Manufacturing

Global technology and engineering company Emerson (NYSE: EMR) has signed multiple contracts totaling US$12 million with India’s largest commercial oil company, Indian Oil Corporation Limited, to modernize operations and emissions programs at the company’s refineries.

Prime Minister Narendra Modi, and Bangladesh Prime Minister Sheikh Hasina, have jointly unveiled e-plaques for development projects in Bangladesh, through video conference on 11 Mar 2019.

The Indian and Saudi Ministers have reviewed various Saudi investment proposals in the Indian oil and gas sector, including the urgent steps to be taken to expedite the implementation of a US$44 billion refinery and petrochemical complex.

The Federation of Indian Export Organizations (FIEO) expects marginal impact on exports when the US withdraws Generalized System of Preferences (GSP)  benefits.

The Prime Minister, Narendra Modi, has launched various development projects and flagged off the Noida City Centre – Noida Electronic City section of Metro through video link.

The Indian Register of Shipping (IRClass) has won an order for providing classification services for a series of eight Anti-Submarine Warfare Corvettes to be built for the Indian Navy.

India has the option to negotiate with Washington issues related to Generalised System of Preferences (GSP) though the impact would be modest of withdrawing the concession given to Indian exports.

India's goods exports will peak US$330 billiion in 2018-19, supported by focused export promotion initiatives, sector-specific interventions and quick resolution of issues.

The US-origin global group, NCH Asia, said Pune-based Thermax has adopted its NC 123 Plus, the moisture displacing solution as a cost-effective quality maintenance solution for its HRSG (Heat Recovery steam generators).

The India Human Capital Market (HCM) in Small and Medium-Sized Business (SBM) sector is set to grow to US$214 million by 2023 from 2018’s US$133 million, posting a CAGR of 12.5% during the forecast period.