Manufacturing

Fitch Ratings has forecast India’s GDP growth at 6.9% for the current fiscal year ended Mar 2019, down from 7.2% previous projection, but sees the economy holding well in the years ahead.

The Indian ceramic tiles market is expected to reach Rs.501.7 billion by the end of 2023, expanding at a compound annual growth rate (CAGR) of 13%.

Over 500 projects are being discussed between Indian and African entities and India could extend its expertise to build strong logistics linkages in Africa, said Anup Wadhawan, Secretary, Ministry of Commerce & Industry.

The India Diesel Genset market is projected to grow at a CAGR of 5.6% during 2019-2025, according to a report by ResearchAndMarkets.

The President of India, Ram Nath Kovind said it is important to ensure that a creative idea gets the support it needs for its maturing, diffusion and delivery on the ground.

Apollo Micro Systems (AMS) has signed an agreement with P2M Aviation Sagl of Switzerland to market Speed Canard Aircraft across the world under the name “JetAyuh”.

India is projected to achieve a record US$325-330 billion exports in 2018-19, with engineering sector being the major contributor amidst global challenges such as protectionist measures some countries, Commerce Secretary Anup Wadhawan said on 14 Mar 2019 in Chennai.

The India clinical trials market size is expected to reach US$3.15 billion by 2025, registering an estimated CAGR of 8.7% over the forecast period, ResearchAndMarkets.com reported on 13 Mar 2019.

HitGen Ltd and Sun Pharma Advanced Research Company Ltd have announced a research collaboration to identify novel small molecule leads for targets of interest.

Gardner Aerospace wants to double production of commercial aircraft components to 90,000 pieces a month by 2023, in response to strong demand from the global aviation industry, said Dominic Cartwright, Vice President for Business Development for the EMEA markets.