The Indian Defense Acquisition Council has approved 4 additional Boeing P-8I long-range maritime patrol aircraft for $762 million for the Indian Navy. This order supplements the existing fleet of 8 such aircraft, reports Defense World. A variant of the Poseidon operated by the U.S. Navy, the P-8I is designed...
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...
India: Fourth Largest Hub for Startups
According to the Ministry of Finance's Economy Survey 2014-15, India is becoming the world’s fourth largest center for venture and angel funded startup businesses. The country's technology sector is fueling this growth especially in the online space, where 240 million Indians now have internet access, according to research group IMRB...
India tops Altman's Baseline Profitability Index for 2015
In Foreign Policy Daniel Altman, senior editor, economics, and adjunct professor at New York University's Stern School of Business, released the third edition of the Baseline Profitability Index, a guide to where to invest around the world in 2015. He has outlined the factors that affect the ultimate success of...
India Leads in Import of Unmanned Aerial Vehicles
Based on data related to imports/exports of drones between 1985 and 2014, India tops the list of drone-importing nations with 22.5 percent of the world's unmanned aerial vehicle (UAV) imports says a report on SiliconIndia News. These pilot-less aerial vehicles are used for reconnaissance, surveillance, intelligence gathering and aerial combat...
India to Exceed 200 Million Smartphone Users by 2016
Citing the U.S.-based global research firm eMarketer, SiliconIndia reports that India will overtake the U.S. as the second largest market for smartphones in the world by 2016, due to increasing penetration of affordable smart devices in the country. “China will continue to lead the world rankings in 2016 with 624.7...