Manufacturing

Food packaging and industrial films are driving demand of Carbon Black in India, with a projected CAGR of 5.82% during 2019-2030, according to ResearchAndMarkets’ report released on 8 Apr 2019.

India’s leading textile manufacturer and industrial group have come together to save one million PET bottles from environmentally-dangerous landfills by recycling into fabrics for sales through 1,500 sores across 700 cities in the country.

Demand for Styrene Butadiene Rubber (SBR) is projected to grow at a CAGR of 7.18% during 2019-2030 to reach 622,000 tonnes by 2030 from 2018’s 269,000 tonnes.

Punjab will set up a third mega food park at Phagwara, an investment of Rs.125 crore, reported Tribune News Service on 5 Apr 2019.

The World Bank estimates India will have a 7.5% economic growth for 2019, forecasting 7.5% each for 2020 and 2021, putting it at best than others' 7+%.

Sun Pharmaceutical Industries Ltd’s INFUGEM™ (gemcitabine in sodium chloride injection), for intravenous use, is now commercially available in the United States.

Citing weak fiscal scenario, global rating agency Fitch has retained India's sovereign rating at 'BBB-', the lowest investment grade, with stable outlook.

Taiwan’s Wistron is moving on with a US$105 million new manufacturing facility in the Karnataka state and has started assembling iPhone 7 from its Bengalore facility, adding to 6S model.

Suzuki Motorcycle India Private Limited (SMIPL) is launching model of motorcycle equipped with the updated gear shift design and improvised brake pedal in India.

The NITI Aayog and the Rocky Mountain Institute (RMI) have released a report on opportunities for the automobile sector and government under the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme.