MAKE IN INDIA INITIATIVES
Why Indians are banking on the EB-5 visa for the US? The golden path to green card and who is eligible for it
The EB-5 Immigrant Investor Program offers a path to US permanent residency for foreigners who invest at least $800,000 in American businesses, creating jobs. It attracts Indian professionals and students seeking alternatives to student visas. Challenges include long waiting times and a high investment threshold, with potential changes on the horizon.
Xander Group looking to offload 3.5m-sq-ft warehousing portfolio
Xander Group is divesting its 3.5 million sq ft warehousing portfolio across Chennai, Mumbai, and Kolkata, seeking a valuation exceeding ₹2,000 crore. The portfolio, built over the last four to five years, comprises fully leased Grade A properties with long-term leases. Advisors have been appointed to explore sale options amidst rising institutional interest in India's logistics sector.
Swedish firms upbeat on India's investment climate: Survey
A recent survey by the Swedish Chamber of Commerce India indicates a positive outlook on India's business environment, with many companies anticipating increased turnover, particularly in construction, aerospace, IT, and electronics.
England tour is exam for Shubman Gill, good batting key to good captaincy: Saba Karim
Shubman Gill's captaincy faces a test during the upcoming England tour. Saba Karim believes Gill's batting performance will influence his captaincy. Karim anticipates competitive matches from the young Indian team. He also highlights Karun Nair and Sai Sudharsan as players to watch. Arshdeep Singh is expected to make an impact in the bowling department, replacing the seasoned Mohammad Shami.
Why did we have to wait for Gen Chauhan to make revelations from Singapore? Cong questions govt over Op Sindoor
Congress MP Jairam Ramesh has criticized the Defence Minister for not sharing information about recent events with opposition leaders during all-party meetings, particularly regarding comments made by CDS Gen Anil Chauhan in Singapore. Ramesh highlighted the importance of transparency and questioned why the government waited for Gen Chauhan's revelations instead of addressing the issues in Parliament.
Trump's revised tariffs on steel and aluminium threaten India's USD 4.56 billion exports to US: GTRI
A Global Trade Research Initiative report warns that U.S. President Trump's decision to double tariffs on steel and aluminium imports, effective June 4, 2025, will significantly impact India's metal exports, valued at USD 4.56 billion. The increased tariffs, raising rates to 50%, are expected to make Indian products less competitive in the U.S. market, potentially harming Indian producers and exporters.
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Travel and hospitality companies prepare for IPO amid rising domestic tourism
Several Indian travel and hospitality companies are planning initial public offerings. Oyo, Pride Hotels Group, and LaRiSa Hotels & Resorts are among them. Lemon Tree Hotels will list Fleur Hotels in two years. The Leela Palaces, Hotels and Resorts, concluded its IPO in May. Prestige Hospitality and Travel Food Services have also initiated IPO processes.
Embraer sets up subsidiary in India
Embraer, the Brazilian aerospace giant, has established a subsidiary in India to strengthen its presence across defence, commercial aviation, and urban air mobility. With around 50 Embraer aircraft already operating in India, this move underscores the growing ties between Brazil and India.
IndiGo inks initial pact with BIAL to set up MRO facility
IndiGo will set up a maintenance facility at Kempegowda International Airport Bengaluru. The airline has signed a pact with Bangalore International Airport Limited. BIAL will allocate 31 acres for this project. This MRO facility will handle both narrow and wide-body aircraft. It will boost IndiGo's maintenance capabilities. Both organizations aim to enhance aviation infrastructure.
Target locked: India’s homebuilt weapons outclass Chinese imports
Operation Sindoor wasn’t just a battlefield success for India—it was a decisive demonstration of homegrown military strength. While Pakistan fielded Chinese-made weapons and struggled, India relied on its indigenously developed systems under Make in India and Atmanirbhar Bharat. According to military expert John Spencer, India’s sovereign arsenal proved superior. The campaign signalled not only military dominance but also a shift in global defence credibility. Indian defence firms soared in the markets, while Chinese firms saw sharp declines as their weapons underperformed.
EPF withdrawals via ATM, instant UPI as EPFO 3.0 likely to roll out in June 2025
The EPFO is set to revolutionize PF withdrawals by June 2025, enabling instant access via UPI and ATMs, pending NPCI approval. This initiative, supported by the Ministry of Labour and Employment, will allow members to check balances and transfer funds seamlessly.
Next round of India-US trade negotiations to take place on June 5-6 in New Delhi
India and the US are in talks for a Bilateral Trade Agreement. A US team will visit India in early June. Discussions are progressing well between both countries. They aim to sign the first part of the BTA before July. The goal is to reach USD 500 billion in bilateral trade by 2030.
India must reassess US trade deal after Trump tariffs declared unlawful: GTRI
Following a US court ruling against Trump's reciprocal tariffs, GTRI advises India to be cautious in FTA talks with the US. The court deemed the tariffs unlawful, raising concerns about the fairness of potential trade agreements. Despite plans for a bilateral trade agreement, India is urged to reassess its negotiation strategy to avoid disproportionate benefits for the US.
India to retain crown of fastest growing major economy amid global gloom: RBI
The Reserve Bank of India’s annual report states that despite global challenges like market volatility, geopolitical tensions, and climate risks, the Indian economy is set to remain the fastest-growing major economy in 2025-26, supported by strong macroeconomic fundamentals, a robust financial sector, and a focus on sustainable growth.
RBI to use shredded banknotes in making particle boards
The Reserve Bank of India is taking steps to be more environment-friendly. It will now use shredded banknotes to create particle boards. This initiative aims to replace wood particles in the boards. A study confirmed the suitability of currency briquettes for this purpose. The RBI is now seeking particle board manufacturers for empanelment.
