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Tag: Make-in-India

  • India’s M&A Deal Value Surges 66 Per Cent In 2024, Outpacing Global Deal Of Worth USD 1.6 Trillion | Economy News

    New Delhi: Mergers and acquisitions (M&A) deals in the first nine months of the year surged by 66 per cent in value terms compared to the same period in 2023, signalling a revival in deal sentiment, according to a report by Boston Consulting Group.

    However, deal volumes in India saw a marginal decline of 3 per cent, though this was not as sharp as the 13 per cent decline observed in the Asia-Pacific region and globally.

    In the 21st edition of the Global M&A Report, the consulting firm noted that global deal value in the first nine months of 2024 increased by 10 per cent compared to the same period last year, reaching USD 1.6 trillion.The report highlighted that M&A activity in India has been strong in 2024, bucking the trend seen in other Asia-Pacific markets. 

    This performance marks a reversal of the sharp decline in deal-making that India experienced from mid-2022 through 2023.”While the global M&A market is on the road to recovery with a modest 10 per cent increase in deal value this year, India is outpacing the global trend, showcasing a remarkable 66 per cent surge in M&A activity in 2024. 

    This growth contrasts sharply with the broader Asia-Pacific market, which saw a 5 per cent decline, underscoring India’s unique resilience and appeal. Key drivers of large deals have been sectors such as technology, media, industrials, and healthcare, leveraging the ‘Make in India’ initiative, India’s strengthening ties with the US and Europe, and ongoing regulatory tensions between China and the West.

    “Sector-wise, technology, media, and telecommunications accounted for 40 per cent of total deal value in the first nine months of 2024. Despite cautious global sentiment, industrial companies continue to lead deal-making in India this year.Healthcare targets also remain a significant focus, primarily driven by domestic deals as companies strive to maintain their leadership positions.”

    As we look ahead, the longer-term outlook for deal-making in India remains strong. Companies with healthy balance sheets will continue to seek inorganic growth opportunities, while private equity and venture capital investors will aim to deploy record-high dry powder, as India continues to be a preferred investment destination,” said Dhruv Shah, Managing Director and Partner at BCG.

    The report also highlighted that increased regulatory scrutiny and protectionist measures in some countries are impacting deal-making. Globally, the time from signing to closing for deals exceeding USD 2 billion increased by 11 per cent from 2018 to 2022, reaching an average of 191 days.

    BCG’s analysis found that approximately 40 per cent of deals studied failed to close within the originally projected timeline. Nearly two-thirds of these delayed deals required an additional three months or more to close. 

  • Energy Video games: Lacking Maulana sends birthday celebration in a predicament

    Specific Information Carrier

    Congress Goof-up
    Lacking Maulana sends birthday celebration in a predicament

    The Congress issued a full-page commercial at the entrance pages of newspapers around the nation at the final day of its plenary at Raipur. The commercial displayed footage of the birthday celebration’s main lighting since its inception 137 years again. Gandhi, Nehru, Patel, Ambedkar, Bose, Sarojini Naidu, Shastri, Indira, Rajiv, Narasimha Rao, Manmohan, Sonia, Kharge, and Rahul gave the impression at the commercial. However Maulana Abul Kalam Azad, who has been a part of the Congress pantheon and historical past, used to be lacking. This led to an enormous backlash with main centrist figures, together with writers, politicians, newshounds, asking the Congress if the birthday celebration’s choice to drop the Maulana from the checklist of outstanding leaders used to be a planned act.

    Noting the absence of the Maulana, former normal secretary of the Editors Guild of India Sanjay Kapoor requested Congress president on Twitter to “put Maulana once more on this gallery of leaders who constructed India and the Congress” and mentioned “or do you suppose that he’s now not wanted when taking at the BJP in 2024”. Educationist and previous Abul Kalam Azad chair on the Nationwide Institute of Tutorial Making plans and Management Syed Irfan Habib posted the Congress commercial on Twitter and mentioned “unfortunately, I don’t see Maulana Azad right here. I feel he used to be the most important Congressman who deserved a spot amongst those luminaries.” Bahujan Samaj MP Kunwar Danish Ali tweeted, “Rahul Gandhi should confront and blank RSS components in his birthday celebration who’re chargeable for any such self-goal.”

