Manufacturing

The Special Economic Zones has received investment of Rs.521,631.44 crore as of 30 Sept 2019 since the concept was first passed by parliament in May 2005.

Three new problem statements have been launched recently to expand the startup network in the Aeronautics, Aerospace and Defence sector, State Minister for Defence Shripad Naik said in a written reply to parliament on 4 Dec 2019.

Bengaluru’s VuNet Systems, an AI Driven IT Operations(AIOps) platform start-up, has been recognized in the Gartner’s Market Guide for AIOps Platforms 2019.

Utah’s Co-Diagnostics, Inc. (Nasdaq: CODX) said its joint venture for manufacturing has obtained regulatory clearance for five tests to be manufactured and sold as in vitro diagnostics (IVDs) from their facility in Ranoli.

S&P Global Ratings has reaffirmed Sovereign Credit Rating of India at BBB- with Stable outlook, saying it expects Indian economy to continue to outperform its peers and that growth will remain strong over the next 2 years.

The government has planned exploration of 37 coal blocks and 10 lignite blocks along with drilling of 121 coal blocks and one lignite block in the current fiscal, Coal Minister Pralhad Joshi told Parliament on 2 Dec 2019.

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.