Manufacturing

Food packaging at $55bn by 2020, says Exim study The Indian packaging sector is expected to reach US$72.6 billion by 2020, growing at a CAGR of 18% during 2016-21, according to a study by Export-Import Bank of India (India Exim...

India’s share in global trade improving, says Minister Commerce and Industry Minister Piyush Goyal says exports and imports are showing positive trends following a sharp dip in April due to pandemic. The exports are approaching levels seen last year while...

E-mobility programme will cut oil imports Energy Efficiency Services Limited (EESL), a Super Energy Service Company (ESCO) under the administrative control of the Ministry of Power, will procure 250 electric vehicles from Tata Motors and Hyundai Motor India using an...

Saudi investment flows into Swiss MNC linked to Indian market The Competition Commission of India (CCI) has approved the incremental acquisition by SABIC International Holdings in Swiss multinational Clariant AG under Section 31(1) of the Competition Act, 2002, on 2...

Somal Refractories to become a global player Ludhiana-based Somal Refractories and Zampell from Massachusetts are to expand the product market to include Europe and America through the market channel of Zampell and expand installation capabilities in the Asian Market including...

Silver lining during festivities! Restrictions on manufacturing, industrial, construction and consumption activities for the major part of Q1 FY2021 due to the imposition of nationwide lockdown primarily hurt the financial performance of the Indian Corporate sector. This assessment was given...

DP World completes $1.2bn investment in India The India–UAE trade in goods and services has the potential to reach a target of US$120 billion in the next few years, said Ahmad Sultan Al Haddad, Chief Operating Officer, Parks and Zones...

New board to steer the USISPF’s India strategy The US-India Strategic Partnership Forum (USISPF) has announced on 2 Sept 2020 the formation of its India Executive Leadership Board on the occasion of its 3rd Annual Leadership Summit that was headlined...

Karnataka CM seeks economic partnership with the US Karnataka Chief Minister B.S. Yediyurappa has presented the US industry captains details of the huge opportunities in IT, ITES services, machine tooling, manufacturing, aerospace, biotechnology, and engineering design in his state. Addressing...

US order demonstrates Indian capabilities WAAREE Energies Ltd, India's Largest Solar panel manufacturer, has received a 300+ MW order to supply solar panels to a project based in California to be commissioned in the second or 3rd quarter of 2021....