Manufacturing

The Indian Lithium Ion Cell and Battery Market is expected to grow in the at a CAGR of 36.3% by 2023, driven by increased use of lithium ion battery in electric vehicles, said a ResearchAndMarkets report.

The electric vehicle charging infrastructure market in India is anticipated to grow at a CAGR of over 40% during 2019-2025, says a report by ResearchAndMarkets on 13 August 2019.

A US$10 million Pune factory is set to produce electric three-wheelers this month, first for the Indian market and then for exports to emerging economies globally.

Southfield's power management company Eaton has chosen global technology company KPIT of Pune to support the development of next-generation electrified mobility technologies for its eMobility business unit.

BP is expected to pay Rs.7,000 crore for a 49% stake in Reliance Industries Limited’s (RIL) petrol-retail business, forming a third joint venture since 2011.

Saudi Aramco is making India’s largest foreign investment of US$15 billion by taking a 20% stake in Reliance Industries Limited’s (RIL) Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses.

The Department of Atomic Energy (DAE) has held a two-day exhibition on DAE spin-off technologies for non-power applications at New Moti Bagh recreation club, New Delhi. The exhibition was held 11-12 August 2019.

India needs a technological breakthrough to make crop insurance scheme a success across the country, said Dr Ashish Kumar Bhutani, CEO, Pradhan Mantri Fasal Bima Yojana (PMFBY) and Joint Secretary (Credit) at Ministry of Agriculture and Farmers' Welfare.

S&P Global Ratings recently affirmed ‘B+’ rating on Tata Motors, removing it from CreditWatch believing that geopolitical risks such as Brexit and US tariffs could take longer than expected to play out.

The strong will and action of the Government to scrap Article 370 has paved a new era of growth both for the people of Jammu & Kashmir and Ladakh regions, said FIEO President Sharad Kumar Saraf.