Manufacturing

March 2020 exports down 34.57% FIEO President Sharad Kumar Saraf expects about 80-85% of the manufacturing to restart gradually and augment supply, bringing exports and manufacturing back on track following the government decision to allow opening of economic units in...

Hand-held device presented at DefExpo 2020 Re-emerging out of the Oxford science hub is an Indian-origin laser-based technology, modified by a UK company, to provide an effective detection system for security purposes. C.V. Raman was a great Indian scientist who,...

Tenders: Housing-Metro-Bullet Train The India elevator & escalator market is projected to grow at a CAGR of 4.5% during 2019-2025, based on the strategic focus of government in revving the construction sector with projects such as Smart Cities Mission. Ambitious...

India seeks defence technologies The Indian base defense expenditure (excluding pensions) is expected to grow at a CAGR of 10.46% in 2021-2025. India is expected to procure and invest in segments such as multirole aircraft, frigates, destroyers, corvettes, submarines, tanks,...

Be practical, Goyal tells industries Commerce and Industry Minister Piyush Goyal has told the industries to have a calibrated and rational approach to the problem faced during COVID-19, by evolving protocols and procedures. Such approach will help them in improving...

Govt urged to help trade and Industry during COVID-19 The PHD Chamber of commerce and Industry in its short-term and long-term suggestions to the government has suggested a stimulus package of Rs.11 lakh crore from the Government to mitigate the...

Goyal wants to reboot the economy Commerce and Industry Minister Piyush Goyal has told exporters to think big and be ready to harness the opportunity in the post-COVID-19 era. “If we improve our quality, build capacity, bring in economies of...

ICRA sees FY2021 GDP at 2021 The Indian economy is likely to witness a sharp contraction of 4.5% (de-growth) during Q4FY2020 and a gradual recovery to just 2% GDP in FY2021, post the Covid-19 outbreak and emanating concerns thereof, according...

Hitachi strengthens global network Japan’s Hitachi Limited 80.1% share capital acquisition of ABB Management Holding AG (ABB Management) has been approved by the Competition Commission of India (CCI). CCI approved Hitachi’s acquisition of ABB power grid business on 7 Apr...

Port CAGR at 5-6% by 2022 The logistics market in India is forecasted to grow at a CAGR of 10.5% between 2019 and 2025, according to a 3 Apr 2020 report “Indian Logistics Industry Outlook, 2020” by ResearchAndMarkets. Increasing investments...