Manufacturing

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.

The impact of US terminating Generalised System of Preferences (GSP) Scheme will vary across Indian products depending on the individual product concessions.

Purified terephthalic acid (PTA) demand in India is projected to grow at a CAGR of 3.44% during 2019-2030 to reach 9,023 thousand tonnes by 2030 from 6,179 thousand tonnes in 2018, according to ResearchAndMarkets report.

Circular Economy has the potential to create lakhs of entrepreneurs and generate 1.4 crore jobs in next 5-7 years, said Amitabh Kant, CEO of NITI Aayog.

Circular Economy is not only to safeguard future generation but also offers huge opportunities for the present generation, according to Prof. Ashutosh Sharma, Secretary, Department of Science and Technology.