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New India – Becoming a Next-Gen Global Textiles Manufacturing and Sourcing Hub

Background The 2nd largest employer in India with close to 45 million persons directly employed with another 100 million in allied activities, the textiles sector contributes significantly to foreign exchange revenues. The sector contributes 5% in global trade and 13% in total exports earnings of the country with a target of $100 bn in exports […]

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Indian startups look for ways to move their funds out of SVB

News / WTI Admin

is still in a wait and watch mode before it goes back to the markets with a formal announcement, CEO Nitish Mittersain said. “Now we are feeling a bit more relaxed about that. As soon as we are able to, we will transfer the funds out. We will not be able to bring in the

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ResearchFDI Appoints Davor Davidovic As Chief Operating Officer

News / WTI Admin

Montreal, Canada – ResearchFDI, the leading economic development and investment attraction company, has announced the promotion of Davor Davidovic to the position of Chief Operating Officer. In his new role, Davidovic will be responsible for overseeing the business intelligence, strategy, and marketing divisions.Davidovic is a seasoned professional with expertise in business strategy and market intelligence. He

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News / WTI Admin

Swedish multinational Medicover sees India’s healthcare market tripling in next 10 years Text Size: A-A+ New Delhi [India], March 14 (ANI): Sweden-headquartered multinational hospital chain Medicover, which plans to double its India footprint, expects the country’s healthcare market size to grow three times in a decade from now. With a bouquet of 24 hospitals in India,

Volkswagen’s PowerCo to establish a battery gigafactory in Ontario, Canada

News / WTI Admin

Germany-based Volkswagen will build its first overseas battery cell plant in St Thomas, Ontario, Canada. It will establish the new facility through its battery subsidiary PowerCo. The plant will begin to produce sustainable unified cells from 2027. It will likely be a $1bn-plus investment, creating thousands of jobs. The announcement comes shortly after Volkswagen announced a new plant for its

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Daring to Dream

News / WTI Admin

Representation image (File photo) During the first week of March, Chairman of the Taiwan based Foxconn ~ manufacturer of Apple products like iPhones ~ met the Chief Ministers of Karnataka and Telangana. Both Chief Ministers afterwards claimed that Foxconn will make huge investments in their states that will create one lakh direct and indirect jobs

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FDI round-up: Volkswagen’s Canadian gigafactory, UK pushes quantum computing, Ayala backs Indian renewables

News / WTI Admin

Top story: Volkswagen is building its first overseas gigafactory in Canada to support its North American electric-vehicle push. Image via Getty Images Danielle MylesMarch 14, 2023 Volkswagen has chosen Canada for its first gigafactory overseas and laid out plans for a €180bn four-year investment plan. On March 13, the German automaker said its battery company PowerCo would

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Will UK Budget deliver for UK businesses?

News / WTI Admin

At the same time, the current super-deduction scheme, whereby entities have been able to gain tax relief by reinvesting in their operations, is due to fall away at the beginning of next month. The super-deduction allows companies to cut their tax bill by up to 25p for every £1 they invest back into their businesses.

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Linkages like PayNow-UPI have great potential to help rupee: Jamal Mecklai

News / WTI Admin

In a Q&A, the CEO of Mecklai Financial Services dwells on issues such as rupee internationisation, stronger FDI flows and RBI’s role in keeping the Indian currency stable Jamal Mecklai, CEO, Mecklai Financial Services Last year, the RBI took certain steps to further internationalise the rupee, but Jamal Mecklai, CEO, Mecklai Financial Services tells Bhaskar Dutta in an

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VIETNAM BUSINESS NEWS MARCH 13/2023

News / WTI Admin

The list of visa-exempt countries should be further expanded so that tourism can quickly recover and improve competitiveness, tourism industry insiders and experts have said. Vietnam’s restrictive visa policy has impacted international tourist flows to the country, said Luong Hoai Nam, a member of the Vietnam Tourism Advisory Board. Vietnam should expand the list of visa-exempt countries to

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