Manufacturing

Policy to create eco-system for ancillary units The Steel Ministry has a Draft Framework Policy for the development of Steel Clusters to encourage the production of value-added products by MSMEs and raise demand to 255 MTPA with per capita consumption...

Domestic demand 36 GW of indigenous solar cell and modules over 3 years Prime Minister Narendra Modi has invited investors, developers and businesses to join India’s US$20 billion a year of renewable energy projects to be undertaken over the next...

Report calls for supply-side policy interventions India needs a retail policy immediately to revive five to seven lakh retailers who have shut shop due to the COVID-19 pandemic and lockdown across the country, according to a report. “A National Retail...

Envoys highlight business opportunities India and Nigeria have deep-rooted business relations but there is a need to change the business philosophy for a win-win relationship and increase bilateral trade, according to Prince Kayode Adetokunbo, President, Abuja Chamber of Commerce and...

Indian platform for Digital Mongolia XacBank, a leading universal bank in Mongolia, has selected Finacle’s core banking, treasury, and corporate banking solution suites to power XacBank’s digital transformation. The Finacle solution suite will enable the bank to drive all-round business...

India should expedite trade talks with large markets, says PHDCCI A Free Trade Agreement (FTA) with the United States will boost bilateral trade to US$300 billion by 2025-26, given that India has enjoyed a 7% year-on-year growth in trade with...

Projects expect Rs.173.81cr investments The Inter-Ministerial Approval Committee has approved seven food processing proposals with a total project cost of Rs.234.68 crores including grants-in-aid of Rs.60.87 crores in the States/UTs of Meghalaya, Gujarat, Madhya Pradesh, Karnataka, Maharashtra. These projects will...

Tomar highlights Rs.10,000cr food processing fund Twenty of the 37 sanctioned Mega Food Parks (MFPs) have already started functioning, Minister for Food Processing Industries, Agriculture and Farmers Welfare Narendra Singh Tomar said on 24 Nov 2020 at the MFP inauguration...

Auto industry to work on reducing pollution The Government aims to create core global competencies in India by facilitating the seamless integration of the automotive industry with the world, said Minister of Road Transport and Highways Nitin Gadkari. Considering the...

Sitharaman assures industries of the right policies and continuing reforms Enthused by the Government’s thrust on reforms and reduced taxation rates, several Sovereign Funds have expressed interest in partnering with the Government on its National Infrastructure Pipeline, Finance Minister Nirmala...