Government setting up 7 PM MITRA Parks with world class infrastructure to give a boost to Textiles Sector
NEW DELHI : The Government has approved setting up of 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites (including a Greenfield project in Virudhanagar Tamil Nadu) with
Commerce Secretary participates in the 14th BRICS Trade Ministers’ meeting
NEW DELHI : Commerce Secretary Shri Sunil Barthwal attended the 14th BRICS Trade Ministers’ Meeting held on 26 July 2024 under the BRICS Presidency of Russian Federation. The theme of BRICS this year is
Singapore top investor in India – Mauritius, US, Japan and Netherlands in the list of top 5 FDI inflows countries in FY24
NEW DELHI : In the fiscal year 2023-24, Singapore emerged as the largest source of foreign direct investment (FDI) into India, despite a 31.55% drop in inflows to $11.77 billion. The total FDI —
Logistics funding drops 90% in two years : McKinsey
After reaching an unprecedented $25.6 billion in 2021, venture funding for logistics start-ups fell to just $2.9 billion in 2023 — a two-year plunge of nearly 90 percent, and the lowest level of funding
Indian textile exports rise on demand from CIS and South Asian markets
NEW DELHI : Indian textile exports have increased 4.15% in the first quarter of the current fiscal year, driven by rising demand from Commonwealth of Independent States (CIS) and South Asian markets. According to
German lens maker Carl Zeiss invests ₹2,500 crore in new lens manufacturing facility in India
BENGALURU : Carl Zeiss India, the Indian arm of German optics, opto-electronics, lenses and medical technology brand Carl Zeiss, said it would start production of lenses in India from June 2025. The firm has acquired
Worldwide Shipping companies focussing their attention to Kerala’s Vizhinjam Port
THIRUVANANTHAPURAM : The maritime world is abuzz with the recent developments at Vizhinjam Port, where some of the globe’s leading shipping companies are gearing up for operations. This southern Indian port is emerging as
Angel tax abolition to further ease funding winter for Indian startups
NEW DELHI : The abolition of angel tax will further ease the funding winter for the Indian startup ecosystem as the tax burden will go away for foreign investors, industry experts said on Friday.The