New Delhi, June 24 (IANS) India can significantly strengthen its position in the global pharmaceutical industry by moving beyond volume-led exports and focusing on higher-value products such as biosimilars, speciality drugs and advanced therapies, according to Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.In an interaction with IANS, Sharma said India already enjoys a leadership position in the global generics market, accounting for around 20 per cent of generic medicine exports w…
Latest global competitiveness News & Updates
Surat, May 2 (IANS) Micro, small, and medium enterprises (MSMEs) were identified as a key driver of India’s push towards global competitiveness and self-reliance during discussions at the MSME Conclave held as part of the Vibrant Gujarat Regional Conference (VGRC) in Surat. At the programme, experts focused on digital transformation, supply chain integration, and international market access.The session, held at Auro University on the second day of the conference, centred on productivity …
New Delhi, April 26 (IANS) India must emerge as a global leader in critical and emerging technologies to secure its technological sovereignty and define its place in the world order, Union Minister of State Dr. Jitendra Singh said on Sunday.Addressing the PAN-IIT Alumni Conference in Los Angeles virtually, Singh asserted that India can no longer remain merely a consumer of technology and must instead become a creator, designer and global driver of innovation.“This shift is essential for the co…
New Delhi, April 1 (IANS) The government on Wednesday announced the extension of the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme for exports of apparel, garments and made-ups until September 30, 2026, or until the scheme is approved under the 16th Finance Commission cycle, whichever comes earlier.The extension will continue under the existing guidelines without any changes, the Ministry of Textiles said.Launched on March 7, 2019, the RoSCTL scheme aims to refund embedded state a…
New Delhi, March 28 (IANS) Exports from operational special economic zones (SEZs) totalled over Rs. 11.70 lakh crore in 2025‑26 (till December 2025), marking a 32.02 per cent increase from 2024, the government said on Saturday.There are 368 notified SEZs in India (as of February end) and the total investment in those areas stand at Rs 7.86 lakh crore, the official statement said.SEZs employed over 31.73 lakh people (as of December 2025), it added.The Union Budget 2026‑27 proposed a special o…
New Delhi, Feb 7 (IANS) The US trade agreement framework represents a historic milestone for India’s textiles and apparel sector, industry leaders said on Saturday.On behalf of the entire textile and apparel industry, Dr A Sakthivel, Chairman of the AEPC (the official body of apparel exporters in India), welcomed the India-US joint statement on the trade deal. “The coming decade is poised to be India’s decade in textile trade, as the country emerges as one of the most preferred sourcing de…
Washington, Feb 2 (IANS) Leading US-India business groups welcomed India’s Union Budget 2026–27, saying it reinforces growth, fiscal discipline, and India’s role as a key economic partner for the United States during global uncertainty.US-India Business Council (USIBC) and the US-India Strategic Partnership Forum (USISPF) said the budget underscored India’s commitment to economic growth, resilience, and global competitiveness, while strengthening the foundations for deeper bilateral comm…
Davos, Jan 20 (IANS) The real challenge is not whether we should transition, but how to deliver sustainability at scale and speed, Pralhad Joshi said on Tuesday.At the World Economic Forum Annual Meeting 2026 here, Union Minister for New and Renewable Energy Pralhad Joshi said the defining challenge of this decade is not about deciding on sustainability, but about delivering it at scale, at speed and in a way that strengthens the economy.Speaking at multiple high-level sessions, Joshi underlined…
Washington, Jan 13 (IANS) US lawmakers on Monday said India is emerging not merely as a defence buyer or technology market, but as a critical partner in artificial intelligence, advanced manufacturing, and Indo-Pacific security.At a CSIS discussion, Representative Rich McCormick warned against restricting India’s access to advanced technologies. “If we start limiting access to our products, that’s going to be bad for us as a country,” he said.McCormick argued that keeping India aligned w…
New Delhi, Jan 1 (IANS) Under the Credit Guarantee Scheme for Exporters (CGSE), 1,788 applications amounting to Rs 8,599 crore have been received till December 31, out of which a total of 716 applications have been sanctioned amounting to Rs 3,141 crore, which reflects a strong confidence among exporters and MSMEs, the government said on Thursday.CGSE scheme is open till March 31, 2026 or until guarantees of value upto Rs 20,000 crore are issued. The scheme is being implemented by Department of …