Manufacturing

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...

Plans to work with private and Govt labs Co-Diagnostics Inc of Utah said its Indian joint venture has become the first company to receive a license from the Central Drugs Standards Control Organisation (CDSCO) to manufacture RT-PCR COVID-19 test kits....

Flexible packaging drives growth The packaging market in India is expected to grow by US$81.07 billion during 2020-2024, according to the latest market research report by Technavio released on 19 Mar 2020. Flexible packaging ensures freshness, durability and barrier protection...

Goyal updates on export enhancing schemes India’s merchandise export has increased to US$330.07 billion in 2018-19, up 8.75% from US$303.53 billion in 2017-18 amidst challenges from slower global economies and financial crisis, said Commerce and Industry Minister Piyush Goyal on...

DAC clears acquisition of 83 Mk1A The Defence Acquisition Council (DAC) has approved acquisition of indigenous defence equipment for about Rs.1,300 crore while the Cabinet Committee on Security (CCS) will consider acquisition of 83 more advanced Mk1A aircraft, said the...

Policy for manufacturing growth The Government is considering forming a National e-Commerce policy and a new Industrial Policy, Commerce and Industry Minister Piyush Goyal saidin a written reply in the Lok Sabha on 18 Mar 2020. The draft National e-commerce...

Industrial automation drives market The machine tool market in India is poised to grow by US$1.9 billion during 2020-2024, progressing at a CAGR of nearly 13%, according to Technavio. The market is driven by the rising industrial automation in India,...

UP Defence Corridor: Rs.50,00crore anticipated Over 200 partnerships involving Signing of Memorandum of Understanding (MoUs), Transfer of Technology (ToT) and Product launches were concluded during DefExpo 2020 to achieve Rs.35,000 crore defence exports target in the next 5 years. These...