Manufacturing

Kyrgyzstan and India are considering establishment of joint financing mechanisms to accelerate two-way investment and trade in a wide range of areas including energy, IT, mining, textiles, education, medical and pharmaceutical sectors.

Efforts are being made in reducing the product delivery cycle for exports/imports, said Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

The Indian Government has signed a contract for construction of two ships with Goa Shipyard Ltd, with scheduled delivery in June 2026 and December 2026, respectively.

L&T Technology Services (LTTS) has consolidated its status as a ‘Leader’ in the Zinnov Zones 2018 report across 10 business verticals for the third year in a row.

Vedanta Resources Ltd has committed another Rs.60,000 crore investment in India in the next three years and Rs.8,500 crore to expand its mining and allied operations in South Africa.

The Indian solar power market is expected to post more than 38% CAGR during 2019-2023, according to a research report which sees India importing cheaper solar panels from China.

Tata Steel has signed an agreement to sell 70% stakes each in its two steel mills in Singapore and Thailand for US$480 million as a strategic to exist non-core markets and focus on fast growing demand in the home market.

With an increasing number of new car manufacturing announced in India, the automotive industry will remain the main driver of the increasing number of robot installations.

Maruti Suzuki India Limited (MSIL) has signed a Memorandum of Agreement (MoA) with Haryana Government to set up Japan-India Institute for Manufacturing (JIM), a model ITI at Uncha Majra village in Gurugram district.

The technical textile sector, one of the fastest growing segments of the Indian Economy, is set for a double-digit growth in the coming years and a market size of Rs.2 lakh crore by 2020-21.