Manufacturing

Saraf sees vaccines putting life and economy on v-shaped recovery globally FIEO President Sharad Kumar Saraf said that India’s December exports have moved towards positive territory as major export products show signs of further revival as expected. The marginal decline...

Four policies on PCPIR in the implementation stage The Department of Pharmaceuticals is considering 11 FDI proposals worth Rs.7,211 crore in brownfield pharmaceutical projects while 15 FDI proposals worth Rs.1,512 crore have been approved from 1 April 2020 to 22...

Himachal Pradesh gets $10m for subtropical horticulture project The Asian Development Bank (ADB) has signed two agreements for a US$231 million loan agreement for the construction of a 120 megawatts (MW) hydroelectric power plant in Assam that will enhance the...

SPRs filled during low oil prices As part of strengthening energy security, India has added Russia and Angola as new sources for crude oil imports on a term basis, Ministry of Petroleum and Natural Gas said in a 2020 review...

MNRE underlines the importance of renewables A 58.31 GW solar power capacity is currently under installation and or tendering process as harnessing solar energy is one of the major components of India’s renewable energy strategy, said the Ministry of New...

Saraf wants robust FTAs The Federation of Indian Export Organizations (FIEO) President Sharad Kumar Saraf sees 2021-22 exports at US$350 billion, citing “extremely good order booking position” for food including processed food, pharma, medical and diagnostic products, technical textiles, chemical,...

Bengaluru and Pune to supply indigenously designed defence products Bharat Electronics Limited (BEL) has signed two contracts on 31 Dec 2020 to supply 10 Lynx U2 Fire Control systems and Laser Dazzler to the Defence Ministry and the Navy under...

Friendly countries keen on India’s surface to air missile The Cabinet has approved the export of Akash Missile System under a “Committee for faster Approval of Exports” of the surface to air missile with a range of 25-km which has...

Global groups join Maritime Park on Willingdon Island Cochin Shipyard Limited is expected to commission the International Ship Repair Facility (ISRF) in FY 2021-22, having start construction on 17 Nov 2017, the Ministry of Ports, Shipping and Waterways said in...

Industry expects Govt’s bold steps to tackle the economic challenge All eyes are on the upcoming Budget 2021-22, says recently appointed FICCI President Uday Shankar, noting the Government’s efforts to seek economic growth inducing ideas. Shankar made the comments on...