Manufacturing

Tripura Industrial Development Corporation (TIDC) Ltd is setting up a Special Economic Zone (SEZ) for the Agro-based food processing industry, at an estimated cost of Rs.1,550 crore.

Defence Research & Development Organisation (DRDO), Indian Air Force (IAF) and BrahMos have jointly conducted two BrahMos supersonic cruise missiles tests on 17 Dec 2019, one each from land and air platforms.

Steel Minister Dharmendra Pradhan wants to make the steel sector more efficient and globally competitive and backed it with assurance that the Government will facilitate in the growth process.

The Confederation of Indian Industry (CII) has identified 18 developing economies that hold the promise of sustained growth over the coming few decades based on current GDP levels and population indicators and offer opportunities for Indian exporters.

The Government is stepping up engagement with EU, US, and UK to secure markets for Indian exports even as it withdrew from the Regional Comprehensive Economic Partnership, Commerce and Industry Minister Piyush Goyal has assured delegates at Export Summit 2019.

As one of the leading importers of defense equipment and facing war threats from China and Pakistan on its borders, India’s defence expenditure is projected to increase to US$104 billion in 2024 from US$68.4 billion in 2020.

The Coal Ministry has decided to establish a ‘Sustainable Development Cell’ (SDC) to promote environmentally sustainable mining in the country and address environmental concerns during the decommissioning or closure of mines.

The Coal Ministry has allotted two Coking Coal mines, Rohne and Rabodih, in Jharkhand to the Steel Central Public Sector Enterprises (CPSE’s).

Indian oil marketing companies have guaranteed buying energy from the 5,000 compressed biogas plants (CBG) being built across the country, Petroleum and Natural Gas Minister Dharmendra Pradhan has assured.

The Government is planning to invest around Rs.100 lakhs crore in logistics infrastructure in the next 5 years, Minister of State for Commerce and Industry Som Parkash said.