At the 2018 World Economic Forum in Davos, Switzerland, the Prime Minister of India, Narendra Modi, called for International cooperation on climate change and stressed that the rise of protectionism is a threat facing the world, a threat that is as grave as terrorism. In defense of globalization, Modi quoted the...
In 2016, India Held $118.2 Billion U.S. Government Securities
Data available with the U.S. Treasury Department showed that India was the 12th largest holder of U.S. government securities at the end of 2016, with exposure worth $118.2 billion in December. Among the BRIC countries, India stood at 3rd place after China and Brazil in terms of exposure. The Economic...
India Launches 100 Satellites on Single Rocket
India's Space and Research Organization disclosed that it had successfully launched more than a hundred nano satellites that weighed less than 22 pounds each, in a single mission. "All 104 satellites were successfully placed in orbit," the space agency’s chairman, A.S. Kiran Kumar, said. These included an Indian Earth observation...
Clariant's Healthcare Packaging Facility in India to Start in 2017
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...
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...
TIME honors Tata Steel, Hero Moto, Ajanta Pharma
In January, at the World Economic Forum in Davos, Switzerland, nine companies in sectors ranging from automobile engineering to steel manufacturing were named as the finalists for the inaugural TIME India Awards that encompassed three categories—Best in Class Manufacturing, Manufacturing Innovator of the Year, and Young Maker of the Year....