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...
India’s Growth Shatters Auto Sales Records
More than three million cars were sold last year in India, a 6.4% increase over 2014, according to Euromonitor. Sales are expected to grow by 4.7% in 2016 as buyers are encouraged by lower fuel prices and reduced interest rates, reports CNN Money. “We are going to see a flood...
India's Pipavav to Manufacture Japanese Amphibious Aircraft
India and Japan are to finalize an agreement to jointly produce the US-2 amphibious aircraft during Japanese Prime Minister Shinzo Abe’s upcoming visit to India. This will be the first defense deal between the two countries. The aircraft will be produced in India as part of Prime Minister Modi's Make...
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...
Foreign Firms Surge to Provide India’s 280,000MW Solar Energy Goal
India's $100 billion push into solar energy over the next decade is being driven by foreign players as local manufacturers are no longer protected by government restrictions on the sector. SunEdison of California will invest up to $4 billion in a manufacturing facility, and China's Trina Solar has unveiled plans...
FDI into India rose 63% in February, Year over Year
The Hindu Business Line reports that according to data from the Department of Industrial Policy and Promotion, foreign direct investment in India jumped 63 percent to $3.28 billion in February, 2015. In February last year, the country had received FDI of $2.01 billion. In the 11-month period from April 2014...