India poised to become $ 35 trillion economy in 24 years, says Goyal

15 Jan 2024 CW Team

Highlighting India's status as a significant and reliable economy, Goyal praised the global interest in investments, referring to a meeting with a US investment firm intending to double its $ 13-billion investment. The Entrepreneur of The Year award was presented to Swarup Bose of Celcius Logistics Solutions, while Mohammad Hamza of Engineering & Environmental Solutions received recognition as the Young Entrepreneur of The Year, and Jayashree Nair of BDH Industries was honoured as the Women Entrepreneur of The Year.

In a fireside chat, V Vaidyanathan, MD & CEO of IDFC FIRST Bank, remarked that the positive outlook for MSMEs (Micro, Small, and Medium Enterprises) is a result of the combined efforts of the government, the Reserve Bank of India, and banks. He pointed out the significance of robust asset quality, digitisation, and continuous infrastructure investments, which empower micro-entrepreneurs in India. He stated, "The optimistic perspective towards MSMEs is a result of collaborative efforts by the government, RBI, and banks, coupled with strong asset quality, digitisation, and ongoing infrastructure investments."

Vaidyanathan also highlighted India's achievement in formalising the economy, especially for MSMEs, through digital connectivity, including Aadhaar and Bharat's optic network. He noted, "India has achieved a remarkable milestone in formalising the economy, particularly for MSMEs, with the help of digital connectivity, including Aadhaar and Bharat's optic network." He mentioned that over 100 million merchants now engage in digital transactions through QR codes, facilitating trade and supporting micro-businesses.

The jury panel for the awards included Harsh Mariwala, Chairman of Marico, and Arundhati Bhattacharya, Chairperson and CEO of Salesforce.

There is a widespread anticipation concerning India on a global scale, and the nation finds itself at a pivotal moment, poised to transition into a $ 35-trillion economy over the next 24 years, marking an era of unparalleled growth, as stated by Piyush Goyal, the Minister of Commerce and Industry.Goyal expressed, We stand on the verge of a historical chapter for our nation, one that will propel India into a high-growth economic trajectory.Highlighting India's status as a significant and reliable economy, Goyal praised the global interest in investments, referring to a meeting with a US investment firm intending to double its $ 13-billion investment. The Entrepreneur of The Year award was presented to Swarup Bose of Celcius Logistics Solutions, while Mohammad Hamza of Engineering & Environmental Solutions received recognition as the Young Entrepreneur of The Year, and Jayashree Nair of BDH Industries was honoured as the Women Entrepreneur of The Year. In a fireside chat, V Vaidyanathan, MD & CEO of IDFC FIRST Bank, remarked that the positive outlook for MSMEs (Micro, Small, and Medium Enterprises) is a result of the combined efforts of the government, the Reserve Bank of India, and banks. He pointed out the significance of robust asset quality, digitisation, and continuous infrastructure investments, which empower micro-entrepreneurs in India. He stated, The optimistic perspective towards MSMEs is a result of collaborative efforts by the government, RBI, and banks, coupled with strong asset quality, digitisation, and ongoing infrastructure investments. Vaidyanathan also highlighted India's achievement in formalising the economy, especially for MSMEs, through digital connectivity, including Aadhaar and Bharat's optic network. He noted, India has achieved a remarkable milestone in formalising the economy, particularly for MSMEs, with the help of digital connectivity, including Aadhaar and Bharat's optic network. He mentioned that over 100 million merchants now engage in digital transactions through QR codes, facilitating trade and supporting micro-businesses. The jury panel for the awards included Harsh Mariwala, Chairman of Marico, and Arundhati Bhattacharya, Chairperson and CEO of Salesforce.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..