Business with India

Netherlands upbeat on Make in India, to help Clean Ganga mission

- by India Writes Network

Throwing its weight behind the “Make in India” campaign, the Netherlands has forged a multi-faceted development partnership with India and pledged support for the Clean Ganga mission.

The Netherlands’ Prime Minister Mark Rutte, who is on a two-day visit to India, met his Indian counterpart Narendra Modi in New Delhi on June 5, and held wide-ranging discussion on an array of bilateral and global issues.

The meeting followed a luncheon discussion hosted by Mr Modi with 35 CEOs of leading industries of both countries. The European country’s enthusiasm for Make in India was evident in the agreement signed between Cochin Shipyards Limited (CSL) of India and Dutch Shipbuilder Royal IHC to build dredges in India, which included transfer of technology from IHC to CSL.

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Maggi noodles ‘safe’ for consumption, but removed from market

- by India Writes Network

Though Nestle made a presentation to India’s Health Ministry on June 4th defending its star product- the Maggi instant noodles- saying that the samples detected with excess lead were past the expiry date, the food giant has decided to withdraw the product from sales in India. The company said the nation-wide uproar over the product has “created an environment of confusion” for consumers. Since consumers’ trust was a key priority, the company had taken a decision to withdraw the product from the market.

A Nestle spokesperson said, “Unfortunately, recent developments and unfounded concerns about the product have led to an environment of confusion for the consumer, to such an extent that we have decided to withdraw the product off the shelves, despite the product being safe”.

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India’s economic growth outpaces China’s in 2nd quarter

- by India Writes Network

he Indian economy grew at 7.3 percent in 2014-15 compared to 6.9 per cent in 2013-14, making it the second straight quarter during which it grew at a faster rate than that of China.
According to reports released by the Central Statistics Office (CSO) on May 29, the economy surged primarily due to the improvements in the performance of service as well as the manufacturing sector. Although the GDP growth saw a marginal surge during 2014-15, it was lower than the earlier estimated figure of 7.4 percent. The fourth quarter (January-March 2015) recorded the highest percentage growth at 7.5 percent, better than 6.6 percent recorded in the previous quarter.
The manufacturing sector showed better improvement in 2014-15, as it grew at 7.1 percent against 5.3 percent recorded in the year 2013-14. The output of electricity, gas, water supply and other utilities increased by 7.9 percent against 4.8 percent in the previous year.

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