India is today the world's largest importer of arms. These include fighter jet planes, missiles and radar systems for strategic partnerships and geo-political power. India is also investing in security and surveillance to combat foreign threats and resistance from its own people in places like the Kashmir valley, and the North East and tribal regions of Central India. This provides tremendous opportunity for multi-national corporations to sell and invest in...

The Empowered Group of Ministers is likely to meet soon to consider a proposal from the Agriculture Ministry to allow wheat exports in the wake of bumper production. "The EGoM is expected to meet in a week or 10 days," Minister of State for Commerce and Industry Jyotiraditya Scindia said here today. The ministers panel is headed Finance Minister Pranab Mukherjee and comprises Agriculture Minister Sharad Pawar , Commerce and Industry Minister...

Archaic labour laws are not affecting India's manufacturing sector as much as problems related to land, water, licences and clearances, a government panel's study shows. With the findings of the Planning Commission study, changing rigid labour laws, so far suspected to be the main hurdle before the manufacturing sector, is likely to drop on the government's list of priorities. The sector contributes 15% to India's GDP. "Against popular perception, we...

The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

Sharad Pawar says many states had asked him not to ban the pesticide Union agriculture minister Sharad Pawar is rooting for endosulfan just before the fifth Conference of Parties (COP) of the Stockholm Convention meets in Geneva from April 25 to April 30 to decide the fate of the pesticide. There seems to be a pattern in Pawar’s resistance to banning endosulfan. Replying to a question in the Lok Sabha on February...