Rajnath Singh calls AMCA ‘bold, decisive’ move to strengthen India’s defence arsenal
India’s Defence Minister Rajnath Singh has approved the Advanced Medium Combat Aircraft (AMCA) programme, a key step in developing India’s fifth-generation fighter jets. The project, involving both public and private sectors, aims to enhance self-reliance in defence and boost aerospace manufacturing. Amid rising regional threats and global advancements, the AMCA will strengthen India’s air force and support Prime Minister Modi’s ‘Make in India’ vision. The first prototype is expected by 2031, with production starting in 2035.
BP's Castrol business draws interest from Reliance, Apollo and Lone Star
BP Plc's Castrol lubricant business is drawing significant interest from a range of potential buyers, including Reliance Industries, Apollo Global Management, Lone Star Funds, Brookfield Asset Management, and Stonepeak Partners. Saudi Aramco is also considering a bid for the unit, which could fetch between $8 billion and $10 billion.
Ather Energy signs pact with Infineon Technologies to drive innovation in EV space
Ather Energy and Infineon Technologies Asia Pacific have partnered to drive innovation in India's EV sector. The collaboration aims to advance semiconductor technologies for light electric vehicles, charging infrastructure, and safety. Together, they will develop efficient, reliable, and cost-effective EV solutions, contributing to India's goal of 30% EV sales by 2030.
Schaeffler India invests Rs 1,700 cr in 3 years to expand local capabilities
Schaeffler India has invested Rs 1,700 crore over three years to expand its capabilities in powertrain and e-mobility solutions. The company inaugurated a new manufacturing plant in Tamil Nadu, focusing on conventional and electrified powertrain technologies for the domestic market. This expansion aims to meet rising market demands and support the 'Make In India' initiative.
Coca Cola unveils game-changing reverse vending machines that could transform how we think about trash
Coca-Cola India has put smart machines in Puri that collect and crush used plastic bottles. People get rewards for using them. It’s a fun and easy way to help with recycling and fight plastic waste.
Outdated fertiliser rules favour imports over domestic production: Industry
Industry bodies are criticizing India's outdated fertilizer regulations, claiming they favor Chinese imports over domestic manufacturers, hindering the "Make in India" initiative. The current framework, governed by both central and state authorities, imposes excessive compliance burdens on local startups, requiring multiple licenses and infrastructure in each state.
Gagandeep Singh Bedi joins Smile Group to lead HealthTech Venture Builder
Smile Group is venturing into the healthtech sector. They are launching a Healthtech Venture Builder. Gagandeep Singh Bedi will lead this initiative as Managing Partner. Bedi brings extensive experience from AstraZeneca and other firms. He has also worked with Indian startups. This move aims to capitalize on the growing AI in healthcare market in Asia.
Vietnam proposes ‘golden visa’ program; welcoming global talent to boost tourism and investment sectors
Vietnam is proposing a 10-year golden visa program to attract long-term tourists, investors, and foreign professionals, particularly from India. This initiative aims to boost tourism, investment, and economic growth, transforming Vietnam into a sustainable travel and international collaboration hub. The program includes investor and talent visas with long-term residency prospects in major economic hubs.
PM Modi to inaugurate Dahod Locomotive Manufacturing Workshop today
Ahead of Prime Minister Modi's visit, Dahod is buzzing with excitement for the inauguration of the Locomotive Manufacturing Workshop, a significant achievement for Indian Railways. Built in just three years, the workshop aims to produce 120 locomotives annually, potentially scaling up to 150.
Trump tariff push to make iPhones dearer for US market, labour cost may rise 13 times: Experts
US tariffs on imported iPhones will increase prices due to higher duties and production costs. Relocating Apple’s supply chain from Asia to the US is impractical and expensive. India remains a vital manufacturing hub, benefiting from lower labour costs and incentives, while US tariffs threaten Apple’s profit margins.
Don't equate victim with perpetrator in terror attacks: FS Vikram Misri at Raisina Tokyo
Foreign Secretary Vikram Misri highlights the importance of not equating victims and perpetrators of terror. He appreciates Japan's support after the Pahalgam attack. India launched strikes targeting terror infrastructure. Misri notes global economic challenges and India's role as a source of stability. India aims to strengthen its manufacturing sector and infrastructure. India and Japan's partnership can be impactful.
Logicap, Mitsubishi Estate extend JV for industrial, logistics development in India
Logicap Management and Mitsubishi Estate Co. have expanded their partnership with a follow-on investment to develop 3.5 million sq ft of industrial and logistics infrastructure in India. This builds upon their initial joint venture, focusing on key markets like Chennai, Mumbai, and Delhi-NCR. The investment signals confidence in India's growing logistics sector and Logicap's development capabilities, aiming for a 13.
BEL signs contract with Army for Indigenous Counter-Drone System, secures orders worth Rs 572 crore
Bharat Electronics Limited (BEL) has secured a contract with the Indian Army for the Integrated Drone Detection and Interdiction System (IDDIS), bolstering India's defense capabilities. BEL's indigenously designed Akashteer air defense system demonstrated its effectiveness during recent tensions with Pakistan, successfully neutralizing drone and missile attacks. The system integrates surveillance and radar to provide comprehensive air defense.
India must work with Chinese capital, supply chains to become manufacturing hub: Former Intel executive
“India needs a national industrial policy, not just slogans. ‘Make in India’ has to mean software, services, chips, cloud, the whole stack,” former Intel executive William Huo said in a social media post. Huo also warned that cutting ties with China completely is not a realistic option if India wants to become a strong manufacturing country.
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