Manufacturing

The India clinical trials market size is expected to reach US$3.15 billion by 2025, registering an estimated CAGR of 8.7% over the forecast period, ResearchAndMarkets.com reported on 13 Mar 2019.

HitGen Ltd and Sun Pharma Advanced Research Company Ltd have announced a research collaboration to identify novel small molecule leads for targets of interest.

Gardner Aerospace wants to double production of commercial aircraft components to 90,000 pieces a month by 2023, in response to strong demand from the global aviation industry, said Dominic Cartwright, Vice President for Business Development for the EMEA markets.

Global technology and engineering company Emerson (NYSE: EMR) has signed multiple contracts totaling US$12 million with India’s largest commercial oil company, Indian Oil Corporation Limited, to modernize operations and emissions programs at the company’s refineries.

Prime Minister Narendra Modi, and Bangladesh Prime Minister Sheikh Hasina, have jointly unveiled e-plaques for development projects in Bangladesh, through video conference on 11 Mar 2019.

The Indian and Saudi Ministers have reviewed various Saudi investment proposals in the Indian oil and gas sector, including the urgent steps to be taken to expedite the implementation of a US$44 billion refinery and petrochemical complex.

The Federation of Indian Export Organizations (FIEO) expects marginal impact on exports when the US withdraws Generalized System of Preferences (GSP)  benefits.

The Prime Minister, Narendra Modi, has launched various development projects and flagged off the Noida City Centre – Noida Electronic City section of Metro through video link.

The Indian Register of Shipping (IRClass) has won an order for providing classification services for a series of eight Anti-Submarine Warfare Corvettes to be built for the Indian Navy.

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.