Manufacturing

Esterline Corporation, a global leader in defense and aerospace technologies, is displaying its latest Korry and Mason products at Aero India 2019 in Bengalore.

The Cabinet has approved on 13 Feb 2019 the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs.2,900 crore for the Micro, Small and Medium Enterprises (MSMEs).

India is set to get investments from Saudi Arabia in its massive infrastructure development programme following approval by the Cabinet Committee on Economic Affairs on 13 Feb 2019.

India industrial lubricant market is projected to grow to US$1.67 billion by 2023 on the back of strong growth in construction and mining sectors across the country, according to a latest report from the ResearchAndMarkets.

Hyderabad-based Zoom Technologies (ZT) has chosen Guangzhou’s CADbro to accelerate their customized mold production.

Skechers U.S.A., Inc. (NYSE: SKX), a global leader in the footwear industry, has purchased the minority share of its Indian joint venture, transitioning the business to a new wholly-owned subsidiary for gaining market share in India.

India has signed a big contract to acquire for 72,400 assault rifles for about Rs.700 crore, reported Press Trust of India on 12 Feb 2019, citing Defence Ministry officials.

The Indian Government is trying to encourage private and state-owned mills to go for overseas asset acquisitions for raw material as a supply security, said Minister of State for Steel, Vishnu Deo Sai.

The Defence Ministry is shortlisting potential Indian Strategic Partners and foreign Original Equipment Manufacturers (OEMs) for the ‘Procurement of 111 Naval Utility Helicopters (NUH) for the Indian Navy.

The Micro, Small and Medium Enterprises (MSME) sector exported US$147.39 billion in 2017-18, Minister of State for MSME, Giriraj Singh has told Lok Sabha on 11 Feb 2019.