Manufacturing

Ministry of Steel has issued the Steel Scrap Recycling Policy on 8 Nov 2019 to promote circular economy in the steel sector.

The Indian stearic acid market is projected to reach nearly US$344 million by 2024, exhibiting a CAGR of 8.6%. It was valued at around US$216 million in 2018.

The Cabinet has approved the signing of the Protocol amending the Convention between India and Brazil for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

Global energy system is transforming at an unprecedented pace and India, too, is in the midst of a major transformative shift in its energy sector, said Petroleum and Natural Gas Minister Dharmendra Pradhan.

Steel consumption in India is set for a quantum jump, Steel Minister Dharmendra Pradhan said at the ‘Chromium 2019’ organized by International Chromium Development Association (ICDA) in Delhi on 6 Nov 2019.

Defence Minister Rajnath Singh has called upon the Russian Defence Industry to jointly manufacture defence platforms and equipment with India that will give a massive boost to the nations’ exports to third countries.

The Indian Electric Bus Market is projected to grow at a CAGR of 37.6% during the forecast period of 2017-2024 from around US$47.35 million in 2018.

Duty free imports from China, which has economy of scale, and sitting on huge inventory and capacity, could have jolted the manufacturing beyond recovery and thus crippling exports, said FIEO President Sharad Kumar Saraf in welcoming the government’s decision on...

Commerce and Industry Minister Piyush Goyal assured that India will never finalize any trade agreement in a hurry, keeping upfront the interest of economy and national priorities.

DefExpo 2020 will provide countries with the opportunity to showcase their equipment and platforms and help them explore the strengths and capabilities of India’s defence industry.