manufacturing
The country is likely to see high growth in the job market as 70 percent employers plan to expand their team, a recent survey said. India’s business market is currently primed for expansion, with the recruitment market being driven by significant industry sectors such as FMCG, retail, healthcare, manufacturing and real estate. About 70 percent [...] Continue Reading »
We Indians always believe that the nation is good in offering services be it in IT, manufacturing or ITeS, however innovation is not our cup of tea. There is some new information which may shatter this belief. Five Indian companies, including Hindustan Unilever and Tata Consultancy Services (TCS), are among the Forbes’ list of the [...] Continue Reading »
The urban development minister M Venkaiah Naidu told the Parliament Wednesday that the state of FDI investments is showing green. India’s urban development sector received foreign direct investment (FDI) worth $1.3 billion (Rs 7,924.85 crore) during the 2013-14 fiscal. The FDI, in the form of equity, was used for construction of townships, and in projects [...] Continue Reading »
Based on suggestions of Parthasarathi Shome panel that was set up to address the grievances of the industry, the government recently said it has clarified on 76 issues related with direct and indirect taxes. An official release said Finance minister P Chidambaram has discussed these issues and has taken final decisions to remove difficulties faced [...] Continue Reading »
A global real estate consultant says that the Office space requirement is likely to increase by 7 percent during this year to 29 million sq ft in India’s 7 major cities as corporates are looking at expanding their business. The demand of office space was 27 million sq ft last year in the seven cities [...] Continue Reading »
Luxury housing is strongly emerging as a market in the country. The demand, however, varies according to the cities. In fact, the definition of luxury changes according to the location. A two bedroom flat, for example, is considered luxury housing in certain locations in Mumbai, Pune, Bangalore or Gurgaon. More precisely, luxury homes would be [...] Continue Reading »
The Delhi-NCR commercial realty market is currently driven by small office spaces measuring an area of 500-2000 sq ft. Reports show that there has been a gradual increase in the office spaces measuring about 10,000 sq ft in the last few years followed by a maximum demand for commercial properties measuring about 500-2000 sq ft. According to Rajat Gupta, Executive Director, [...] Continue Reading »
The Federation of Indian Chambers of Commerce and Industry (FICCI) has expressed concern over high rehabilitation and resettlement (R&R) cost to be incurred by industry in the proposed Land Acquisition Bill. FICCI has asked the government to make changes in the provision stating that current R&R provisions of the bill will put an unfavorable burden [...] Continue Reading »
