Economy

News on Indian Economy

Government Plans To Pull In 324 Companies Including Tesla, Glaxo: Report

The government proposes to provide the manufacturers land to set up a factory along with power, water and road access, according to draft of the document prepared by the Department for Promotion of Industry and Internal Trade and Invest India. Other companies that officials will reach out to include Eli Lilly & Co., South Korea’s Hanwha Chemical Corp., and Taiwan’s Hon Hai Precision Industry Co.

UPL Acquires Chinese Agrochem Firm for ₹ 95 Crore

The company entered the list of the top five agrochemicals players globally with over US$ 5 billion in combined revenue and around US$ 1 billion in pre-tax profit after the company announced its largest acquisition of the Arysta LifeScience, an US-based company for an amount of US$ 4.2 billion last year in July.

India has Bagged 34th Position in 2019 Travel & Tourism Competitiveness Index

Ministry of Tourism promotes India as a holistic destination and as part of its on-going activities to promote various tourism destinations and products in the different States and Union Territories of the country including the State of Madhya Pradesh, Uttar Pradesh and Tripura. In addition to advertisement, Promotions are also undertaken through the website and Social Media accounts of the Ministry. In addition, the India Tourism Offices in India and overseas undertake various promotional activities with the objective of showcasing the tourism potential of the different States/UTs.

Dalmia-OCL Sets Up Integrated Snorkel Manufacturing Line at Rajgangpur, Odisha

With an annual capacity to manufacture 240 sets, the new Snorkel Manufacturing line features high-accuracy automated equipment like zero-tolerance grinding machines and high-temperature dryers to produce Snorkels that match global standards. Dalmia-OCL’s onsite R&D centre Dalmia Institute Scientific and Industrial Research (DISIR), will also help accelerate further innovations in refractory technology for clean steel production.

Maldives Style Water Villas in India Soon

Looking to develop high-value tourist destinations, Niti Aayog, the government’s think-tank, has prepared a Rs 1,500 crore water and land villa project in the lagoons of Lakshadweep and the Andaman & Nicobar Islands.