Manufacturing

New measures to encourage FDI Defence Minister Rajnath Singh has unveiled the Defence Acquisition Procedure (DAP) 2020 in New Delhi on 28 Sept 2020 which has been revised periodically to provide impetus to the growing domestic industry and achieve enhanced...

LTTS to develop design automation and support tools L&T Technology Services Limited (BSE: 540115, NSE: LTTS) has been selected to provide engineering services for Illinois-headquartered Tenneco’s DRiV original equipment (OE) Ride Control business group. LTTS will set-up a HUB Development...

UK companies attracted to WB investment schemes The UK India Business Council (UKIBC) is working on a collaboration with the Government of West Bengal will help to boost business and industrial development in the state by proactively developing the business...

Sovereign Wealth Funds critical for partnerships, says Bhattacharyya More joint ventures, investments, manufacturing sectors and technology exchanges are needed between India and the Arab region, says External Affairs Secretary for CPV, OIA and Arab, Sanjay Bhattacharyya. "This is a wonderful...

The missile employs a HEAT warhead Laser-Guided Anti-Tank Guided Missile (ATGM) was test-fired from MBT Arjun Tank at KK Ranges, Armoured Corps Centre and School (ACC&S) Ahmednagar on 22 Sep 2020. In these tests, the ATGM successfully defeated a target...

Govt offers economic packages for industrial hubs NTPC Ltd has invited Expression of Interest (EoI) from energy-intensive industries for setting up manufacturing units within its plant premises at industrial parks at Solapur (Maharashtra), Kudgi (Karnataka) and Gadarwara (Madhya Pradesh). As...

Land for facility and partners identified Abu Dhabi-based CARACAL, with a contract to fast-track the supply of 93,895 CAR 816 assault rifles to the Indian Army, has already identified the required land for the facility and local partners to be...

Pre-bid meeting set for 29 Sept 2020 The Indian Railways has floated the revised Tender of semi-high speed 44 Vande Bharat trains sets with 75% local content, announced the Ministry of Railways on 21 Sept 2020. The Tender is for...

Call for Govt support-handholding during the crisis Business sentiment has bounced back as the economy and business activity has resumed but a call has been made for the Government handholding. “It is heartening to note the recovery in CII’s Business...

Corporatisation of OFB will improve autonomy The Cabinet Committee on Security has approved to convert Ordnance Factory Board (OFB), a subordinate office of Ministry of Defence, into one or more than one 100% Government owned corporate entities, registered under the...