The wood products industry in India is a vertical which is on the threshold of a change and the unfurling of several opportunities. Industry veteran Dr. BBL Madhukar, Secretary General of BRICS Chamber of Commerce and Industry, highlighted some significant trends influencing the wooden industry.
The government of Uttar Pradesh seems to have taken an active stance towards reforming policies for investments in the state and motivating the business fraternity. Akhilesh Yadav, Chief Minister of Uttar Pradesh, said that it is the state's priority to revamp investment-related policies across sectors.
The rechargeable torch industry in Indore, Madhya Pradesh, which has been supplying its products across the country, is looking for opportunities to enter international markets, according to manufacturers.
A pure-play research company focusing on technical analysis, CapitalVia Global Research (CV) provides real-time financial market recommendations to consumers. Started in the Tier-2 city of Indore, the firm has witnessed a rapid growth in business.
One of India’s largest automobile engineering clusters, Faridabad, located near national capital Delhi, comprises of SMEs manufacturing footwear, garments, engineering and machine tools, medical equipment, books, among other things.
Once known as the Manchester of India, Kanpur city has made a strong impact on India’s business landscape, and at the global level, too. Situated around 80km from Lucknow, the capital city of Uttar Pradesh, Kanpur stands on the banks of the river Ganga.
Building better and transparent business processes; and delegation are two aspects that SMEs should look into, said P.S.Rathore, a top business coach. Speaking to SupportBiz, Rathore shared insights on entrepreneurship in India.
India's aluminium demand is expected to grow at seven to eight percent annually, BL Bagra, Chairman of the state-run National Aluminium Company (NALCO) said. "The demand in India is poised to grow at 7 to 8 per cent annually. The major drivers for this growth would be from power transmission, construction and automobile sectors," said Bagra at the company's 31st annual general meeting in Bhubaneswar.
Indian companies are willing to step up cooperation with Belarusian partners in the IT industry, said India's Ambassador Manoj Bharti. Some Indian companies see Belarus as an outsourcing territory for their software developments, which they plan to sell to Europe, Manoj Bharti told the media.
The first-of-its-kind move by the Indian government to introduce national certification standards for organic textiles will push their exports greatly, reports The Hindu Business Line.