Orders surge for leading capital goods firms: Rs 8.45 tn & growing

Orders flow for leading capital goods firms

India's prominent capital goods and engineering firms find themselves in the midst of an exceptionally busy season, as the combined order book has surpassed the value of Rs 8 trillion. According to data available as of September 30, 2023, 13 out of the top 15 listed capital goods and engineering companies in India, for which quarter data ending in September 2023 was available, collectively held an order book valued at Rs 8.45 trillion. This figure, as per data compiled from company disclosures, represents a level not witnessed since at least the fiscal year 2018-19.

Anupama Arora, a ..

India Targets Doubling Exports by 2030

India's merchandise exports witnessed a slight downturn, dipping by over 3 per cent to USD 437 billion in the fiscal year 2023-24, while imports saw a sharper decline of 5.7 per cent to USD 675.4 billion during the same period. In response to these figures, the Ministry is setting ambitious targets, aiming to more than double the country's outbound shipments of goods by 2030.

Explaining the rationale behind this endeavor, a senior official emphasized the necessity of additional infrastructure and logistics capacity at key transport hubs including roads, ports, airports, and railways. T..

India's Biggest Mall in Delhi

Delhi is set to host India's largest mall at the Indira Gandhi International Airport's Aerocity by 2027. The massive retail complex will span over 2.8 million square feet, forming a crucial part of the $2.5 billion Worldmark Aerocity expansion project.

The mall aims to transform the area into India's first aerotropolis, a metropolitan hub around the airport featuring a blend of retail, commercial, and entertainment spaces. This development is poised to significantly boost the local economy and provide a comprehensive shopping experience, attracting both residents and travellers.