Manufacturing

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...

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.