As the global economy moves toward achieving inclusive and sustainable growth, the importance of Micro, Small, and Medium Enterprises (MSMEs) cannot be overstated. MSMEs are major contributors to the economy, accounting for 30% of GDP, 24% of employment, and 45% of exports. This makes them a resilient backbone of society.…
Search Results For“iot”
Steady Growth, Sound Fundamentals: India Pharma Manufacturing Landscape
The Context: Growth Trends and Market Composition of India’s Pharma Sector India’s pharmaceutical market recorded a turnover of INR 4.17 lakh crore in FY24, growing at a CAGR of 9.5% since FY20. It houses 1,136 USFDA-compliant manufacturing facilities, the highest outside the US, and maintains stringent quality benchmarks, with approvals…
An Operation That Was Also About A Self-Reliant India
Over the past decade, India has undergone a profound transformation across economic, technological, and strategic domains. Prime Minister Narendra Modi’s leadership has been central to this evolution, underpinned by his belief that India must not only be a major economic player but also a strategic and technological power in the…
How is the Indian shipping industry handling emissions?
The international shipping industry is responsible for the carriage of around 90% of world trade, making it the lifeblood of the global economy. However, this comes at a heavy price- a cost of 3% contribution to global greenhouse gas emissions. For years, the shipping industry was not included in the…
Future Of Mining And Construction Equipment Sector In India
Future Of Mining And Construction Equipment Sector In India The mining and construction equipment (MCE) sector is witnessing rapid evolution fuelled by innovative machinery driving efficiency in operations, sustainability and growing demand for infrastructure development. Growing MCE sector Mining is one of six areas for transformative reforms in the Union…
Decarbonisation of Cold Storage
Food and energy security are the top priority for India as we aim to achieve Viksit Bharat@2047, the UN Sustainable development Goals by 2030 and Net Zero by 2070. However, shifting rainfall patterns, agricultural cycles, droughts and supply chain disruption have intensified the concerns around food security. To address this…
The US Visit, Viewed Through Industry’s Business Lens
Prime Minister Narendra Modi’s brief and official working visit to the United States last week was significant in many ways, reiterating the strong bonds between the two nations and igniting a new momentum in the economic relationship. The visit was replete with productive outcomes for industry of both sides, with…
Indo-Indonesia: A Growing Strategic and Economic Alliance
For thousands of years, India and Indonesia have shared deepening ties as two ancient civilizations. With notable references in the Ramayana and Mahabharata, it is evident that the two nations have maintained close connections for centuries, spanning both cultural and commercial exchanges. As dynamic economies, India and Indonesia share common…
Emerging Genetic Technologies: A Catalyst for Modern Economic Transformation
In an era defined by rapid technological evolution, the emergence of advancedgenetic technologies is revolutionizing industries and reshaping the global economy.From healthcare breakthroughs to sustainable energy solutions, innovations such asCRISPR, mRNA vaccines, and synthetic biology are not only addressing pressingglobal challenges but also unlocking unprecedented business opportunities. Thesedevelopments signal a…
Industry 4.0 Adoption: Paving the Way for Indian Manufacturing
India is at the cusp of an industrial transformation fueled by Industry 4.0 technologies such as IoT, AI, robotics, and advanced analytics. The Confederation of Indian Industry (CII), in collaboration with KPMG, has presented a comprehensive report titled Industry 4.0 Adoption and Strategic Roadmap for Indian Manufacturing. This report provides…