Manufacturing

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.

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”.