Manufacturing

Sun Pharmaceutical Industries Ltd’s INFUGEM™ (gemcitabine in sodium chloride injection), for intravenous use, is now commercially available in the United States.

Citing weak fiscal scenario, global rating agency Fitch has retained India's sovereign rating at 'BBB-', the lowest investment grade, with stable outlook.

Taiwan’s Wistron is moving on with a US$105 million new manufacturing facility in the Karnataka state and has started assembling iPhone 7 from its Bengalore facility, adding to 6S model.

Suzuki Motorcycle India Private Limited (SMIPL) is launching model of motorcycle equipped with the updated gear shift design and improvised brake pedal in India.

The NITI Aayog and the Rocky Mountain Institute (RMI) have released a report on opportunities for the automobile sector and government under the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme.

The Indian Navy is developing advanced technologies and its immediate projects include development of alternative desalination technologies, installation of wireless MEMS based sensors for remote operation and Residual Life Assessment studies of Gas Turbine Generator blades to improve reliability.

The passenger vehicle market in India is likely to reach about five million units in FY 2023 from 3.3 million units in FY18, clocking a compounded annual growth rate (CAGR) 7.7%, according to a recent ASSOCHAM-Roland Berger joint study.

Madhya Pradesh has potential to double its share in country's exports in next five years, according to Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

The Federation of Indian Chambers of Commerce and Industry (FICCI) welcomes the 25 basis points cut in repo rate by the Reserve Bank of India on 4 April 2019.

Indian states and major cities will henceforth play a major role in industrialization of India and the race is on as each state is seeking investment independently.