In textile sector good news for India is that due to rising labour costs,...

For several years, India has enjoyed the position of being the second largest producer exporter of textiles in the world largest being China. The good news for India is that due to rising labour costs, China is gradually losing its competitive edge. Other factors contributing to the downfall of China’s textile exports include appreciating currency value, rising material & energy costs and a high focus on the domestic market. The decline in China’s market share in textiles provides an opportunity for India to excel in this sector.The Technology Upgradation Fund Scheme is anticipated to render a growth of 11.5 percent in cloth production, 15 percent in value exports and an additional employment of almost 15.81 million workers.

India just have 9% share of patented drugs. This shows that Indian Pharma industry...

India has 3rd largest drugs production by volume and 13th by value. It is because of generic drug production India is 3rd biggest manufacturer of drugs. It was one of the few sectors in which FDI in which more than 50% of FDI (Infact 74% of FDI) was allowed from the start. It gave boon to Indian pharma market.India just have 9% share of patented drugs. This shows that Indian Pharma industry lacks innovation in developing new drugs. Thus, India wants to succeed it has to develop and promote innovation and move up the value chain.

IT industry to achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next...

A majority of IT business will come from digital transformation projects in coming years, says C P Gurnani, Managing Director (MD) and Chief Executive Officer (CEO), Tech Mahindra . Gurnani is confident that the IT industry will achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next five years and will meet the 2020 revenue target of USD 225 billion.

Indian automobile industry can contribute over 12 per cent to the country's GDP ...

Currently, the automobile industry is contributing 7.1 per cent Indian automobile industry can contribute over 12 per cent to the country’s GDP and generate around 6.5 crore additional jobs over the next decade, a top Maruti Suzuki India official said today. “Our vision is that over the next decade, the Indian automobile sector must contribute in excess of 12 per cent of the country’s GDP. We (auto industry) want to create nearly 65 million additional jobs by 2026,” Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa today said at an event here.

Virgin group, and Bharti Enterprise, OneWeb will be launching its satellites in 2018.

Companies racing to launch satellites to provide super fast internet. About 150 satellites weighing 120 kg each would be orbiting the earth taking turns in beaming internet down from the sky. Thus forming a network in space. With the first satellite scheduled for launch in 2018, Astrome is currently in talks with different segments of the markets to provide its internet service. However, “launching the satellite and testing it will be our top priority,” said Prasad HL Bhat, CTO, Astrome Technologies. “Once the network is operational, all  .. Asked about the feasibility of satellite internet, Dr. KT Alex, former Director of ISRO Satellite Centre Bangalore said, “The concept of providing internet from space is viable, however manufacturing satellites costs a lot of money. Once you have the money for investment it is possible”. The Indian firm is currently backed by IISC and other private investors, “We raise funds in stages as per our need,” Satak said, adding that they receive business mentoring from Cisco and Analog dev ..

Textile industry in india provide 21 percent employment (105 million – second largestemployment provider next...

The Economic Survey 2015-16 has stated that India has emerged as the fastest growing economy among other economies. India has become a dream market for most marketers across many products segments. In textiles and apparel specifically, domestic consumption has grown at over 13 percent per annum over the last five years, fuelled by the demographic advantages of India’s population, increasing urbanization, growing disposable income and higher marked penetration of organized retail. India’s export of textiles and apparel has also grown at over 11 percent in the last five years. The Ministry of Textiles is in the process of redrafting the new Textile Policy 2016 which is likely to offer impetus to the Industry to grow further.

In dairy industry organised sector is expected to grow at a CAGR of 19.5 % during...

The dairy industry outlook is promising with Indian dairy consumption expected to surpass production by 2021. The dairy industry in value terms is growing at a healthy rate of 15% year-on-year. The organised sector is expected to grow at a CAGR of 19.5 % during 2015-2020 as against 13.2% for the unorganised sector during the same period. 

Vision Document projects Indian textile and apparel exports to grow from $39 billion to...

India is the world’s second - largest textile producer after China. It has a large raw material base and Capable of producing a wide variety of textiles and end products. India has one of the most cost competitive textile manufacturing base for all types of products across the entire value chain. Labour cost in India is lower than most of the competing countries except Bangladesh, Ethiopia and Kenya. Although power cost is on the higher side but still cheaper than China and Cambodia. Buyers look at India as the next alternative of China as it offers big domestic market, better adherence to compliance and political stability. Government of India, National Textile Policy, vision Document projects Indian textile and apparel exports to grow from $39 billion to $300 billion by 2025.

Large vacuum to be addressed in air conditioner ownership, with only estimated around 5%...

After enjoying a huge market share in air-conditioning (AC) and refrigeration segment,Blue Star has now forayed into water purifier business, says B Thiagarajan, Joint MD of the company. Company will offer residential water purifiers for the first 6 months, and eventually enter commercial water purifier. Thiagarajan added that residential water purifier markets is worth Rs 4,200 crore and he aims for Blue Star to enjoy market share of 15 percent. Growing at a compound annual growth rate (CAGR), almost 8 million units of water purifier are sold every year, in which electric purifiers form 70 percent of the total unit.

India is a leading exporter of rice, accounting for close to 25% of the...

India is a leading exporter of rice, accounting for close to 25% of the global rice trade. According to All India Rice Exporters Association (AIREA), India exported about 11.9 million tons of rice (basmati and non-basmati) in FY15, an increase of 9.4% from about 10.9 million tons during FY14.

BSE Ltd is expected a total cash turnover to post 15% CAGR over FY17-20E...

NSE has market share of ~100% in the derivatives segment, and ~84% in the cash segment. BSE has been losing market share in the cash segment to NSE since 2006, but this has now stabilised in the last 3-4 years. In FY17, BSE had ~16% market share in the cash market. BSE/NSE cash turnover increased at CAGR of 5.5/13.2% over FY05 FY17 respectively. The Central Depository Services Ltd (CDSL) is the 2nd largest depository in India, with 44% market share. BSE holds 24% stake in CDSL. EBITDA has witnessed 22% CAGR over FY13-17 . CDSL revenue/EBITDA/PAT to increase at CAGR of 19/23/17% over FY17-20E.

Logistics to get infrastructure status soon, says official

The logistics sector will soon get the infrastructure status, which would help the segment raise funds at competitive rates and boost external trade, a senior government official said. The proposal...