Adani Group is mulling a foray into defence and aerospace production, keeping pace with several other big industrial groups’ drives into the “Make-in-India” initiative. Big defence spending is in the offing as defence is being seen as a sunrise sector. The place pitched for the possible manufacturing is an obvious choice: Mundra in Gujarat (it is the country’s largest private port and SEZ), utilizing its sea and land linkages. Adani executives—including Karan Adani, the elder son of Gautam Adani, the chairman of the Adani Group—have met delegates from large overseas defenc
Forecast by the International Monetary Fund (IMF) is a fulfilment now as India’s economy is growing faster than China’s. India has been moving in the opposite direction while many countries around the world are dealing with low growth. It’s definitely a special moment for India with so much growth prospect in front of it! Observing India’s third-quarter GDP growth and comparing it with that of China’s in the fiscal 2014–2015, the IMF had foretold in March 2015 itself that India would surpass China’s economy and soon become the fastest growing economy in the world. Amid the shak
The United Kingdom and Japan are poised to finalise a deal worth £18 billion (US$24 billion), aiming to boost the economy, strengthen technology collaboration and create new job opportunities in both countries. UK Prime Minister Keir Starmer is set to announce, following discussions with Japanese Prime Minister Sanae Takaichi in London, leading the upcoming G7 Summit. According to reports, the package will include more than 10 commercial and government agreements spanning investment, clean energy and advanced technology. A crucial part of the proposed partnership is a £9 billion offsh
Union Commerce and Industry Minister Piyush Goyal said that Prime Minister Narendra Modi’s leadership over the past 12 years has transformed India into a self-reliant nation by strengthening the confidence of its people. In Mumbai, Goyal said India has concluded 9 Free Trade Agreements (FTAs) under Modi, allowing market access across 38 developed countries. He noted that the agreements are creating new opportunities for Indian entrepreneurs, farmers, fishermen and women-led businesses while supporting employment generation and economic growth. The minister said the Prime Ministe
Dehradun’s farmed litchi has entered the European market for the first time, with the inaugural consignment of the premium fruit exported to Italy under the facilitation of the Agricultural and Processed Food Products Export Development Authority (APEDA). The first shipment, containing one ton of fresh litchi, was dispatched on June 18, marking a significant milestone for Uttarakhand’s horticulture sector and India’s fresh fruit export ambitions. Known for its sweetness, bright red colour, delicate aroma and superior pulp quality, Dehradun litchi enjoys a strong reputation among c