Search

The article discusses the impact on cheaper Chinese goods on small Indian manufacturers. Topics discussed include decrease in profit margins of the diesel engine pump maker Sardhara Engine Manufacturers, closure of small business in the light emitting diodes (LED) industry due to duty-free products and the Textile Machinery Manufacturers Association's (TMMA)report on imports of low-cost textile machines.

The article offers information regarding the business acquiring for Indian multinational companies in abroad. It informs that companies in India are seeking out their share in the global world despite of the fact that India attracts a low amount of foreign direct investment (FDI) every year. It also informs that India would have 20 per cent more multinational companies (MNCs) than China by the year 2024.

The article reports that in World Economic Forum Global Information Technology (IT) Report 2006-07, India has slipped four places on the Networked Readiness Index to 44. Denmark and Sweden are in first and second places, respectively. The rankings expose the hype about India's IT infrastructure. China has fared even worse on the index, sliding nine places to 59.

The article reports on the concern of India over its loss to China in the field of clinical drugs trials. According to Swati A. Piramal, director of Nicholas Piramal India, China already leads India in the manufacture of active pharmaceutical ingredients (APIs). On the lighter side, Subir Gokarn of Standard & Poor's Asia-Pacific believes that India has a clear advantage over China especially in the business process outsourcing (BPO) and information technology enabled services (ITES)