22 Jun 2023 Improvement in Ease of Doing Business (EoDB) has been the key priority of the government authorities over the last several years. They have remained steadfast on the EoDB reforms path, with an unprecedented policy focus on rationalization, simplification, and digitization of regulatory compliances & procedures. Department for Promotion of Industry and Internal Trade (DPIIT),…
Browsing CategoryIndustry
Harnessing Indigenous Capabilities: The Growth of India’s Defence Sector
09 Jun 2023 Buoyed by the ‘Make in India’ and ‘Aatmanirbhar Bharat Abhiyan’, the Indian defence Industry ecosystem is in a critical orbit in its trajectory towards realising the goal of self-reliance in defence production. Active efforts are being taken for indigenising the defence modernization while concurrently establishing brand India…
Mastering Procurement: Strategies and Insights for Effective Management
13 Jun 2023 In normal context, project procurement is effectively managing the process of acquiring goods and services for an organization. But in depth, procurement goes beyond the mere act of purchasing and involves a comprehensive understanding of the procurement lifecycle, strategic decision-making, relationship building with suppliers, risk management, and continuous…
Future of Gig Workforce in India
13 Jun 2023 The gig economy is revolutionizing the way we work, and the numbers are indicative of its growth. It is estimated that India will see an increase in its gig workforce by 110 lakh or more workers by 2025. Urbanization, a pool of talented younger generations, and increased…
Trends and Strategies for Creating Sustainable Businesses
05 Jun 2023 The Growing Importance of Sustainability The importance of sustainability in business cannot be overstated. Consumer demand for sustainable products and services has surged in recent years. Today’s consumers are more environmentally conscious and socially responsible, and they actively seek out businesses that align with their values. By…
Accelerating Industry’s Productivity & Performance Quotient
17 May 2023 Enhanced use of Artificial Intelligence (AI) is increasingly becoming a focal point for governments. Using AI in Governance and public policy is an excellent opportunity for citizen engagement, accountability, and interoperability. It is also an opportunity for governments to increase efficiency in governance. Building resilience toward livability,…
Auto and Auto Components manufacturing. The road ahead is green
12 May 2023 The Automobile and Auto-Component Industry has become an important sector for the nation’s economic growth and development. It contributes over Seven per cent to the country’s GDP and accounts for almost forty-nine per cent of the total manufacturing output. The segment is expected to grow at a CAGR…
National Medical Devices Policy 2023: A New Paradigm Shift
08 May 2023 On April 26, 2023, the Union Cabinet, chaired over by the Hon’ble PM Modi, approved the National Medical Devices Policy, 2023, laying the groundwork for India’s medical devices sector to become not only self-sufficient but also a global leader, while achieving broader public health objectives of access,…
Gaming Industry: A New Paradigm
06 May 2023 The gaming industry has seen rapid growth over the past few decades and has become a massive global phenomenon. With advancements in technology and a growing audience, the gaming industry has quickly evolved into one of the most lucrative entertainment industries worldwide. Gaming is a hobby that…
Future Frontiers: Competitiveness, Technology, Sustainability, Internationalization
26 Apr 2023 The world is going through a phase of predictable unpredictability with uncertainty becoming the “new normal”. Amidst this global churn, the Indian economy has shown resilience and is expected to continue to be the fastest growing major economy this year too, three years in a row. The…