Manufacturing

BRAHMOS supersonic cruise missile featuring Indian propulsion system, airframe, power supply and other major indigenous components, was successfully test fired on 30 Sept 2019 from ITR, Chandipur in Odisha.

The state-owned companies have been asked to submit their spending plans for the next four quarters, while ensuring that all overdue payments to vendors and contractors are cleared on 15 October 2019.

Saudi Arabia sees India as a potential high growth market and is looking to invest US$100 billion in petrochemicals, infrastructure and mining among others, considering the country’s growth potential.

The Government is making concerted efforts to modernise the Navy and equip it with the best platforms, weapons and sensors to deal with any conventional and unconventional threats to India’s maritime interests, said Defence Minister Rajnath Singh.

Government is deeply conscious of the requirements of the Armed Forces and remains committed in providing requisite focus and financial support for its modernisation, Defence Minister Rajnath Singh has assured.

Approval for Aramco being supplier to India   Ministry of Corporate Affairs’ Competition Commission of India has approved the acquisition of 70% shareholding in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company (Saudi Aramco), which supplies crude oil,...

Technology is needed for production, preservation and marketing of products, said Minister of State for Micro, Small and Medium Enterprises Pratap Chandra Saarangi.

The Government is undertaking measures to ramp up the domestic coal production from the current level of 730 MT to 1149 MT by 2023 thereby eliminating the coal import except for the limited un-substitutable import.

The Ministry of Micro, Small and Medium Enterprises is in talks with ADB, KfW and World Bank for their credit line as a cheaper capital for the MSMEs, boosting their contribution in the Gross Domestic Product.

The Government’s recent decision on reduce corporate tax rate has made India a more attractive destination for Foreign Direct Investment (FDI) and it should aim for the largest FDI share in the world, Communications Minister Ravi Shankar Prasad said on...