Latest news with #IndianCompanies
Times of Oman
09-07-2025
- Business
- Times of Oman
Emerging as powerhouse of innovation, India poised to lead global economy: PwC
New Delhi: India is on track to lead the global economy as it continues to emerge as a powerhouse of innovation, according to a new report by PwC. The report highlighted that the country is witnessing strong economic and industrial momentum, supported by its expanding manufacturing base and rising innovation capabilities. "Indian organisations are entering new domains of growth-transcending traditional sector boundaries to meet fundamental human and business needs," the PWC report stated. India's innovation performance has seen a significant improvement in 2023 with the country topping the innovation rankings among lower-middle income countries and in Central and Southern Asia. Additionally, industrial design applications by Indian companies grew by 36.4 per cent in 2023, indicating a rising interest in product design, creative industries, and manufacturing. The report also noted that learning from global success stories, Indian firms are increasingly breaking traditional industry boundaries. Some companies that started with manufacturing mobile phones have expanded into finance, healthcare, and entertainment. Others have moved from making automobiles to entering sectors like space, energy, and communication. Even traditional retailers are now offering services in healthcare and financial sectors, showcasing the country's bold innovation and strategic ecosystem partnerships The report projected that India's manufacturing sector needs to grow 16 times over the next 22-23 years to contribute 25 per cent to the country's projected USD 30 trillion economy by 2047. It also stated that the Gross Value Added (GVA) under the 'Make' domain is expected to expand significantly to nearly USD 2.7 trillion by 2035. This growth reflects the central role that manufacturing is expected to play in India's long-term economic aspirations. To achieve this transformation, the report mentioned that Indian businesses must focus on enhancing productivity and efficiency by adopting digital technologies. At the same time, they must diversify and explore opportunities in other domains to ensure broader value creation. The report also highlighted India's status as the world's fastest-growing major economy for four consecutive years from 2023 to 2026. Indian startups and businesses have played a vital role in this growth, acting as engines of the nation's progress.
Yahoo
07-07-2025
- Business
- Yahoo
India announces initiatives to boost domestic copper production
India has announced a strategic plan to attract foreign companies to establish smelters and refineries within the country, according to a report by Reuters. The plan aims to enhance the country's copper production capabilities, aiming to reduce its dependency on imports by 2047. This move comes with the incentive of state-owned Indian companies potentially investing in the mining operations of foreign companies. According to a government policy document, India, currently the world's second-largest importer of refined copper, may need to import between 91%-97% of its copper concentrates by 2047. The country's copper imports witnessed a 4% increase to 1.2 million tonnes (mt) in fiscal 2025. The government document also stated that demand is projected to rise to between 3mt and 3.3mt by 2030, and between 8.9mt and 9.8mt by 2047. In addition, the document highlights the importance of supply diversification and foreign asset acquisitions, the report stated. It confirms India's intention to encourage investments from international companies such as Codelco and BHP. Furthermore, the document suggests that Indian companies should invest in overseas operations to ensure a stable supply chain and mitigate potential supply disruptions. To support the establishment of new smelting and refining capacity, which could total 4mt-5mt, India plans to offer financial incentives. These include capital investment subsidies and customs duty exemptions on imported machinery. The document indicated that although there is an estimated 12.2mt of copper resources, only 18% is considered accessible reserves. To ensure a steady supply of copper concentrate, India is looking to incorporate a section dedicated to copper in its ongoing negotiations for free trade agreements with Chile and Peru. The report also notes that India's options for copper procurement have been further constrained due to tightening supplies from major suppliers such as Indonesia and Panama. In a separate document, the Indian Government has detailed strategies to increase aluminium production, in anticipation of the domestic demand reaching 8.5mt by the fiscal year 2030. Additionally, the country has initiated a significant exploration project in Zambia, sending a team of geologists to explore potential copper and cobalt deposits. The Zambian Government has allocated 9,000km² for India's mineral exploration. "India announces initiatives to boost domestic copper production" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Business
03-07-2025
- Business
- Arabian Business
UAE and India deepen economic partnership as 22,415 Indian firms enter UAE in H1
The UAE and India are developing economic ties as more firms set up in the Middle East. Abdulla bin Touq Al Marri, UAE Minister of Economy and Tourism, welcomed H. D. Kumaraswamy, India's Minister of Steel and Heavy Industries, and his delegation for a high-level meeting at the Ministry of Economy headquarters. The discussions centred on boosting cooperation in the new economy, logistics transport, advanced technology, manufacturing and food industries—sectors both governments have prioritised under their Vision 2030 and Make in India frameworks. UAE and India economic ties Highlighting the growing dynamism between the two markets, Bin Touq noted that 22,415 new Indian companies registered in the UAE during the first half of 2025—a year-on-year increase of more than 10 percent—bringing the total number of Indian firms operating in the Emirates to 264,687 by June 30, 2025. This surge underscores the appeal of the UAE's pro-business environment and its role as a gateway between East and West. The UAE's manufacturing sector—already ranking second in non-oil GDP contribution at 13.5 per cent in 2024—has attracted significant foreign direct investment, with AED40bn ($10.9bn) committed by end-2022, accounting for 7 percent of total FDI inflows. The meeting explored the key enablers and competitive advantages of the the country's business environment for Indian companies, along with strategies to maximise these benefits. Among the highlighted strengths were the United Arab Emirates' strategic location connecting East with West, its comprehensive economic partnerships, advanced infrastructure, diverse logistics services, and tax incentives that encourage the establishment of diverse economic and investment activities. Bin Touq underscored deep-rooted and strategic partnership between the UAE and India, noting the shared commitment of the leadership to expanding cooperation in new economy sectors. 'The two nations enjoy a decades-long history of economic collaboration built on shared interests, and a common vision for sustainable growth.'
Bloomberg
27-06-2025
- Business
- Bloomberg
India Earnings Set to Outperform China on Domestic Growth and Tariff Edge
Indian companies are inspiring more optimism than their Chinese rivals for next earnings season. Helped by a more favorable domestic economy and bets the country will better navigate global trade tension, Indian earnings estimates have been revised up 3.8% since March, while those for China are down 3.4%, according to Bloomberg Intelligence data.
Arabian Business
23-06-2025
- Business
- Arabian Business
India and Pakistan lead new business registrations with Dubai Chamber in Q1
Indian-owned companies were the leading foreign group to join the Dubai Chamber of Commerce during the first quarter of 2025, according to a new report. There were 4,543 new Indian businesses registered between January and March of this year, the report said. The figure marks a 4.4 per cent year-over-year increase, highlighting India's dominant position as Dubai's largest foreign business community. The analysis reflects the ongoing strength of international business activity in Dubai and the emirate's appeal to global entrepreneurs across diverse sectors. Top 10 nationalities of new Dubai Chamber members in Q1 2025 India: 4,543 companies (+4.4 per cent YoY) Pakistan: 2,154 companies Egypt: 1,362 companies Bangladesh: 817 companies (+28.5 per cent YoY) United Kingdom: 678 companies Syria: 462 companies Jordan: 350 companies China: 347 companies Türkiye: 329 companies Iraq: 303 companies The wholesale and retail trade sector led the growth, accounting for 36.2 per cent of new company registrations. This was followed closely by:
