A higher import duty on capital goods may hinder India’s potential as a global manufacturing hub and hence it should reconsider the import duty to enhance its participation in the global value chain and accelerate the success of its Make in India program, MVIRDC World Trade Center Mumbai said in a report. The report suggested […]
Union Health Minister Mansukh Mandaviya has directed the Drugs Controller General of India (DCGI) to take stringent actions against those pharmaceutical manufacturing companies that make spurious drugs. “It is important for MSME pharma companies to be alert to the quality of drugs and expeditiously move towards Good Manufacturing Processes (GMP) through self-regulation,” the minister said […]
The Tata Group is reportedly nearing an agreement to acquire Wistron’s factory in Karnataka, India, according to the news agency Bloomberg. This acquisition would mark the entry of India’s largest conglomerate into the assembly of iPhones, becoming the first local company to do so. The Wistron factory, valued at over USD 600 million, currently employs […]
Apple has encountered significant hurdles in the production of its highly anticipated Vision Pro augmented-reality headset, leading to major cuts in its production forecasts, according to a recent report by the Financial Times. Citing sources familiar with the matter, the report highlighted design complexities as the primary reason for the setbacks. Launched just last month, […]
Mobile components manufacturer SFS, which is interested in setting up a unit by investing Rs 250 crore, has sought 30 acres of land in Karnataka’s Belagavi from the state government. Minister for large and medium industries M B Patil in a statement on Wednesday said that SFS delegates led by CFO of the company Faras […]
India is currently on its way to dominating the mobile manufacturing landscape. Prime Minister Modi said that India has become the second-largest producer of mobile phones in the world. India’s infrastructure, favourable government policies and large talented workforce have attracted giant global corporations. The biggest smartphone company, Apple is turning to India to manufacture its […]
With headline inflation based on the consumer price index (CPI) dropping near Reserve Bank of India (RBI) target, manufacturing on revival, Indian economy on a steady upturn, said Deepak Sood, Secretary General, Assocham. In May, India’s CPI inflation moderated to an almost 25-month low to 4.25 per cent as compared to 4.70 per cent in […]
Singapore is well-known for being an easy place to do business. Among the factors that play to the city-state’s advantage is an attractive tax system, an extensive network of tax treaties, ready availability of quality human capital, geopolitical stability, accessibility to financing, connectivity to the rest of the world, and good infrastructure. Singapore also has […]
India is playing a key role globally in the development of vaccines, manufacturing of drugs, diagnostics and therapeutics, WHO chief scientist Jeremy Farrar said on Tuesday. Dr Farrar, who is attending the third G20 Health Working Group meeting here, said, “India is playing a key role globally in science, technology, development of vaccines, manufacturing of […]
In a bid to bridge the digital divide among micro, small, and medium enterprises (MSMEs), Open Network for Digital Commerce (ONDC), has fixed its visions on transforming the B2B space in India. With less than one million out of almost 100 million MSMEs currently engaging in digital transactions, ONDC gears toward unlocking the extensive potential […]
