Manufacturing

Exim Bank’s six-pronged strategies for the state With a favourable policy framework and concerted efforts to boost exports, Kerala could achieve US$54.7 billion of export revenues by 2024-25, up from US$9.8 billion of shipment of merchandise products in 2018-19. This...

OFB corporatization for global markets Defence Minister Rajnath Singh has told the defence industry to drop outdated practices and adopt modern management techniques if it wants to compete globally. “If government-owned defence industries are to compete at national and international...

India’s WTO-compliant FTP will be crucial The Indian export sector is likely to witness a sharper recovery curve September-October onwards, which could be further strengthened by the holiday season in western countries in the following months, according to a California’s...

Singh approves 106 Basic Trainer Aircraft for IAF Defence Minister Rajnath Singh has approved capital acquisitions of various indigenous platforms and equipment required by the Indian Armed Forces for an approximate cost of Rs.8,722.38 crore. The Defence Acquisition Council (DAC)...

Improve terms to increase global market share India must aim to achieve a 5% share in world merchandise exports and 7% in services exports by 2025, says a report by the Confederation of Indian Industry (CII). India’s goods exports declined...

CCI nod to Jap companies in India The Competition Commission of India (CCI) has on 11 August 2020 approved proposed combination filed jointly by Keihin Corporation, Nissin Kogyo Co Ltd, Showa Corporation and Hitachi Automotive Systems, Ltd for their being...

A spur for industry recovery, says Dr Reddy The defence industry is looking forward to more items being added progressively to the embargo list so as to deepen the process of indigenisation by leveraging the capabilities of manufacturers. FICCI President...

Agri Infra Fund to support farmers Prime Minister Narendra Modi has launched a new Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund of Rs.1 lakh crore to support farmers. The scheme, launched 9 August 2020, covers PACS,...

India-Argentina trade US$3.09 billion in 2019-20 The Indian Ambassador to Argentina, Dinesh Bhatia, has called on industry houses in India and Argentina to explore trade opportunities in a wide range of sectors including energy, healthcare, pharmaceuticals and agriculture products. “It...

Technology upgrades for new export avenues Minister for Road Transport and Highways Nitin Gadkari has called for an urgent need to look towards improving the presence of the MSME industry in the 115 identified aspirational districts of the country. Their...