Industry Sectors

The UK Defence Solutions Centre (UKDSC), established as part of the UK Defence Growth Partnership (DGP) in 2015, is keen to explore Indian industrial and government perspectives on longer-term Defence technology and capability requirements.

Arun Sharma, Executive Chairman of leading classification society Indian Register of Shipping (IRClass) has discussed broad issues related to marine industry with IMO Secretary General Kitack Lim.

The foundry market in India is expected to expand at a CAGR of about 12.7% during 2018-2023, according a report by ResearchAndMarkets.

Backed by government incentives, the Indian electric rickshaw market is estimated to witness a sale of 935.5 thousand vehicles by 2024, according to a report by ResearchAndMarkets.

GMR Hyderabad International Airport Ltd (GHIAL; BB+/Stable/--) has planned capital spending of Rs.60 billion over the next three years from proposed the US$350 million senior secured notes.

Maruti Suzuki has always re-defined the Indian auto industry with its revolutionary offerings, said its Managing Director and CEO Kenichi Ayukawa, who was reappointed on 28 Mar 2019.

State-owned Indian Oil Corporation (IOC) and Bharat PetroResources Ltd (BPRL) will invest US$170 million on exploring an oil block in Abu Dhabi.

The Indian automotive camera market is forecast to grow from US$30.34 million in 2018 to US$93.66 million by 2024, posting a CAGR of over 20% during the forecast period, on account of increasing road accidents.

The Indian solar power products market is projected to grow at a CAGR of more than 11% to surpass US$7.6 billion by 2024 on the back of increasingly stringent policy and regulatory framework and rising environmental concerns.

India can leapfrog and show the way when it comes to innovative AI applications by working with MSMEs and the eco-system as it is critical for the industrial and manufacturing adoption of such technologies.