Other Briefings
New National Manufacturing Policy Out by June
Jan. 11 – India will release a national manufacturing policy in June to attract more local and foreign investment in the sector. The Center will also be taking other initiatives along with states to promote manufacturing sector, Commerce and Industry Minister Anand Sharma said during the Economic Times Award function reports the Press Trust of […]
New Policy to Turn Delhi into IT Hub
Jan. 5 – A recently approved industrial policy for New Delhi aims to consolidate business in the capital to turn it into a high-tech, knowledge-based service sector and IT hub. Two special economic zones will initially be set up in Baprola, one for gems and jewelery and the other for IT and information technology enabled […]
India Raises Export Duties on Iron Ore by 5 Percent
Dec. 29 – In an attempt to curb exports and feed growing domestic demand for iron ore, the Indian government has increased the export duty on iron ore by 5 percent. According the Indian Finance Ministry, the government has raised export duty on iron ore lumps to 10 percent from 5 percent and on iron […]
Garment Exports Drop 17 Percent in October
Dec. 15 – India’s apparel exports declined by 17 percent in October as it lost market share to China, Vietnam and Bangladesh due to the higher cost of fabrics in the local market. Indian apparel exports reach US$603 million in October with exporters complaining of higher cotton prices that has inevitably hiked the cost of […]
Bugatti Supercar to Launch in India
Dec. 15 – Volkswagen will soon launch the legendary French car Bugatti in India, probably the fastest and most expensive car to be released in the country. The Bugatti Veyron, which can reach speeds of more than 400 kilometers per hour, will cost between US$1.2 million and US$2.5 million when it hits the Indian roads.
India Successfully Decodes Human Genome
Dec. 10 – India has successfully decoded the human genome locally making it part of the only six countries in the world to do so. Other countries who have been able to accomplish the feat are the United States, United Kingdom, China, Canada and South Korea. India’s Council of Scientific and Industrial Research (CSIR) says […]
Reliance Group Partners with U.S. Company for 3-D Movies
Dec. 9 – Major Indian conglomerate Reliance ADA Group will partner with a Los Angeles-based company to convert movies into 3-D in a US$40 million facility in Mumbai set to open in January. When it opens the facility will be the largest of its kind in the world also capable of post-production, visual effects and […]
India to Auction Off Radio, Internet Bandwidth Slots Next Year
Dec. 8 – The country’s Department of Telecommunications will hold an auction on January 14, 2010 to sell four slots of bandwidth for 3G phone services and three slots for broadband internet services. Bidding will start at INR35 billion or about US$758 million for a slot of 3G bandwidth and INR17.5 billion or US$378.8 million […]
