Industry Sectors

Twenty-three contracts for procurement for defence equipment have been signed with US and Israel during 2016-17 to 2018-19, Minister of State for Defence Shripad Naik said in a written reply to Rajya Sabha on 2 Dec 2019.

The Government has taken various initiatives to enhance the competitiveness of Micro, Small and Medium Enterprises (MSMEs) through schemes such as Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS), Micro and Small Enterprises – Cluster Development Programme, Procurement and...

As part of the modernisation and expansion project, Steel Authority of India Limited (SAIL) has invested Rs.2,371 crore on a new Steel Melt Shop and enhance the capacity of Cold Rolling Mill at Salem Plant.

The cheaper Chinese imports would have got the advantage of preferential tariff and harmed the Indian Steel Industry, said Steel Minister Dharmendra Pradhan in parliament on 2 Dec 2019.

PHD Chamber of Commerce and Industry wants the government to focus more on the demand boosting measures particularly in the rural areas such as boosting the income of the farmers, promoting rural based industries and more handholding to the MSMEs.

Defence Minister Rajnath Singh and External Affairs Minister Dr. S. Jaishankar met Japanese Foreign Affairs Minister Motegi Toshimitsu, and Defence Minister Kono Taro on 30 November 2019 in New Delhi for the first India-Japan 2+2 Foreign and Defence Ministerial Meeting.

Mumbai-Ahmedabad High Speed Rail (MAHSR) Project, with technical and financial assistance of Government of Japan, is progressing satisfactorily, Railway Minister Piyush Goyal has told Rajya Sabha on 29 Nov 2019.

Flughafen Zurich AG said it has been selected to build Noida International Airport at Jewar, some 80km south of Delhi.

The Government is reviving five closed fertilizer plants -- Talcher, Ramagundam, Gorakhpur and Sindri plants of FCIL and Barauni plant of HFCL by setting up new Ammonia Urea plants of 12.7 Lakh metric tonne per annum capacity.

The Federation of Indian Chambers of Commerce and Industry is hoping for a better economic growth in the second half of current financial year though it was concerned about the second quarter growth of 4.5%.