India is Top Six Manufacturer says UNIDO

Headquartered in Vienna, Austria, the United Nations Industrial Development Organization (UNIDO) has  just released its 2015 Yearbook. A report on global manufacturing output mentions China at the top of the list of the top 10 industrial producers followed by the U.S., Japan, Germany, and Korea. India at the sixth place saw its rank improve three places from the previous assessment reports Business Standard.

The global growth rate of manufacturing production has slowed to 2.8 percent in 2015. This slowdown could be due to reduced manufacturing growth rates recorded by major developing and emerging economies.

In India, Manufacturing Value Added has grown by 7.6 percent in 2015 compared to 2014.

April 5, 2016   No Comments

India Joins Nanotech-Enabled Drug Delivery Market

India’s National Institute of Pharmaceutical Education and Research (NIPER) located at Mohali, in the northern state of Punjab, has been able to manufacture raw material for generating nanocrystal-based medicines. The U.S. and Ireland are other countries where this capability exists.

NIPER has obtained an Indian patent for the technology and has applied for the U.S. and the European patents. The technology will cut the cost of such drugs by almost half, claim experts who have developed the technology in NIPER, reports The Times of India. NIPER’s process still remains in lab trials, but the institution has entered a development and commercialization agreement with  Indian Windlas Biotech.

Dr. K. K. Bhutani acting director of NIPER said, “Unlike the available and patented technology abroad, the indigenous process generates nanocrystals directly as a solid powder, rather than as a nano-suspension in liquid that has to be subsequently converted into a solid. This has helped in cutting down the cost of generating nanocrystal raw material and opening further competition in the pharmaceutical drug development market.”

September 3, 2015   No Comments

India’s Defense Acquisition Council Approves P-8I Maritime Patrol Aircraft

 

The Indian Defense Acquisition Council has approved 4 additional Boeing P-8I long-range maritime patrol aircraft for $762 million for the Indian Navy. This order supplements the existing fleet of  8 such aircraft, reports Defense World. A variant of the Poseidon operated by the U.S. Navy, the P-8I is designed to protect the vast coastline and territorial waters of India. It can conduct anti-submarine and anti-surface warfare, intelligence, maritime patrol, and surveillance and reconnaissance missions.

The P-8I for Indian Navy, photo courtesy Boeing

The P-8I for Indian Navy, photo courtesy Boeing

July 19, 2015   No Comments

Foreign Firms Surge to Provide India’s 280,000MW Solar Energy Goal

India’s $100 billion push into solar energy over the next decade is being driven by foreign players as local manufacturers are no longer protected by government restrictions on the sector. SunEdison of California will invest up to $4 billion in a manufacturing facility, and China‘s Trina Solar has unveiled plans for a $500 million plant. Both these companies will tie up with Indian firms to build the plants.

San Francisco-based First Solar will build 5,000 MW of solar power before 2020, and says it will rely on imported panels for now because it is cheaper to buy component parts internationally where they are more readily available, reports Reuters.

Solar Panels

Solar Panels

Sarus Solar, formed by Canadian Solar Inc., and two other Canada-based firms, plans to spend about $1.02 billion to build a 500-MW photovoltaic power plant in India. The first solar park will be constructed in the state of Maharashtra’s Thane district the firm’s head of operations for India, Arun Agarwal, said. The second 500-MW project will be in the northern Jharkhand state and has already been approved, he added.

Japan’s SoftBank will invest up to $20 billion. The firm said it would consider making solar panels locally with Taiwan’s Foxconn.

July 19, 2015   No Comments

India: Fourth Largest Hub for Startups

According to the Ministry of Finance’s Economy Survey 2014-15, India is becoming the world’s fourth largest center for venture and angel funded startup businesses. The country’s technology sector is fueling this growth especially in the online space, where 240 million Indians now have internet access, according to research group IMRB International. IMRB says this is the third highest in the world after China and the U.S., which India is expected to overtake this year.

Investments into India’s startups hit more than $3.5 billion in the first half of this year, a new high, according to Yourstory.com, one of the country’s most popular websites for entrepreneurs. A significant proportion of this money comes from overseas, with funds such as Tiger Global, Sequoia and Accel in the U.S., and Japan’s SoftBank, leading the way, reports BBC.

Arjun Narayan, founder of Catamaran, a private investment company that has offices in both Bangalore and London says: “It takes a lot of learning here [India] as it is a very heterogeneous market with lots of different tastes and variants,” he says. “In many cases investors don’t have patience and don’t let that learning curve happen.” Catamaran’s principal investor is NR Narayana Murthy, co-founder and first CEO of Infosys.

July 19, 2015   No Comments