Manufacturing

India has adopted “closed fuel cycle”, where spent nuclear fuel is regarded as a material of resource, Minister of State for Atomic Energy and Space, Dr Jitendra Singh has told Rajya Sabha on 27 June 2019.

Micro Small and Medium Enterprises (MSME) Minister Nitin Gadkari wants to raise the MSME sector’s contribution to GDP to 50% from the present 29% and employment for at least 15 crore people, up from 11.1 crore at present.

Commerce and Industry & Railways Minister Piyush Goyal has reviewed the draft National Logistics Policy and has stressed on the need to bring down the logistics cost to less than 10% of the GDP by 2022 from the current 14%...

The Indian air purifier market is projected to grow at a CAGR of over 28% during 2019-2024 to reach over US$220 million by 2024, on the back of rising expenditure on health and wellness products along with growing awareness regarding...

The Indian diabetes market is expected to grow at a CAGR of 16.7% during 2019-2024, having reached US$1,954 million in 2018.

Indian Railways (IR) has plans to set up 500 Mega Watt (MW) of Land based Solar plants, including those on its unused land, Railway Minister Piyush Goyal said in a written reply to a question in Lok Sabha (Parliament) on...

India’s Defence Budget has increased year on year for replacement of ageing and obsolete defence equipment, Minister of State for Defence Jayadev Galla said in a written reply to Lok Sabha on 26 June 2019.

The Public Sector Units (PSUs) in the defence industry have been given a target to achieve 25% of their turnover through exports by 2022-23, Defence Minister Rajnath Singh told Rajya Sabha on 26 June 2019.

Commerce and Industry Minister Piyush Goyal has directed Department for Promotion of Industry and Internal Trade (DPIIT) to immediately form a committee to hear grievances and provide necessary clarifications on issues related to FDI in e-Commerce.

Deregulated interest rate on advances     The Government and Reserve Bank of India (RBI) have advice Scheduled Commercial Banks (SCBs) have taken several steps to ensure access of credit to Micro, Small and Medium Enterprises (MSMEs). This follows several...