    The fast and popular outrage compelled Congress birthday celebration’s communications division head Jairam Ramesh to apologise. He tweeted: “Nowadays an ad launched via INC didn’t elevate {a photograph} of Maulana Azad. It used to be an inexcusable slipup. Accountability for it’s being fastened and motion can be taken. In the meantime this can be a maximum trustworthy apology from us. He’ll all the time stay an iconic and provoking determine for us and India.” It has, on the other hand, been identified that the accountability of clearing those ads lies with Jairam Ramesh who heads the communications division. So who will he act towards?

    Make In India
    Indian corporations protest waiver for outsiders

    Indian corporations are up in fingers over Military Headquarters’ choice to permit the India subsidiary of German corporate Rohde & Schwarz GmbH & Co KG to take part in a young for the availability of moveable tracking receiver (PMR) with no need an commercial licence. The PMR is a highly-secured tactical digital battle gadget utilized by the Military and different forces for spectrum surveillance and intelligence amassing. Indian Military issued a limited fast-track smooth in October 2022 to a number of home corporations for supplying 36 PMR methods costing Rs 300 crore in three hundred and sixty five days. The Indian subsidiary of the German defence corporate used to be declared the bottom bidder final month.

    Indian corporations that participated within the smooth had been stunned to seek out the German corporate’s subsidiary some of the members. They’ve written to the chairman of the empowered committee (EC) for this procurement pointing out that the India subsidiary of Rohde & Schwarz GmbH & Co KG does now not have an commercial license for this product. “The India defence apparatus procurement is ruled via the Defence Acquisition Process-2020 which supplies transparent tips for shortlisting/pre-qualification for distributors. The information come with requirement of commercial licence for positive pieces.

    Press Notice 1 issued via the Division of Business Coverage and Promotion of the Union ministry of trade and trade supplies a listing of defence pieces requiring commercial licence. The procurement below this RFP falls below this checklist mandating the supply of commercial licence with the possible bidders,” the EC chairman used to be knowledgeable via one of the crucial Indian corporations. It mentioned that regardless of the truth that it used to be obligatory to have an commercial licence for collaborating on this smooth, the similar used to be now not known as for within the RFP. The EC chairman has been requested to not forget about this “severe lapse” via the Military Headquarters and withdraw the smooth.

    Congress Goof-up
    Lacking Maulana sends birthday celebration in a predicament

    The Congress issued a full-page commercial at the entrance pages of newspapers around the nation at the final day of its plenary at Raipur. The commercial displayed footage of the birthday celebration’s main lighting since its inception 137 years again. Gandhi, Nehru, Patel, Ambedkar, Bose, Sarojini Naidu, Shastri, Indira, Rajiv, Narasimha Rao, Manmohan, Sonia, Kharge, and Rahul gave the impression at the commercial. However Maulana Abul Kalam Azad, who has been a part of the Congress pantheon and historical past, used to be lacking. This led to an enormous backlash with main centrist figures, together with writers, politicians, newshounds, asking the Congress if the birthday celebration’s choice to drop the Maulana from the checklist of outstanding leaders used to be a planned act.

    Noting the absence of the Maulana, former normal secretary of the Editors Guild of India Sanjay Kapoor requested Congress president on Twitter to “put Maulana once more on this gallery of leaders who constructed India and the Congress” and mentioned “or do you suppose that he’s now not wanted when taking at the BJP in 2024”. Educationist and previous Abul Kalam Azad chair on the Nationwide Institute of Tutorial Making plans and Management Syed Irfan Habib posted the Congress commercial on Twitter and mentioned “unfortunately, I don’t see Maulana Azad right here. I feel he used to be the most important Congressman who deserved a spot amongst those luminaries.” Bahujan Samaj MP Kunwar Danish Ali tweeted, “Rahul Gandhi should confront and blank RSS components in his birthday celebration who’re chargeable for any such self-goal.”

