Manufacturing

The Indian plastics processing market continues to be a key geographical area of focus for Milacron’s brands both for sales and manufacturing capabilities, said the Cincinnati-based company.

Finance and Corporate Affairs Minister Arun Jaitley has assured business community that the Government is committed to facilitate trade and industry in the country so that the momentum of the growth continues to move-up.

The Federation of Indian Export Organisations (FIEO) and eBay has formed a partnership to promote retail exports via eCommerce from India to the latter’s 179 million buyers worldwide.

The Indian button cell market is projected to cross US$88 million in 2024 from more than US$59 million, posting a CAGR of over 7% during 2019-2024, owing to growing government initiatives and increasing demand from Tier-II and Tier-III cities.

India is a priority partner for the United Kingdom to develop next generation aircraft technologies with. The UK is already developing powerful radars, advanced engines and avionics systems, for future combat air systems due for operations from the mid-2030s.

South Korea’s Baekkun Dredging Co Ltd, having developed an eco-friendly amphibious dredger, is accelerating export expansions in the Asian markets including India.

Mahindra Electric took 4 years for its electric cars to complete the first 50 million eKms and now the second 50 million eKms milestone is achieved in less than two years.

The Indian electric car market is projected to reach US$707.4 million by 2025, predominantly driven by the government schemes, growing environmental concerns, and falling battery prices, said a research report on 27 Feb 2019.

Drones offer a Greenfield opportunity for the aviation sector the growth of which can carry along many other sectors to spur up the Gross Domestic Product (GDP), Civil Aviation Minister Suresh Prabhu has said.

Italian companies are keen to invest in India in areas like financial services, renewable energy, infrastructure, transport development in railways, construction and the auto motive sectors.