Industry Sectors

India’s exports could face headwinds in the event of sustained global slowdown as has been witnessed so far, said the Reserve Bank of India (RBI) in its Economic Outlook for 2020.

Department for Promotion of Industry and Internal Trade (DPIIT) has permitted self-certification and third-party inspection and certification of boilers with State Governments.

Many corporate frauds could be prevented if the companies pay heed to the complaints from their clients and employees, according to Dr D K Aggarwal, President, PHD Chamber of Commerce and Industry.

The year-on-year (Y-o-Y) growth in bank credit is expected to decelerate sharply to 6.5-7.0% during FY2020 from FY2019’s 13.3%, following limited incremental credit growth during FY2020 till date, says rating agency ICRA Ltd on 26 Dec 2019.

HCL Technologies has opened a Global Delivery Center (GDC) in Moncton, New Brunswick (Canada) and two new technology delivery centers in Vilnius, capital city of Lithuania.

India has launched its first long distance CNG-fuelled bus for traveling around 1,000 kms in a single fill in light composite tanks made by India-US partnership.

The Cabinet was apprised of a Memorandum of Understanding between Saudi Arabia and India for setting up a framework for cooperation in the field of renewable energy such as technologies.

PHD Chamber of Commerce and Industry has urged the government for amendment in the definition of Micro, Small and Medium Enterprises (MSMEs) to rejuvenate economic growth.

There is enough cash available in the banking system and its now for the industry to take advantage of this, said SBI Chairman Rajnish Kumar.

Chhattisgarh Chief Minister Bhupesh Baghel has highlighted his state’s immense potential in eco-tourism, food processing, agro-forestry among others and assured investors of his government's support.