    The fast and popular outrage compelled Congress birthday celebration’s communications division head Jairam Ramesh to apologise. He tweeted: “Nowadays an ad launched via INC didn’t elevate {a photograph} of Maulana Azad. It used to be an inexcusable slipup. Accountability for it’s being fastened and motion can be taken. In the meantime this can be a maximum trustworthy apology from us. He’ll all the time stay an iconic and provoking determine for us and India.” It has, on the other hand, been identified that the accountability of clearing those ads lies with Jairam Ramesh who heads the communications division. So who will he act towards?

    Make In India
    Indian corporations protest waiver for outsiders

    Indian corporations are up in fingers over Military Headquarters’ choice to permit the India subsidiary of German corporate Rohde & Schwarz GmbH & Co KG to take part in a young for the availability of moveable tracking receiver (PMR) with no need an commercial licence. The PMR is a highly-secured tactical digital battle gadget utilized by the Military and different forces for spectrum surveillance and intelligence amassing. Indian Military issued a limited fast-track smooth in October 2022 to a number of home corporations for supplying 36 PMR methods costing Rs 300 crore in three hundred and sixty five days. The Indian subsidiary of the German defence corporate used to be declared the bottom bidder final month.

    Indian corporations that participated within the smooth had been stunned to seek out the German corporate’s subsidiary some of the members. They’ve written to the chairman of the empowered committee (EC) for this procurement pointing out that the India subsidiary of Rohde & Schwarz GmbH & Co KG does now not have an commercial license for this product. “The India defence apparatus procurement is ruled via the Defence Acquisition Process-2020 which supplies transparent tips for shortlisting/pre-qualification for distributors. The information come with requirement of commercial licence for positive pieces.

    Press Notice 1 issued via the Division of Business Coverage and Promotion of the Union ministry of trade and trade supplies a listing of defence pieces requiring commercial licence. The procurement below this RFP falls below this checklist mandating the supply of commercial licence with the possible bidders,” the EC chairman used to be knowledgeable via one of the crucial Indian corporations. It mentioned that regardless of the truth that it used to be obligatory to have an commercial licence for collaborating on this smooth, the similar used to be now not known as for within the RFP. The EC chairman has been requested to not forget about this “severe lapse” via the Military Headquarters and withdraw the smooth.

  • Let’s make native ‘international’, increase status of Indian merchandise: PM Narendra Modi in ‘Mann ki Baat’

    Via PTI

    NEW DELHI: High Minister Narendra Modi on Sunday stated India attaining its export goal of USD 400 billion this fiscal displays that the call for for its pieces is expanding in every single place the arena, and asserted that after each and every Indian will get ‘vocal for native’, it does now not take a lot time for the “native to grow to be international”.

    In his per thirty days Mann Ki Baat radio broadcast, Modi hailed the possibility of India and stated the foundation of its power is the rustic’s farmers, artisans, weavers, engineers, small marketers, the MSME sector and folks from many alternative professions.

    “It’s only because of their onerous paintings that the purpose of exporting to the track of USD 400 billion has been accomplished and I’m glad that this energy of the folk of India is now achieving new markets in each and every corner and nook of the arena,” the high minister stated.

    “When each Indian is vocal for native, it does now not take lengthy for the native to grow to be international. Let’s make the native ‘international’ and increase the status of our merchandise additional,” he stated. He stated that India attaining the export goal of USD 400 billion, i.e. Rs 30 lakh crore, in the beginning example, may come throughout as an issue associated with the financial system, however it’s associated with the potential of India.

    In some way, which means that the call for for pieces made in India is expanding in every single place the arena and that the provision chain of India is getting more potent through the day, Modi stated. The country takes nice strides when resolutions are larger than desires, he asserted. When there’s a honest effort day and night time for the resolutions, they reach fruition, he added.

    Noting that new merchandise from all corners of the rustic are achieving international shores, Modi cited leather-based merchandise from Hailakandi in Assam, handloom merchandise from Osmanabad, vegetables and fruit from Bijapur and black rice from Chandauli.

    “Now, you are going to additionally to find the arena well-known apricot of Ladakh in Dubai too and in Saudi Arabia, you are going to to find bananas shipped from Tamil Nadu. Most significantly, an array of recent merchandise are being despatched to more recent international locations,” he stated.

