Manufacturing

The Government has taken various initiatives to enhance the competitiveness of Micro, Small and Medium Enterprises (MSMEs) through schemes such as Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS), Micro and Small Enterprises – Cluster Development Programme, Procurement and...

As part of the modernisation and expansion project, Steel Authority of India Limited (SAIL) has invested Rs.2,371 crore on a new Steel Melt Shop and enhance the capacity of Cold Rolling Mill at Salem Plant.

The cheaper Chinese imports would have got the advantage of preferential tariff and harmed the Indian Steel Industry, said Steel Minister Dharmendra Pradhan in parliament on 2 Dec 2019.

PHD Chamber of Commerce and Industry wants the government to focus more on the demand boosting measures particularly in the rural areas such as boosting the income of the farmers, promoting rural based industries and more handholding to the MSMEs.

Defence Minister Rajnath Singh and External Affairs Minister Dr. S. Jaishankar met Japanese Foreign Affairs Minister Motegi Toshimitsu, and Defence Minister Kono Taro on 30 November 2019 in New Delhi for the first India-Japan 2+2 Foreign and Defence Ministerial Meeting.

The Government is reviving five closed fertilizer plants -- Talcher, Ramagundam, Gorakhpur and Sindri plants of FCIL and Barauni plant of HFCL by setting up new Ammonia Urea plants of 12.7 Lakh metric tonne per annum capacity.

The Federation of Indian Chambers of Commerce and Industry is hoping for a better economic growth in the second half of current financial year though it was concerned about the second quarter growth of 4.5%.

General Electric’s Grid Solutions business has announced a new milestone in its Champa-Kurukshetra ultra-high-voltage direct current (UHVDC) project in India with the 1,305-km link now capable of transmitting 4,500 MW of electricity.

Indian Railways has entered into Procurement cum Maintenance Agreement with Madhepura Electric Locomotive Pvt Ltd (MELPL), a joint venture of Indian Railways and Alstom with Euro3.5 billion investment.

The Memorandum of Understanding (MoU), signed by BRICS Trade and Investment Promotion Agencies in Brasilia, provides a framework for forging collaboration and facilitating greater trade amongst member countries – Brazil, Russia, India, China and South Africa.