Manufacturing

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...

3D technology to boost growth India's machine tool market projected is driven by rising industrial automation and is projected to grow at a CAGR of 13% from 2020 to 2024, according to ResearchAndMarkets. In addition, adoption of 3D printing technology...

Focus on India in 2025 business plan Toyoda Gosei Co Ltd intends to develop a more flexible supply system in India that is not bound by product categories. Toyoda Gosei’s focus on Indian market as part of its medium and...

Lack of a packaging machinery The Indian e-commerce packaging market is expected to reach US$975.4 million by 2025, registering a CAGR of 13.8% during the period of 2020-2025. It was valued at US$451.4 million in 2019. Owing to the rising...