Christine Lagarde, managing director of the International Monetary Fund, says that India a “bright spot” on a cloudy global horizon. She declared that India has the potential to double the size of its economy by 2019 compared to 2009. During her visit to India, Lagarde commented, “India's GDP will exceed...
Rolls-Royce and KOEL, India to Build Gensets for Nuclear Power Plants
Kirloskar Oil Engines Ltd. (KOEL) based in Pune, India, has signed a MoU with MTU Friedrichshafen GmbH (MTU), Germany, for stating intent of co-operation for future business whereRolls-Royce will supply MTU Engines and key components and take responsibility for basic engineering and generating set configuration. KOEL, as a main contractor...
Manufacturing competitiveness by Country
Ranks for 2013 Rank Country Index score (10=high, 1=low) 1 China 10.00 2 Germany 7.98 3 USA 7.84 4 India 7.65 5 South Korea 7.59 Expected ranks in five years Rank Country Index score (10=high, 1=low) 1 China 10.00 2 India 8.49 3 Brazil 7.89 4 Germany 7.82 5 USA...
Mercedes Benz expands market presence in India, expect India to be a top 4 market
After 15 years the Indian luxury car market, Mercedes Benz is seeing competition heat up from compatriot BMW. Managing Director Peter Honegg was interviewed about his approach to India and quoted in Automotive Magazine. While many foreign entrants worry that India's market is hyper-sensitive to price, the reality is that...
Germany kicks the tires on nuclear business in India
Speaking to reporters who accompanied Indian prime minister Dr. Manmohan Singh on his two-nation European trip, Secretary (West) in the Ministry of External Affairs, Vivek Katju, said that Germany can help India in its ambitious civil nuclear program. Germany has virtually shut off internal development of nuclear energy but still...