Manufacturing

The Remission of Duties or Taxes on Export Products (RoDTEP) scheme, packed up Rs.50,000 crore, will more than adequately incentivize exporters than the existing schemes put together, said Federation of Indian Export Organizations (FIEO).

India is cautious in its approach to the Regional Comprehensive Economic Partnership (RCEP) which would leads to massive exports from China on lowered tariffs while disadvantaging Chinese protectionist policies.

The Indian Plant Extract market is expected to grow at a CAGR of around 17% during 2018-2023 based on demand from wide range of medicinal and aromatic uses, according to an industry report.

The US-China Trade war, Brexit and developments in Iran have further aggravated the problem of the world economy, noted Sharad Kumar Saraf, President of the Federation of Indian Export Organizations.

Steel Minister Dharmendra Pradhan has discussed with CEOs of steel industry issues and bottlenecks concerning the sector and possible solutions.

India needs to work on its strengths by exploring market access for agriculture and pharma products in different regions to balance its trade surplus with US and deficit with China, Commerce and Industry Minister Piyush Goyal has said.

The Mahindra Group, a US$ 20.7 billion global federation of companies in the next few years, will double its investment in the United States from the US$1 billion it has already invested.

In a major boost for Indian Army, Defence Research and Development Organisation (DRDO) has flight tested indigenously developed low weight, fire and forget Man Portable Antitank Guided Missile (MPATGM) in the ranges of Kurnool, Andhra Pradesh.

L&T Technology Services Limited (LTTS) has been selected as a strategic partner by a European automotive manufacturer for its electric Powertrain (e-Powertrain) practice.

Greece, which is a member of the EU, Eurozone, and International Organizations, can become a European country-hub for Indian companies in key sectors such as technology, aerospace, pharmaceuticals, agricultural production and processing, energy, shipping, tourism, mining, food and culture.