he U.S. government on Tuesday unveiled new policies for exports of U.S. military and commercial drones, including armed drones, and said it would work with other countries to shape international standards for use of unmanned military systems.
The economic crisis-worn exports sector posted a staggering 36.2 per cent growth in April to USD 16.9 billion, but the government tempered the euphoria saying growth appeared large due to last year`s poor showing.
Indo-Russian BrahMos supersonic
cruise missile will soon be ready for exports, with six
countries in Asia, Africa and South America showing interest
in buying the weapon system, considered to be the best in its
The government on Tuesday announced incentives worth Rs. 450-500 crore for exporters encouraging them to aggressively market products in China and Japan and build on the recovery witnessed since November last year.
Hyundai Motor is bracing for tougher competition in India as more global rivals attack the small-car segment, but said it would continue to be a top player due to its big volumes and sprawling sales network.
A slew of feel-good news greeted India Inc on the New Year Day with November exports showing signs of scripting a turnaround story and December auto sales zooming, further cementing hopes of a gala 2010.