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Swathi Ragiphani

India’s industrial output growth hits five-year high

India’s industrial output grew 9.8 percent at its fastest pace since October 2010, as measured by the Index of Industrial Production. The double-digit growth in the manufacturing sector points to a strengthening industrial recovery. India’s economy expanded at an annual rate of 7.4 percent in the July-September quarter, outpacing China’s economic growth. Aimed ...

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US-India jet-engine technology transfer policy updated

India and the US have ramped up their defence and strategic ties by agreeing to fast-track co-production ventures. The US has updated its policy on gas-turbine engine technology transfer to India, announced by US Defence Secretary Ashton Carter. This step would expand the cooperation between the countries, in the production and ...

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India to remain fastest growing economy in 2016: UN

The United Nations World Economic Situation and Prospects (WESP) 2016 report said that India will record a 7.3% economic growth in 2016 and 7.5% in 2017. China will see a slowdown in growth in 2016 to 6.4 per cent from 6.8 per cent it had achieved in 2015. In 2016, ...

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India, US talks to focus on deepening defence cooperation

Indian Defence Minister Manohar Parrikar and US Defence Secretary Ash Carter holding talks focusing on strengthening and deepening defence cooperation under the US-India strategic partnership. PACOM commander Admiral Harry B Harris Jr. met with Parrikar at Camp HM Smith and discussed the growth of the US-India strategic partnership and the importance of ...

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Indian Navy launches fifth ship of LCU

The fifth Landing Craft Utility ship of LCU MK IV project, was launched at the Garden Reach Shipbuilders and Engineers Ltd shipyard in Kolkata. LCU L-55 is the fifth vessel in the series of eight Landing Craft Utility Ships being designed and built by M/s GRSE for the Indian Navy. The ...

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Government sets up SETU to support startup businesses

Union Minister for Skill Development Rajiv Pratap Rudy, said the National Policy for Skill Development and Entrepreneurs envisaged fostering entrepreneurship and grassroots innovation by providing support in terms of fiscal incentives, creation of grass root technology innovation hubs, legal support and market linkages. The government has established a mechanism to ...

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