Commerce

Volvo Group to invest Rs 1,400 crore in Hosakote plant expansion

Swedish-based Volvo, known for manufacturing buses and trucks, has decided to expand its manufacturing plant in Hosakote and has announced an investment of Rs 1,400 crore.

The Bottomline: India needs more private sector investment for sustainable growth; onus on government to incentivise commitment

For any economy to have overall development and sustainable growth, private sector investment is essential. The government must woo private sector investment for this to happen.

Centre invites applications for creation, expansion of food processing units

The Ministry of Food Processing Industries, Government of India, has invited applications under the scheme for Creation and Expansion of Food Processing and Preservation Capacities (CEFPPC) of the Pradhan Mantri Kisan Sampada Yojana (PMKSY) from prospective entrepreneurs belonging to the “general category” for setting up of food processing units outside Mega Food Parks and outside Agro Processing Clusters, a media release from the press Information Bureau has said.

Update for exporters, from Directorate-General of Foreign Trade

The Directorate-General of Foreign Trade (DGFT) has launched the enhanced Certificate of Origin (eCoO) 2.0 System, a significant upgrade designed to simplify the certification process for exporters and enhance trade efficiency, a media release from Press Information Bureau has said.

How are India’s finances doing? NITI Aayog report sheds light…

On 24 January 2025, the inaugural issue of NITI Aayog’s report titled “Fiscal Health Index (FHI) 2025” was launched.

The report provides a comprehensive assessment of the fiscal health of 18 major States. The assessment is based on five key sub-indices: Quality of Expenditure, Revenue Mobilisation, Fiscal Prudence, Debt Index, and Debt Sustainability.

MoU signed between Centre, Bhaane Group to boost apparel manufacturing and startup ecosystem

The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has signed a Memorandum of Understanding (MoU) with the Bhaane Group, a subsidiary of Shahi Exports Pvt Ltd, the largest manufacturer of apparel, as per a report in the Press Information Bureau.

Informal sector shows remarkable growth in 2023-24

On 2 January 2025, the Ministry of Statistics and Programme Implementation (MoSPI) released the results of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2023-24, for the reference period October 2023 to September 2024.