Manufacturing

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...

Four Plastic parks in the States of Assam (Tinsukia), Madhya Pradesh (Raisen), Odisha (Jagatsinghpur) & Tamil Nadu (Thiruvallur) have been approved for implementation till 2019-20, Chemicals and Fertilizers Minister D.V. Sadananda Gowda told Parliament on 25 June 2019.

Santa Clara’s SoundHound Inc.®, the leading innovator in voice-enabled AI and conversational intelligence technologies, has announced a partnership with Hyundai Motor Group to bring the first voice-enabled, smart-connected SUV to the Indian market.

Hindustan Aeronautics Limited has adequate capacity to fulfil the existing orders and projects in hand, Defence Minister Rajnath Singh has told Rajya Sabha in a written reply on 24 June 2019.

The Government has signed 135 contracts of the 210 in the last four years, 2015-19, with Indian vendors including Defence Public Sector Undertakings/Public Sector Undertakings/Ordnance Factory Board and private vendors.

The Government is constantly taking various initiatives to boost investment in the economy, including economically backward area, Minister of Finance & Corporate Affairs, Nirmala Sitharaman in a written reply to Parliament on 24 June 2019.

A moderate outlook is seen for the manufacturing sector in Q-1 (April-June 2019-20), according to a survey by the Federation of Indian Chambers of Commerce and Industry (FICCI).

The demand for Polybutylene Terephthalate (PBT) resin in India is projected to grow at a CAGR of 9.71% during 2019-2030 to reach 109 thousand tonnes by 2030 from 27.20 thousand tonnes in 2018, said a ResearchAndMarkets report.

India may review some of the Free Trade Agreements (FTAs) and the Indian industry needs to be able to leverage them, Commerce and Industry Minister Piyush Goyal has disclosed.

Expanding agriculture sector coupled with strong growth in infrastructure development, rapid industrialization and rising urbanization are the key factors expected to push the demand for PVC at CAGR of 6.81% during 2019-2030.