Manufacturing

Maruti Suzuki has always re-defined the Indian auto industry with its revolutionary offerings, said its Managing Director and CEO Kenichi Ayukawa, who was reappointed on 28 Mar 2019.

State-owned Indian Oil Corporation (IOC) and Bharat PetroResources Ltd (BPRL) will invest US$170 million on exploring an oil block in Abu Dhabi.

A blockchain based coffee e-marketplace will help integrate the farmers with markets in a transparent manner and lead to realisation of fair price for the coffee producer.

The Indian automotive camera market is forecast to grow from US$30.34 million in 2018 to US$93.66 million by 2024, posting a CAGR of over 20% during the forecast period, on account of increasing road accidents.

Mitsubishi Elevator India Private Limited (IMEC) will launch the NEXIEZ-LITE MRL elevator, an Indian-produced model that does not require a machine room, on 1 April 2019.

The Indian solar power products market is projected to grow at a CAGR of more than 11% to surpass US$7.6 billion by 2024 on the back of increasingly stringent policy and regulatory framework and rising environmental concerns.

India can leapfrog and show the way when it comes to innovative AI applications by working with MSMEs and the eco-system as it is critical for the industrial and manufacturing adoption of such technologies.

Punjab has just entered the international race to woo investors for its industrialization programme for adding value to its agriculture-based economy.

India’s milk processing industry is expected to expand at a compound annual growth rate (CAGR) of ~14.8% between FY 2018 and FY 2023, reaching Rs.2,458.7 billion.

The bottled water market in India is expected to reach Rs.~403.06 billion by the end of 2023, from its current value of Rs.~160 billion, expanding at a compound annual growth rate (CAGR) of ~20.75% from 2018.