Manufacturing

The Indian Air Force is in the process of acquiring about 200 aircraft out of which expression of interest has been floated for 110.

The Government has planned Rs.102 lakh crore National Infrastructure Pipeline such as inland waterways, shipping, and an industrial steel hub supporting projects.

The Indian ayurvedic products market is expected to grow at a CAGR of 14% during 2019-2024, said a report from ResearchAndMarkets on 9 Jan 2020.

The government has to infuse capital in the economy in a systematic way, given that the advance GDP estimates are projecting 5% GDP growth in FY20.

Sectors like Tourism, Urban Development, Infrastructure and Agri based Industry have a great potential to taking forward the Indian economy and create jobs, Prime Minister Narendra Modi told various senior Economists, Private Equity/Venture Capitalists and Business Leaders.

As part of its ongoing effort to establish a global development network, Rubicon Research Private Limited is planning new projects with new acquisition Impopharma Canada Limited.

California-based Aragen Bioscience and Serum Institute of India Pvt Ltd are collaborating for the development of multiple stable cell lines to support Serum’s HIV program.

India will have to raise its labour productivity growth to 6.3% to achieve 8.0% GDP growth, says India Ratings and Research (Fitch Group). The labour productivity growth in FY19 was 5.2%.

The Micro Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and ability to adapt fast to market change, said Commerce and Industry Minister, Piyush Goyal.

PHD Chamber of Commerce and Industry appreciates the government’s decision to review all existing Foreign Trade Agreements with its various FTA partner countries and groups, as India had very limited benefits from these pacts.