Manufacturing

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.

The Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman approved defence equipment acquisition for about Rs.2,700 crores.

UK-based Cobham plans to introduce high end technology under the Make in India initiative for export-oriented long-term partnerships with Indian businesses.

CENTRiC, an Indian smartphone manufacturer, has officially launched its first pop-up selfie camera smartphone - CENTRiC S1 - at Mobile World Congress at Barcelona on 25 Feb 2019.

Indian pharma exports are expected to reach approximately US$19 billion in this FY 2018-19, accounting for more than 50% of the industry turnover.

Subcontractors work on Dassault-Rafale pact     The French Aerospace Industries Association, GIFAS, is leading its 400-member companies to set up businesses in India, following up on the recent success of a multi-billion dollar fighter jet Rafale contract. “We are...

The draft of National E-commerce Policy for Export Promotion is the Government’s most timely initiative but requires many improvements, said Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).