India's push toward hydrogen-powered vehicles is a key solution for de-carbonizing its transport sector. As India aims for net-zero emissions by 2070, addressing transport emissions, which account for 8.4% of the country's carbon footprint, is crucial. Hydrogen fuel cell vehicles present several advantages over battery electric vehicles, particularly for heavy-duty...
AB InBev Plans $50M Brewery Expansion in India
Headquartered in Belgium, AB InBev, the world's largest brewer, has announced plans to invest approximately $50 million to expand its brewery operations in India's southern state of Karnataka. T The investment will be directed toward enhancing and expanding AB InBev's existing brewery in Mysore, which currently produces popular brands such...
Mercer Acquires India's HR Tech Startup Mettl
Headquartered in New York City, global HR consultancy Mercer, a subsidiary of Marsh & McLennan Companies Inc., acquired online assessment platform Mettl based in Gurugram, India. Ilya Bonic, global president of Mercer’s career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market...
WEF: India Poised to Become World's Third-Largest Consumer Market
According to the World Economic Forum's (WEF), report 'Future of Consumption in Fast-Growth Consumer Market: India' by 2030, India will see a tremendous jump in consumer spending driven by increased incomes, a billion diverse internet users, and a very young population. With an annual GDP growth rate of 7.5 per...
India's Modi Assails Protectionism, Terrorism
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...
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...