports 48% Increased FDI
Minister of State for Commerce Nirmala Sitharaman, said that since the launch of the ‘Make in India' initiative in September 2014, there has been a 48 percent increase in Foreign Direct Investment inflows for the period October 2014 to April 2015 as compared to the corresponding time frame of the...
French Companies to Invest $5 Billion in the Indian Insurance Industry
At an event organized by the French embassy and the Federation of Indian Chambers of Commerce and Industry, France’s ambassador to India Francois Richier said that France would invest $5 billion in India’s insurance business. “When you compare the share of French FDI (foreign direct investment), India receives 6% whereas...