Manufacturing

In a bid to check with weakening economic growth, Finance Minister Nirmala Sitharaman announced on 23 Aug 2019 withdrawal of enhanced surcharge on Foreign Portfolio Investments (FPIs), Goods and Services Tax (GST), Non-Banking Finance Companies (NBFCs), Automobile and property sectors.

The Central Board of Direct Taxes (CBDT) has clarified that small start-ups with turnover up to Rs.25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961, which provides deduction...

India is open to provide all kinds of technical support in the housing sector to Kenya under the Memorandum of Understanding signed by the two countries in July 2016.

The private industry has been urged to take advantage of the Government’s policy initiatives and engage with defence services, Defence Public Sector Undertakings (DPSUs) and Ordnance Factory Board (OFB) for meeting the army’s indigenisation demands.

Mahindra & Mahindra Ltd has rolled out the 15th lakh unit of its Bolero Pick-up range from its Kandivali plant in Mumbai, maintaining its leading position in the market for over 20 years.

With the 5T initiative devised by the Odisha Government, where transformation goals will be achieved through teamwork, transparency and technology enablers in a time-bound manner, industrialization is at its peak.

Lithuania could be an important technology partner for India, especially in areas such as lasers, renewable energy, agro-food processing and life sciences, said the Vice President, M Venkaiah Naidu.

The Indian Government is considering corporatizing the Ordnance Factory Board (OFB) as a 100% owned unit and put on par with Defence Public Sector Undertakings (DPSUs).

The Indian agricultural machinery market is expected to expand at a compound annual growth rate (CAGR) of ~6.40% from 2018 to 2023, according to a ResearchAndMarkets report.

London-based Hunting Energy Services will share patented Premium Connections technology with Jindal SAW Ltd of New Delhi to manufacture seamless casing and tubing for the Indian market.