    Exports larger through 37 consistent with cent to USD 400 billion throughout April-March 22, 2021-22 in opposition to USD 292 billion in 2020-21. For the primary time ever, India’s products exports have crossed USD 400 billion in a fiscal.

    In 2018-19, the outbound shipments had touched a file of USD 330.07 billion. In his remarks, he additionally highlighted that throughout the remaining 12 months in the course of the Executive e-Market (GeM) portal, the federal government has bought pieces value multiple lakh crore rupees.

    As regards to 1.25 lakh small marketers and shopkeepers from each and every nook of the rustic have offered their items without delay to the federal government, he identified. “There used to be a time when most effective large firms may promote items to the federal government. On the other hand, the rustic is converting now; the outdated programs also are converting. Now even the smallest of shopkeepers can promote one’s items to the federal government at the GeM Portal – that is the New India,” Modi stated.

    He asserted that the rustic not most effective desires large, but in addition displays the braveness to achieve that purpose, the place no person has reached prior to. At the foundation of this very braveness, all people Indians in combination will no doubt fulfil the dream of an ‘Aatmanirbhar Bharat’, the high minister stated.

  • Make in India is want of the hour: High Minister Modi

    Via PTI

    NEW DELHI: High Minister Narendra Modi on Thursday mentioned Make in India is the will of the hour and appealed to the trade to cut back dependence on imports and spice up home production.

    He recommended the trade to make efforts to chop imports of products that may be manufactured in India.

    “Nowadays, the arena is taking a look at India as a producing powerhouse,” Modi mentioned whilst addressing DPIIT’s webinar on ‘Make in India for the International’.

    The High Minister mentioned that bulletins within the Price range for Aatmanirbhar Bharat and Make in India are essential for the trade and Indian economic system.

    The Make in India marketing campaign is the will of twenty first century India, and it provides a possibility to turn our attainable, Modi mentioned, including that “we must paintings with complete power to construct a powerful production base”.

    Make in India is the will of the hour in sectors comparable to electrical automobiles, speciality metal, and clinical apparatus, the High Minister mentioned, including the outlet up of coal, mining and defence sectors have spread out large alternatives for industries.

    The trade must discuss ‘vocal for native’ and ‘Make in India’ of their product promoting.

    India has large younger ability and professional manpower, and this can be utilized to advertise Make in India, Modi mentioned.

  • Make-In-India push: Govt bans import of drones; supplies positive exceptions

    Through PTI

    NEW DELHI: The federal government on Wednesday banned import of international drones with positive exceptions as a part of efforts to advertise home production of drones within the nation.

    Import of drones for R&D, defence and safety functions had been exempted from the ban however such imports would require due clearances.

    “Import of drone parts, on the other hand, shall no longer require any approvals,” the civil aviation ministry mentioned in a liberate on Wednesday.

    The Directorate Common of Overseas Industry (DGFT) below the trade and trade ministry has issued a notification banning the import of international drones.

    “Import coverage for drones in CBU (Utterly Constructed Up)/CKD (Utterly Knocked Down)/SKD (Semi Knocked Down ) shape is illegitimate with exceptions equipped for R and D, defence and safety functions,” DGFT mentioned.

    Import of drones via govt entities, tutorial establishments recognised via central or state govt, govt recognised R&D entities and drone producers for R&D goal will likely be allowed in CBU, SKD or CKD shape.

    This will likely be topic to import authorisation issued via DGFT in session with involved line ministries.

    Import of drones for defence and safety functions will likely be allowed in CBU, SKD or CKD shape topic to import authorisation issued via DGFT in session with involved line ministries.

    The civil aviation ministry mentioned that with a view to advertise Made in India drones, import of international drones has been prohibited with impact from February 9, 2022.

    The ministry got here out with liberalised drone regulations in August 2021.

    After the principles, the ministry issued the drone airspace map and PLI scheme in September 2021, UTM coverage framework in October 2021.

    But even so, drone certification scheme and unmarried window DigitalSky Platform have been installed position remaining month.