India has emerged as the most attractive investment destination among emerging markets in 2023 amid a host of global economic headwinds, including high inflation and interest rates, global investment management firm Invesco said in a report. According to the Invesco Global Sovereign Asset Management Study, 2023, sovereign wealth funds favour emerging markets, particularly India, given […]
India’s economic growth and its “interesting market” has opened up business opportunities for German companies, according to German Ambassador to India Philipp Ackermann. Ackermann who was on a two-day maiden visit from Thursday, said that India has had very solid growth for years now and is among the very few countries that has sustainable growth. […]
The global furniture market is expected to grow from USD 739.44 billion in 2023 to USD 935.9 billion by 2027, with a CAGR of 6.1 per cent, according to the ‘Furniture Global Market Report 2023’ by Research And Markets. According to Expert Market Research’s report, the Indian furniture market is expected to grow at a CAGR […]
Procter & Gamble India will invest Rs 2000 crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The facility builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat. The new facility is situated across a 50,000 sqm area […]
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 […]
Following Prime Minister Narendra Modi’s meeting with Micron CEO Sanjay Mehrotra, Micron Technology will invest USD 2.5 billion (INR 22,500 crore) to establish an ATMP (assembly, test, marking, and packaging) facility in Gujarat’s Sanand GIDC-II, the Gujarat government announced on Wednesday. Sanand GIDC is a highly industrialized zone in Gujarat, home to many national and […]
DealShare, a social ecommerce player, has announced a substantial investment of Rs 1000 crore in local and regional SME brands and its own Private Labels over the next 5 years. The company is looking to invest in 6 states namely Rajasthan, Haryana, Uttar Pradesh, Himachal Pradesh, Gujarat and Maharashtra. DealShare’s core ecommerce portfolio sources goods […]
After Prime Minister Narendra Modi’s recent official visit to the western superpower, three US tech titans announced significant investments in India. For the development of Indian technology, Amazon, Google, and Microsoft have pledged financial investments and technological collaboration. Google has announced that it will open its global fintech operation hub in Gujarat, whereas Amazon has […]
Fitch Ratings has raised the global growth forecast for 2023 to 2.4 per cent from its March estimate of 2.0 and noted that economic activity the world over is holding up better than as was expected. “The biggest upgrades have been to emerging markets (EM) where incoming (macro) data have been a lot stronger than […]
Hyundai Motor Company aims to boost its annual electric vehicle sales to 2 million units by 2030, against its earlier target of 1.87 million, in line with rising global demands. Considering that the proportion of global EV production is set to increase from 8 per cent this year to 34 per cent in 2030, the […]
