Manufacturing

Sharp downturn in manufacturing Depending on the duration of the lockdowns that have been imposed, ICRA expects Indian GDP growth to range from 4.7% to 5.2% in FY2021 (4.7%E for FY2020). Projecting this on 25 Mar 2020, ICRA said it...

Threat of over dependence on China, warns Sridhar India needs to be a World leader for not just Generic formulations but APIs (active pharmaceutical ingredients) too, according to S Sridhar, Chair, FICCI Pharmaceuticals Committee and MD, Pfizer. India's pharmaceutical import...

Increasing taste for flavoured cashews The India processed cashew market is projected to register a CAGR of 9.33% during the forecast period (2020-2025), according to a ResearchAndMarkets report. The cashew kernel market has witnessed a rapid shift in the consumption...

Employees being reskilled, says Minister Naik Globally sourced modern technologies have been inducted into the Ordnance Factories as per the Comprehensive Modernization Plan for the XIth and XIIth five-year Plan, Minister of State for Defence Shripad Naik said in a...

Access to modern technology sought The Government has issued 464 licenses to Indian Companies for manufacturing of a wide range of defence items as of February 2020, Minister of State for Defence Shripad Naik said in a written reply Rajya...

Cabinet approves Rs.40,995 crore scheme Global mobile phone manufacturers are set to benefit from a Rs.40,995 crore incentive scheme approved by the Cabinet on 21 Mar 2020. The proposed scheme is likely to benefit 5-6 major global players and few...

India works to build Rs.86,840cr medical device sector To support the strong growth in Medica Device sector, the Cabinet has approved a series of schemes including Production Linked Incentive (PLI) scheme for promoting domestic manufacturing of medical devices with financial...

Support for Indian pharmaceutical industry The Cabinet has approved the following schemes for Promotion of Bulk Drug Parks for financing Common Infrastructure Facilities in 3 Bulk Drug Parks with financial implication of Rs.3,000 crore for next five years. Production Linked...

Development of electronic eco-system The Cabinet has approved to offer financial incentive of 25% of capital expenditure for the manufacturing of goods that constitute the supply chain of an electronic product under the Scheme for Promotion of manufacturing of Electronic...

Introduced: Leasing of defence equipment Defence Minister Rajnath Singh has unveiled the draft Defence Procurement Procedure (DPP) 2020 for further increasing indigenous manufacturing and reducing procurement time. The Draft finalized by a high-level committee headed by DG Acquisition, Ministry of...