Manufacturing

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...

Armstrong commits to Indian market BAE Systems has taken a lead in India’s defence industry with 120 of M777 guns to be assembled, integrated and tested in partnership with the country’s leading group Mahindra Defence, Dave Armstrong, the Group Business...

Shift to high quality paints The Indian paint industry is expected to grow at a CAGR of around 12% during 2018-2019 to 2021-2022 in value terms, according to a report from ResearchAndMarkets. The industry has been witnessing a gradual shift...

Update on Defence requirements India’s major defence item exports have been Fast Patrol Vessels, Coastal Surveillance System (CSS), Light Weight Torpedoes, Do-228 Aircraft, Wheeled Infantry Carrier, Light Specialist Vehicle, Mine Protected Vehicle, Passive Night Sights, Battle Field Surveillance Radar Extended...

Lean manufacturing to boost growth The industrial automation and instrumentation market in India is poised to grow by US$2.58 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period, said a Technavio report on 3 Mar...

M N Dastur helped in steel growth In order to fully capitalize on the opportunities in the energy, environment and metals industries, M N Dastur & Co Pvt Ltd (Dastur), has elected Atanu Mukherjee as President & Chief Executive Officer...