Manufacturing

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.

In a historic initiative taken by Khadi and Village Industries Commission (KVIC), a first Silk Processing Plant was inaugurated on 3 Jan 2020 at Surendranagar in Gujarat which would help cut down the cost of production of silk yarn drastically...

To give a further push to clean mobility in Road Transport Sector, the Department of Heavy Industries has sanctioned 2,636 charging stations in 62 cities across 24 States/UTs under FAME India (Faster Adoption and Manufacturing of Electric Vehicles in India)...

India’s exports and imports are expected to decline to US$332-$337 billion and US$493-498 billion in FY2020 from US$337.2 billion and US$517 billion, respectively in FY2019, says ICRA, a Moody’s Investors Service Company, in its latest report on Indian economy.

A final set of rules is expected this year on how e-pharmacies should be properly regulated, according to Nishith Desai Associates (NDA) which reviewed the industry in 2019.

The India-Mauritius Comprehensive Economic Cooperation (CECPA) is near finalization as negotiations for trade in goods and trade in services have been completed, said the Commerce and Industry Ministry on 1 Jan 2020.

India needs to spend about US$1.4 trillion (Rs.100 lakh crore) on infrastructure through to 2025, said Finance Minister Nirmala Sitharaman at the release of a Report of the Task Force on National Infrastructure Pipeline for 2019-2025.