New Delhi, April 16 (IANS) The Central government has notified the setting up of an SEZ by Tata Semiconductor Manufacturing Private Limited exclusively for electronic hardware and software, including IT/ITES, at Gujarat’s Dholera, the Ministry of Commerce and Industry said on Thursday.Spread across 66.166 hectares and poised to provide employment to 21, 000 persons, the SEZ is designed to support electronic hardware, software, and IT-enabled services, and includes enabling infrastructure and a d…
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New Delhi, April 15 (IANS) The industrial and warehousing demand across the top eight cities remained strong in the January-March period, witnessing a 22 per cent annual growth with 11 million square feet of leasing, a report said on Wednesday.Delhi-NCR continued to drive demand during the quarter, with 28 per cent share, followed by Chennai with 21 per cent share, according to the Colliers report. Notably, leasing in Hyderabad and Bengaluru also remained robust, with Grade A industrial and ware…
Mumbai, April 7 (IANS) In a major step towards achieving the ‘Viksit Maharashtra’ objective within the ‘Viskit India 2047’ vision, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis on Tuesday gave approval for the establishment of a new independent department for Electronics, Information Technology, and Artificial Intelligence.The Directorate of Information Technology will be transformed into the Directorate of Electronics, IT, and AI. A new IT Cadre, comprising permanent posi…
New Delhi, April 7 (IANS) As global supply chains realign and businesses look at setting up facilities outside China, India has emerged as a long-term strategic investment destination, with competitive export potential for Japan’s mid-sized companies to partner Indian MSMEs (micro, small and medium enterprises) to drive growth.The India–Japan ‘Joint Vision for the Next Decade’, adopted during Prime Minister Narendra Modi’s visit to Tokyo in August 2025, encourages cooperation among SMEs (sma…
New Delhi, March 26 (IANS) Strong domestic consumption and rising investments are expected to help India maintain GDP growth above 7 per cent in the next financial year 2026–27, a report said on Thursday.The data compiled by Assocham noted that India’s GDP is expected to grow by 7.6 per cent in the financial year 2025-26, with growth likely to stay above 7 per cent in FY27 as well.This steady performance comes even as global economic conditions remain uncertain due to geopolitical tensions, …
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, Feb 20 (IANS) The Centre’s Production Linked Incentive (PLI) Scheme has succeeded in attracting investments of over ₹2.16 lakh crore in the manufacturing sector and created more than 14.39 lakh direct and indirect jobs as on December 31, 2025, according to a statement issued by the Ministry of Commerce and Industry on Friday.Cumulative sales of manufacturing units set up under the scheme exceeded Rs 20.41 lakh crore, while total exports crossed Rs 8.3 lakh crore. The government ha…
New Delhi, Feb 19 (IANS) India’s recent interim trade agreement with the United States, which resulted in a reduction in US tariffs, is being increasingly seen worldwide as reflecting New Delhi’s strategic autonomy in taking decisions that are in national interest.“India’s response, which is seemingly rooted in a deliberate policy of strategic autonomy, reveals a pragmatic approach that prioritises national interest without surrender, as many pundits had suggested,” according to an art…
New Delhi, Feb 16 (IANS) As Indian markets’ medium‑term risk‑reward dynamics improve, investors wanting aggressive portfolios can consider 60–65 per cent equity allocation, with conservative investors maintaining higher fixed‑income exposure and a tactical cash buffer of about 5 per cent, a report said on Monday.PL Wealth, the wealth management arm of PL Capital, said in the report, Indian equity markets are navigating a phase of consolidation but retain a robust structural trajectory, w…
New Delhi, Feb 5 (IANS) India’s fiscal strategy has undergone a clear and deliberate shift over the past decade, with the expenditure mix increasingly oriented towards capital-led growth, according to a new report.Notably, the FY27 Budget reinforces this trajectory, reflecting the government’s conviction that durable growth, private investment crowding-in, and macroeconomic stability are best achieved through sustained public capital formation rather than short-term fiscal stimulus. As a res…