Bombay Stock Exchange (BSE) has decided to include 25 scrips in the BSE mid-cap index with effect from January 11. BSE plans to add Bombay Dyeing, CMC, Core Projects & Tech, Cox and Kings, Den Networks, Eicher Motors, Emami, Firstsource, Gujarat Industries Powerco, Honeywell and Indiabulls Power in the mid-cap index, among others.
The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country. Why India as the next manufacturing destination? The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...