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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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PM Modi, His New Zealand Counterpart Agree To Advance Bilateral Ties
PM Modi received a congratulatory call from his New Zealand counterpart Christopher Luxon on his re-election as the two leaders agreed to advance their bilateral ties in sectors such as trade and economic cooperation, pharmaceuticals, education.
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Budget 2023: Centre Must Promote Research, Give Incentives To Boost Investment- Pharma Sector
The government is likely to retain its focus on the pharmaceutical sector in the upcoming Union Budget as India emerges from multiple waves of the coronavirus pandemic.
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Logistics Sector May Grow By 7-9% In 2022-23: ICRA
The logistics sector is projected to record a growth of 7-9 per cent in the current fiscal, a report by ICRA has said
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Budget 2022: Pharma Sector Seeks Greater Fund Allocation
The pharma industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities
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PM Modi To Inaugurate 1st Global Innovation Summit Of Pharma Sector On Thursday
Prime Minister Narendra Modi will inaugurate the first global innovation summit of the pharmaceutical sector on Thursday via video conferencing.
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Vaccination Push Has Brightened Near-Term Prospects Of Economy, Says RBI
The near-term prospects for the Indian economy have brightened with the tapering of the second wave as well as aggressive vaccination push.
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India Attracted Highest Ever FDI Inflow Of $81.72 Billion During 2020-21
FDI equity inflow grew by 19 per centin 2020-21 and were$59.64 billion,compared to $49.98 billion in 2019-20.
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India Reaches Out To US Companies Over Investment In Pharma Sector
India has reached out to top American pharma companies seeking investment in the country's pharmaceutical and medical devices sector, which gains urgency in view of a devastating second wave of the coronavirus pandemic.
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Centre Exempts 3 Sectors From Liquid Oxygen Use Order
Just a day after banning the use of liquid oxygen for non-medical purposes, the Ministry of Home Affairs has allowed three sectors -- ampules and vials, pharmaceutical and defence forces -- to use the commodity.
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Foreign Secretary Calls For India And Russia To Diversify Trade Basket
India and Russia should diversify their trade basket and economic exchanges by going beyond the traditional sectors and cooperating in new areas like railways, transport and logistics, pharmaceuticals, minerals and steel that will add momentum to the bilateral ties, Foreign Secretary Harsh Vardhan Shringla has said.
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Covid-Hit Global Economy Projected To Grow At 5.5% in 2021: IMF
India manufactures more than 60 per cent of all vaccines sold across the globe, and while its $40 billion pharmaceutical sector is not yet involved in the production of the expensive Pfizer Inc and Moderna shots, the nation will play a pivotal role in immunising much of the world
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India, A True Friend, Using Its Pharma To Help Global Community Fight Covid: US
The Joe Biden-led US government has applauded India for sending supplies of COVID-19 vaccine to a host of South Asian nations, calling India "a true friend" who is using its pharmaceutical sector to help the global community.
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Nifty Closes Above 14,000 For First Time As Markets Extend Rally
Domestic stock markets surged to all-time highs on the first session of year 2021, with the NSE Nifty 50 index settling above the 14,000 mark for the first time. The S&P BSE Sensex index jumped 229.03 points, or 0.48 per cent, to an all-time high of 47,980.36 during the session, and the broader NSE Nifty 50 benchmark 68.10 points, or 0.49 per cent,...
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Rangebound Trade, Volatility Likely In Markets As Year Comes To A Close: Analysts
IT and pharmaceutical shares continued to rise, with the sectoral gauges on the NSE up 3.23% and 1.15% respectively in the holiday-truncated week.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
PM Modi, His New Zealand Counterpart Agree To Advance Bilateral Ties
PM Modi received a congratulatory call from his New Zealand counterpart Christopher Luxon on his re-election as the two leaders agreed to advance their bilateral ties in sectors such as trade and economic cooperation, pharmaceuticals, education.
-
Budget 2023: Centre Must Promote Research, Give Incentives To Boost Investment- Pharma Sector
The government is likely to retain its focus on the pharmaceutical sector in the upcoming Union Budget as India emerges from multiple waves of the coronavirus pandemic.
-
Logistics Sector May Grow By 7-9% In 2022-23: ICRA
The logistics sector is projected to record a growth of 7-9 per cent in the current fiscal, a report by ICRA has said
-
Budget 2022: Pharma Sector Seeks Greater Fund Allocation
The pharma industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities
-
PM Modi To Inaugurate 1st Global Innovation Summit Of Pharma Sector On Thursday
Prime Minister Narendra Modi will inaugurate the first global innovation summit of the pharmaceutical sector on Thursday via video conferencing.
-
Vaccination Push Has Brightened Near-Term Prospects Of Economy, Says RBI
The near-term prospects for the Indian economy have brightened with the tapering of the second wave as well as aggressive vaccination push.
-
India Attracted Highest Ever FDI Inflow Of $81.72 Billion During 2020-21
FDI equity inflow grew by 19 per centin 2020-21 and were$59.64 billion,compared to $49.98 billion in 2019-20.
-
India Reaches Out To US Companies Over Investment In Pharma Sector
India has reached out to top American pharma companies seeking investment in the country's pharmaceutical and medical devices sector, which gains urgency in view of a devastating second wave of the coronavirus pandemic.
-
Centre Exempts 3 Sectors From Liquid Oxygen Use Order
Just a day after banning the use of liquid oxygen for non-medical purposes, the Ministry of Home Affairs has allowed three sectors -- ampules and vials, pharmaceutical and defence forces -- to use the commodity.
-
Foreign Secretary Calls For India And Russia To Diversify Trade Basket
India and Russia should diversify their trade basket and economic exchanges by going beyond the traditional sectors and cooperating in new areas like railways, transport and logistics, pharmaceuticals, minerals and steel that will add momentum to the bilateral ties, Foreign Secretary Harsh Vardhan Shringla has said.
-
Covid-Hit Global Economy Projected To Grow At 5.5% in 2021: IMF
India manufactures more than 60 per cent of all vaccines sold across the globe, and while its $40 billion pharmaceutical sector is not yet involved in the production of the expensive Pfizer Inc and Moderna shots, the nation will play a pivotal role in immunising much of the world
-
India, A True Friend, Using Its Pharma To Help Global Community Fight Covid: US
The Joe Biden-led US government has applauded India for sending supplies of COVID-19 vaccine to a host of South Asian nations, calling India "a true friend" who is using its pharmaceutical sector to help the global community.
-
Nifty Closes Above 14,000 For First Time As Markets Extend Rally
Domestic stock markets surged to all-time highs on the first session of year 2021, with the NSE Nifty 50 index settling above the 14,000 mark for the first time. The S&P BSE Sensex index jumped 229.03 points, or 0.48 per cent, to an all-time high of 47,980.36 during the session, and the broader NSE Nifty 50 benchmark 68.10 points, or 0.49 per cent,...
-
Rangebound Trade, Volatility Likely In Markets As Year Comes To A Close: Analysts
IT and pharmaceutical shares continued to rise, with the sectoral gauges on the NSE up 3.23% and 1.15% respectively in the holiday-truncated week.
