Page 496 - Industry News
E-commerce market to hit $325 billion by 2030, rural India to lead growth
Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and a robust, low-cost internet penetration
 "E-commerce market to hit $325 billion by 2030, rural India to lead growth")
Private investment push: 200 more Gati Shakti terminals on the cards
77 of the first 100 GCTs announced have already been commissioned at a cost of Rs 5400 crore, says official
 "Private investment push: 200 more Gati Shakti terminals on the cards")
Taiwan keen to help India become leader in chip space, says Jason Ho
Ho says Taiwan has sufficient capacity that can be allocated to India, which has designing capability and market demand
 "Taiwan keen to help India become leader in chip space, says Jason Ho")
Right to a future: What would it mean to have a law on climate change?
The apex court has made an 'observation' on the right to be free from the adverse effects of climate change. Can this pave the way to a cleaner future?
 "Right to a future: What would it mean to have a law on climate change?")
Adani Electricity, Tata eye bigger pie in Mumbai power distribution
Battle for high-value customers heats up amid increased EV penetration
 "Adani Electricity, Tata eye bigger pie in Mumbai power distribution")
Private players will make space more accessible: Isro chief Somanath
Answering a question on Chandrayaan-4, Somanath also shared an update on India's next moon mission
 "Private players will make space more accessible: Isro chief Somanath")
Ministry of Mines to hold two-day summit on critical minerals from Monday
These sessions will provide valuable opportunities for business-to-business collaboration and knowledge sharing
 "Ministry of Mines to hold two-day summit on critical minerals from Monday")
Need to be watchful about steel imports amid surge, says T V Narendran
Steel consumption is expected to grow 8-10 per cent in the ongoing 2024-25 fiscal year, he said in reply to a separate question on demand
 "Need to be watchful about steel imports amid surge, says T V Narendran")
China's share in industrial goods imports jump to 30% from 21%: GTRI
The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said
 "China's share in industrial goods imports jump to 30% from 21%: GTRI")
448 infra projects hit by cost overrun of Rs 5.55 trillion in Oct-Dec: Govt
Out of 1,897 projects, 56 projects were ahead of schedule, 632 projects were on schedule, 902 projects were delayed with respect to the original schedule of completion
 "448 infra projects hit by cost overrun of Rs 5.55 trillion in Oct-Dec: Govt")
India becoming attractive for clinical trials, says pharma industry leaders
Some of the major changes are making clinical trials in India much more feasible, scalable, and predictable
 "India becoming attractive for clinical trials, says pharma industry leaders")
USFDA gathering information on Indian spices after alleged contamination
Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix as well
 "USFDA gathering information on Indian spices after alleged contamination")
Electronic manufacturers should ensure nation's security interests: IT secy
Krishnan also pointed out that the supply chain industry needs to be resilient and not impacted by any external factors including geopolitical risks
 "Electronic manufacturers should ensure nation's security interests: IT secy")
Premiumisation spurs domestic spirits market to record highs post-pandemic
Since FY21, the annual sales of spirits in India have surpassed the combined consumption of prominent European markets such as the UK, France, and Spain
 "Premiumisation spurs domestic spirits market to record highs post-pandemic")
RBI lays out norms for voluntary conversion of SFBs into universal banks
AU SFB, a few others seen as contenders for conversion
 "RBI lays out norms for voluntary conversion of SFBs into universal banks")
Consumer companies now shedding 'health' tag for powder food drinks
Hindustan Unilever (HUL), the highest market share holder in the nutrition category with Horlicks and Boost, has renamed its portfolio as Functional Nutrition Drinks
 "Consumer companies now shedding 'health' tag for powder food drinks")
India's widebody aircraft fleet has remained stagnant for last 15 years
This has allowed foreign carriers grow in the country's market
 "India's widebody aircraft fleet has remained stagnant for last 15 years")
Mobile makers can offer market for fabs if they make 10-14 nm chips
The total demand for semiconductors in the country varies from $22 billion to $24 billion, most of which is currently imported. The requirement from mobile devices is nearly half of this demand
India emerges as a curious mkt in global restructuring of industrial majors
Linde Plc, Siemens, and GE are three such entities that have made changes to their global business structures in the past few years
 "India emerges as a curious mkt in global restructuring of industrial majors")
Cotton yarn, fabric, handloom exports up 7% to $11.7 bn in FY24, shows data
In 2022-23, these exports stood at USD 10.95 billion. This is one of the key product categories out of 30 closely monitored by the ministry
 "Cotton yarn, fabric, handloom exports up 7% to $11.7 bn in FY24, shows data")