Manufacturing

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.

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.