Speaking exclusively to CNBC-TV18's Priya Sheth, Chairman and MD of Bisleri International Ramesh Chauhan also said the company is beefing up local manufacturing.
According to The Global Competitiveness Report 2015-2016, the failure, particularly by emerging markets, to improve competitiveness since the recession suggests future shocks to global economy could have deep and protracted consequences.
The jump in India's position underlines the country's recent economic recovery, improvement in the competitiveness of the country's institutions and its macroeconomic environment and a "slight improvement" in infrastructure, the World Economic Forum (WEF) said in its latest Global Competitiveness Report.
The IPO comprises fresh issue of shares worth Rs 400 crore and an offer for sale of up to 37.67 lakh equity shares by the existing shareholders -- Indivision India Partners and Leon International.
The continuing decline in exports of cotton textiles is a matter of deep disappointment and concern requiring urgent action from the government," Texprocil chairman RK Dalmia said in a statement.
"Bangladesh Power Development Board awarded the EPC contract for setting up the 400-mega watt (MW) gas-based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub contract to L&T on a turnkey basis," L&T said in a BSE filing.
The previously unreported case underlines the weakness of India's unwieldy and poorly resourced drug and food regulatory system, the uncertainty it creates for foreign and domestic companies operating there and the potential risk to consumers.
Hero MotoCorp's first global manufacturing facility at Villa Rica in Colombia, entailing a project investment of USD 70 million, became operational this week.
In a report released today, the World bank said in India job restrictions remain widespread, with women not allowed to work in mining or in jobs that require lifting weights above a certain threshold or working with glass.
Telecom major Bharti Airtel and Malaysia-based Axiata Group have begun talks to merge their operations in Bangladesh to create the second-largest operator in that country.
The Bhartiya Reserve Bank Note Mudran Pvt Limited (BRBNMPL) and Security Printing and Minting Corporation of India Limited (SPMCIL) have initiated steps for introduction of the revised number pattern, official sources said.
"NITI Aayog launched the second version of the India Energy Security Scenarios 2047 calculator (IESS 2047), an open source Web-based tool," NITI Aayog said in a press release.
Sources said the move is part of the company's plan to consolidate its operations, reduce debt and get out of unproductive, low-margin business.
The ratings agency said Asia's large population, GDP growth, and voracious appetite for data services will boost revenues across most of the region's telecom markets.
Prices have hit 100 taka (USD 1.29) per kg in Bangladesh and 80 rupees (USD 1.2) in India as scant monsoon rain delays plantings. In 2013, prices hit around 100 rupees in India, leading to protests across cities and making it a political issue.
JK Paper, a part of the over 100-year old JK Organisation, today achieved a golden jubilee milestone after listing in 1965. JK Organisation has been in the paper industry for over 75 years starting with a 3600 TPA board mill at Bhopal in 1938.
The government, in turn, has taken a host of initiatives to amend labour laws, but all have run into stiff opposition from trade unions.
The 75-year-old Suvra Mukherjee died on Tuesday following a cardiac arrest on August 7 and she was admitted to a hospital.
Suvra Mukherjee was born on September 17, 1940 in Jessore in Bangladesh and migrated at the age of 10 to Kolkata. She married Pranab Mukherjee on July 13, 1957. They have a daughter Sharmistha Mukherjee and two sons Abhijit Mukherjee and Indrajit Mukherjee.
"The Vice President joins the nation in offering condolences to the President on his bereavement," a statement by his office said.
"These efforts would also benefit India's overall sovereign credit profile because they would lead to higher incomes, a stable and lower inflation, and a lower fiscal burden related to food subsidies," it said a report titled 'Vulnerability to Drought Poses Credit Challenges'.
Minister for Communications and Information Technology Ravi Shankar Prasad said attackers are compromising computer systems in different parts of the world and use masquerading techniques and hidden servers to hide the identity of actual systems from which the attacks are launched.
In June private firms signed deals to import 500,000 tonnes of premium Australian wheat, the biggest such purchases in more than a decade, which led to criticism Prime Minister Narendra Modi's government was letting farmers down.
The 15.06 km long track would connect Agartala with Akhaura railway junction in Bangladesh.
The company currently has manufacturing units in Mumbai and Pune. Godrej has entered into a technology transfer agreement with UK's Sure Chill Company for developing and manufacturing these medical refrigerators.