Roadmap for Uplifting Infrastructure

Finance minister Nirmala Sitharaman unveiled the National Monetisation Pipeline (NMP) earlier this week to assist the government in leasing an array of public infrastructure assets over the next four years. This initiative's primary aim is to raise innovative and alternative means of financing to carry out new infrastructure projects, something which was greatly emphasized in the Union Budget 2021-22. The proposal involves handing assets from various sectors such as railways, roads, aviation, telecom, and power, to private operators. Provided certain key issues are addressed, experts believe that the scheme is likely to create employment opportunities, push digitization, and shore up the country's economic growth.

Moreover, India has grabbed the second spot after China as the 'most sought-after manufacturing destination globally,' according to a recent research that assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas, and Asia-Pacific. As per the research, India has also overtaken the US, which is at the third position. The survey was based on four key parameters: the nations' capability to restart manufacturing after covid-19's impact, favorable business conditions like the availability of labor, access to markets, etc., operating costs, and the political, economic & environmental risks.

National Monetisation Pipeline: What is it and how will it benefit the country?

Union finance minister Nirmala Sitharaman on Monday launched the National Monetisation Pipeline (NMP), through which the government aims to raise $81 billion by leasing out state-owned infrastructure assets over the next four years.

India pips US to rank 2nd in list of most attractive manufacturing hub globally; China 1st

India has overtaken the United States (US) to become the second-most sought-after manufacturing destination globally, driven mainly by cost competitiveness, according to real estate consultant Cushman & Wakefield. China remains at number one position, the consultant said in its 2021 Global Manufacturing Risk Index, which assessed the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia-Pacific (APAC).

Exports to ASEAN estimated at $46 billion in FY22, says Anupriya Patel

Minister of state for commerce Anupriya Patel on Tuesday said the Association of Southeast Asian nations (ASEAN) will be an important region for India with an export target of $46 billion in meeting the global export target of $400 billion in the current fiscal year.

Commodity prices rally as concerns over Chinese demand ease

Commodity prices from iron ore to oil rallied on Tuesday as concerns eased about the impact of Covid-19 on the Chinese economy.

Exporters confident of shipping 35 million kg of tea to Iran this year

India’s tea exporters are confident of shipping 35 million kg of teas to Iran this year, despite the continuing US sanctions on the West Asian country. Industry executives said that exporters are getting their payments routed through the UAE and Turkey as the rupee-rial trade between Indian and Iran has come to a standstill.