India’s smartphone exports more than quadrupled to USD 11.1 billion (approximately Rs 91,000 crore) in 2022-23 (FY23) from USD 5.48 billion (Rs 45,000 crore) the previous year, according to figures from the India Cellular and Electronics Association (ICEA). “With the doubling of smartphone exports to over Rs 90,000 crore, India is well on its way […]
Union minister Ashwini Vaishnaw said the country is on its way to becoming a global leader in the mobile devices segment with the doubling of smartphone exports from India to over USD 11 billion. “With the doubling of exports of smartphones to more than USD 11 billion, India is well on its way to become […]
Basmati, a long-grain aromatic rice, has been grown in India for many centuries and is an unalienable part of Indian culture, religion and all occasions of celebration. India is the leading producer and exporter of Basmati rice because major amount and varieties of Basmati rice are produced in the Indian subcontinent’s Himalayan region. The particular […]
Going big on the textile industry and its Make in India effort, the Indian government has planned to set up seven mega textile parks under PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme. These parks will come up in seven states — Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh. […]
In a significant decision, the Union Cabinet on Wednesday approved revised domestic gas pricing guidelines and the price of natural gas will be 10 per cent of the monthly average of the Indian crude basket. Addressing a press conference after a meeting of the union cabinet, Information and Broadcasting Minister Anurag Thakur said there will […]
iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported. In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value […]
Globally chickpeas (kabuli chana) production is expected to see a shortage over the next six months or so and India will need to increase its import volumes, and may reach out to Russia, Canada, the US and Turkey to make up for its consumption needs, according to Global Pulse Confederation. Global chickpeas supplies are under […]
Hyundai Motor India Ltd achieved the highest ever annual total sales volume (domestic plus exports) of 720,565 units in the just concluded financial year 2022-23 with a yearly growth of 18.0 per cent. According to a company release on Saturday, it registered domestic sales volume of 567,546 units, which the company said was the highest […]
India’s strategic location in the heart of the East-West Oceanic Route makes it the perfect transshipment hub. But that’s just the tip of the iceberg! With a booming logistics sector that covers everything from port operations to information technology solutions, India is quickly becoming a force to be reckoned with in global trade. What’s more, […]
India’s vast and expanding market is undisputed and has opportunities for nearly all types of industrial activity and services, said Kazem Samandari, Executive Chairman, L’Opera. “The market segments we are addressing today, comprising consumers with growing purchasing power, represent an attractive opportunity for almost all types of business activity and services,” he said. Samandari noted […]
