A tumbling Indian rupee wreaked havoc for a large number of small to midsize business in Asia’s third biggest economy. But a few sectors benefited from the weaker rupee.
A draft bill to monitor and regulate real estate development in India, Asia’s third biggest economy, in its present form, would give a regulator powers to grant or revoke licenses. Corrupt officers could use these new found powers to their advantage.
International electrical lighting manufacturers are flocking to explore business opportunities in India, a Rs. 9,300 crore market for lamps, luminaires and accessories, according to a trade body representing small to large players in the industry.
This B2B forum will help forge business alliances in several sectors.
The cleaning industry in India is at the threshold of becoming more organized and consolidated, but its representation at the policy-making level needs more thrust.
Exports of vegetables, fruits and leather goods from West Bengal to Britain have risen many folds, thanks to the ongoing London Olympics. Vegetables like beans, gourd, long gourd and green chili and fruits such as papaya, guava and jackfruit grown in the state are in high demand due to the July 27-August 12 London Games.
Information technology (IT) trade association Nasscom is expecting an 11-14 percent growth for the current year, its president Som Mittal said. "The growth is contributed by mid and small companies that are growing around 20 percent," he said, adding that the projections will be reviewed in October.
Leading tea makers from India will showcase different varieties of tea during the July 27-August 12 London Olympics to promote the brew in Britain. Premium brands of Indian tea companies will be available for sampling at London's Southbank Centre, Harrods and Heathrow Airport during the event.
With Gujarat planning to spend INR420 crore in the current fiscal to boost tourism, a senior official said that the state was eyeing a 25 percent rise in inflow of tourists.
The searing heat in Delhi once again pushed the ever-rising power demand to a new high of 5,454MW on July 2, power officials said, adding that the consumption will cross the projected demand of 5,500MW.