Cisco inaugurates its 1st manufacturing facility in India, eyes $1.3 bn annual revenue

 Global networking giant Cisco on Friday inaugurated its first manufacturing facility in India, that will help the company generate more than $1.3 billion annual revenue in combined exports and domestic production, along with creating 1,200 jobs.  Cisco has collaborated with homegrown contract manufacturer Flex to successfully build the facility and bring advanced telecom technology that … Read more

India payments authority inks deal to develop payments system for Trinidad and Tobago

The overseas arm of India's National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and Tobago, modelled after India's United Payments Interface (UPI), according to a statement on Friday. The NPCI International Payments Limited (NIPL) said its deal with the Ministry of Digital Transformation of Trinidad and Tobago is to … Read more

Textiles industry to grow to $350 billion by 2030, create up to 6 crore jobs: Centre

The Indian textiles industry is estimated to grow to $350 billion by 2030, generating 4.5-6 crore jobs, the government said on Friday.  Setting a target of 50,000 metric tonne silk production and employment generation of 1 crore by 2030, Union Textiles Minister Giriraj Singh said cultivation of silk is linked to employment generation of farmers. … Read more