Industry Sectors

The Government has accepted recommendation for restructuring and strengthening of Hindustan Aeronautics Limited (HAL) and setting up of an Aerospace University at a cost of Rs.592 crore.

Invest India is currently working with 1,003 companies, with an indicated investment worth US$137 billion and indicated employment of 1,981,147 extending end-to-end facilitation support, Parliament was told on 3 July 2019.

The Ministry of Agriculture and Farmers Welfare has signed a Statement of Intent (SoI) with IBM for undertaking an AI-weather pilot study in 3 districts of Bhopal, Rajkot and Nanded in Madhya Pradesh, Gujarat and Maharashtra, respectively.

While consolidation has been an ongoing phenomenon for some time in India, recent mergers, acquisitions and joint developments are underscoring this trend like never before, writes Shobhit Agarwal, MD & CEO - ANAROCK Capital.

Accenture (NYSE: ACN), Cisco and Quest Alliance are teaming to equip 1.5 million youth across India with skills for the digital economy, it was announced in Bengalore on 2 July 2019.

The Indian fertilizer market is projected to record a 12.3% CAGR during 2019-24 to Rs.11,116 billon from Rs.5,437 billion in 2018, according to a ResearchAndMarkets report.

India must enhance its value proposition and build a supportive infrastructure to double the foreign tourist arrivals (FTA) in the country, said a Federation of Indian Chambers of Commerce and Industry (FICCI) knowledge paper.

The Federation of Indian Export Organizations (FIEO) has urged the Government to provide a 200% tax deduction for Research and Development (R&D) investment and product innovation as the sector face long gestation activity with uncertainty.

Commerce and Industry Minister Piyush Goyal has called for a Mass Movement to strengthen the cooperative sector in agriculture and tap its true potential to double farmers’ income to Rs.7 lakh crore by 2024-25.

FICCI President Sandip Somany has highlighted some of the key areas that the Government should consider in the third year of Goods and Services Tax (GST) implementation.