Manufacturing

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.

The Indian chemicals and petrochemicals sector is expected to grow at a CAGR of 9.3%, from US$163 billion to US$304 billion market by 2025, said D.V. Sadananda Gowda, Minister of Chemicals and Fertilizers.

The infinite potential of the MSMEs/start-ups for future growth of the defence sector in India has recognition, Minister of State for Defence Shripad Naik said.

The Government seeks to enhance strategic cooperation and develop synergies to strengthen multilateral relationships between all stake holders, tap the potential for services exports and increase FDI inflow through the 5th edition of GES 2019 to be held 26-28 November...

The future of Indian economy is digital, and the country’s digital economy is nearing the critical mass needed for rapid transformation.