Indian PM Narendra Modi recently commissioned the Vizhinjam International Seaport in Kerala that was completed at an estimated cost of $1.05 billion.
All transshipment cargo of the country will be handled from the seaport within a year.
The aim is to reduce India’s logistics cost by 30 per cent by increasing efficiency and cut turnaround time.
Adani Ports and Special Economic Zone built the port.Read More
The report on ‘Enhancing MSMEs Competitiveness in India’ highlights significant improvements in MSME credit access but reveals a ₹80 lakh crore (~$94.92 billion) credit gap.
It outlines challenges such as skill shortages, low R&D investment, and barriers to adopting modern technologies.
The report calls for systemic reforms in financing, skilling, innovation, and market access.Read More
India’s manufacturing PMI edged up to 58.2 in April, the strongest sector health in 10 months.
Output rose at its fastest rate since June 2024, supported by robust domestic and export demand.
New orders and employment grew sharply, while selling prices surged to an 11.5-year high.
Input costs rose modestly, yet firms passed these on.
Optimism remained strong amid rising enquiries and stock building.Read More
… high-performance alternative to traditional textiles.
The latest funding round was … fashion, sports apparel, and technical textiles.
“We’re creating protein sequences … by climate-focused investors. The textile industry accounts for roughly 10 …Read More
With EIN Presswire press release distribution services you will reach decision makers and journalists plus get valuable SEO benefits.Read More
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S&P Global Ratings has again lowered its gross domestic product (GDP) growth forecasts for most countries and raised its inflation forecast for the United States. It sees a material slowdown in growth, but does not foresee a US recession at this …Read More
Fitch Ratings recently affirmed the Philippines’ long-term foreign-currency issuer default rating (IDR) at ‘BBB’ with a stable outlook, expecting the economy to expand by 5.6 per cent this year, broadly in line with 2023 and 2024.The expansion …Read More
Fitch Ratings has affirmed the Philippines’ long-term foreign-currency issuer default rating at ‘BBB’ with a stable outlook, expecting the economy to expand by 5.6 per cent this year.
The expansion will be fuelled by traditional growth drivers like large public investment in infrastructure, services exports and remittance-funded private consumption.
Political uncertainty could affect investment.Read More
S&P Global Ratings has again lowered its GDP growth forecasts for most countries and raised its inflation forecast for the US.
It sees a material slowdown in growth, but does not foresee a US recession at this juncture.
The US economy is expected to grow by 1.5 per cent this year and by 1.7 per cent in the next.
Eurozone growth is projected to be above potential in 2027 and 2028.Read More