India has much to gain by innovating and adopting the best practices in the logistics and warehousing industry, said Ajay Shankar, secretary of the Ministry of Commerce and Industry. Shankar said bringing down the current logistics cost of 13 percent of the GDP to a globally competitive 8 percent would provide a major business opportunity for the industry, ...

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India's solar power target, part of $19 billion, 30-year plan to fight global warming, will be unveiled soon. India's goal is to go from near zero to 20 gigawatts by 2020. When the plan is fully implemented, solar power use would be equivalent to one-eighth of India’s current installed power base, going a long way to limit reliance on dirty ...

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Industry body Assocham asked the Reserve Bank of India to allow foreign institutional investors (FII) to participate in debt markets as a way to maintain stability in the market, said LiveMint.com. Assocham pushed for measures to strengthen the debt market in advance RBI’s upcoming monetary policy. In April RBI slashed short-term lending and borrowing rates by 25 basis ...

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A European Union organization that regulates chemicals entering the EU may present a serious challenge to the Indian textile and apparel sector. The industry must take steps to meet REACH regulations by providing European buyers information about hazardous substances used in the manufacture of textiles and apparel. Currently suppliers have to make sure products are free of the 15 Substances ...

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Because of a reduction in export revenues, Indian IT companies are exploring the domestic market. Most experts are optimistic about an economic recovery and predict the industry will grow 4 to 7 percent in 2010. The IT sector is also expected to hire more workers this year.