Manufacturing

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...

Facility’s R&D will work on eco-friendly packaging solutions Indore’s PackUniverse International will be investing $6 million in the first phase construction of a state-of-the-art manufacturing facility in Ontario to produce integrated export and domestic packaging solutions for the Canadian manufacturing...

Kumar underlines the importance of funding MSMEs and SMEs Artificial Intelligence, Algorithms, Prediction Analysis are the future of lending norms for banks to follow and as such it is important to move on from Rating criteria for grant of loans,...

Banks support biogas industry, says Tarun Kapoor A mechanism is being set up to register compressed Bio Gas plants which will also get handholding till commissioning and the flow of gas into the market, Tarun Kapoor, Secretary, Ministry of Petroleum...