Manufacturing

The Indian compressor market is projected to attain a value of US$2.7 billion by 2024, growing at a 7% CAGR during 2019-2024, on demand from automobile sector, according to an industry report.

A draft National electronic Commerce (e-commerce) policy has been prepared and placed in public domain, which addresses six broad issues of the e-commerce ecosystem, Commerce and Industry Minister Piyush Goyal said in a written reply to Rajya Sabha on 26...

India’s investments in artificial intelligence is expected to expand at a CAGR of 33.49% during the 2018-2023 period. In 2017, the investment was Rs.773.64 billion, according to a ResearchAndMarkets report.

Admiral Karambir Singh, Chief of the Naval Staff, Indian Navy, said that there is enough headroom in mercantile marine sector for India to attain the critical mass and become a hub for defence shipbuilding.

Twenty-seven focus sectors have been identified to showcase India’s advances in space, pharmaceuticals, information technology, renewable energy and telecom sectors and also India’s strength in innovation and start-ups at the Dubai World Expo 2020.

Exclusive Pavilions on AI, IoT, Robotics, Startups, Components and Parts will be showcased at the 10th edition of EXCON, South Asia’s largest construction equipment trade fair to be held in Bengaluru 10-14 December 2019.

The Indian electric bus market is predicted to witness a sale of 7,187 units by 2025, progressing at a 53% CAGR during the 2019-2025 period, according to ResearchAndMarkets’ latest report.

Foreign Original Equipment Manufacturers (OEMs) are now not required to indicate the details of Indian Offset Partners (IOPs) and products at the time of signing of contracts, Rajya Sabha was told on 22 July 2019.

A Singapore subsidiary of TVS Motor Company Limited has signed definitive agreements to invest US$7 million in Delaware’s Scienaptic Systems Inc.

The government is taking necessary steps to further reduce the licencing time for exporting sensitive and dual-use Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) from India.