Manufacturing

India has called on more countries to join the International Solar Alliance (ISA) to reduce dependence on fossil fuels to meet the growing energy requirement.

Project management, engineering, manufacturing and construction firm Nuberg EPC has signed a contract for the expansion of existing 45 TPD chlor-alkali plant and Greenfield calcium chloride plant project of Oman Chlorine in Sohar, Oman.

Forty-five different systems and equipment worth over Rs.118,882.6 crore designed and developed by Defence Research and Development Organisation (DRDO) have been approved for induction into the Armed Forces during the last five years.

A Saudi Aramco unit has signed a Memorandum of Understanding in India which will provide opportunities for Indian MSMEs to be global vendors .

Minneapolis startup 75F is venturing into China, Indonesia, Singapore and Vietnam, an estimated US$2 billion a year combined market for its building control and energy efficiency product in commercial buildings.

The Indian agriculture-technology is growing at a rate of 25% year on year and the start-up ecosystem is playing a critical role, bringing innovation and disruption in much-needed areas.

The Confederation of Indian Industry (CII) has shared Pre-Budget Memorandum recommendations focusing on providing impetus to Consumption and Investment with Ajay Bhushan Pandey, Finance Ministry’s Revenue Secretary.

The government is committed to promoting the use of additional farm machinery in the coming years to achieve improvement in awareness about diverse utilization of mechanization and credit support so that access to latest technologies is not a constraint.

A Consultative Committee of Parliamentarians were briefed about the high importance accorded by the Government to gas-based economy and Biofuels, setting the pace for them to deliberate on the two topics.

The Indian industries have been surprised by the Reserve Bank of India’s decision not to further cut repo rate at its MPC meeting on 5 Dec 2019, many pointing out the weakening economy.