Manufacturing

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.

A leading Indian plastics manufacturer, Lohia Group, is bringing high-end Israel technology in a manufacturing plant in the Uttar Pradesh Defence Corridor.

Hindustan Aeronautics Ltd (HAL) plans to deliver four Initial Operational Clearance (IOC) standard aircraft (fighters) by March 2019, Minister of State for Defence Dr. Subhash Bhamre said in a written reply to Rajya Sabha on 11 Feb 2019.

The Cremica Mega Food Park Pvt Ltd, an investment of Rs.107.34 crore, will leverage an additional investment of about Rs.250 crores in 25-30 food processing units, said Minister for Food Processing Industries Harsimrat Kaur Badal.

A Memorandum of Understanding (MoU) between Engineers India Ltd and the Government of Mongolia through Mongol Refinery State Owned LLC was signed on 10 Feb 2019 on the sidelines of PETROTECH-2019.

India’s pasta market is projected to grow at a CAGR of around 17% to reach US$453 million by 2024 on account of increasing awareness about health benefits of pasta as it is made of semolina durum wheat and not from...

Minister for Food Processing Industries Harsimrat Kaur Badal has laid foundation stone for Nandvan Mega Food Park Private Limited located at Badawal on Chhata-Barsana road in Mathura, Uttar Pradesh.