Manufacturing

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...

Marketing led by leading brands Edible oil market in India is projected to grow to US$35.2 billion by 2025 from around $21.5 billion in 2019 due to increasing disposable income and rising consumer awareness about healthy lifestyle & wellness. Moreover,...

Promoted: investment in textile machinery The Government is implementing Amended Technology Upgradation Fund Scheme (ATUFS), a credit linked Capital Investment Subsidy (CIS) scheme during 2016 to 2022 with an outlay of Rs.17,822 crore to catalyze capital investments for technology upgradation...

Investment discussions held AGRESTAL, an organic export-oriented company from Himachal Pradesh, plans is to setup a silk processing centre in Assam in partnership with the Indian Government. It aims for the Government partnership funding and collaboration for production and export...

Projects driven by smart cities development The Indian composites market is expected to reach an estimated US$2 billion by 2021 with a CAGR forecast of 14.1% by value from 2016 to 2021, said a ResearchAndMarkets report on 11 Mar 2020....

Proposed: mine plough manufacturing Pearson Engineering from the United Kingdom is bullish around its prospects in India having successfully completed delivery of 41 surface mine clearance systems (SMCS). The company is also confident of receiving a repeat order alongside its...

LCA showcased in exhibitions Hindustan Aeronautics Limited (HAL) has responded to Request for Information (RFI) from overseas for supply of the Light Combat Aircraft (LCA) – Tejas, parliament was told on 11 Mar 2020. But a formal Request for Quotation...