Manufacturing

The growth of construction equipment sector has been hit by the liquidity crisis created by Non-Banking Finance Companies (NBFCs) with growth halved to 10%, Indian Construction Equipment Manufacturers' Association president Arvind Garg said on 3 Feb 2019 in Kolkatta.

The Interim Budget, announced on 1 Feb 2019, addresses both the current challenges faced by the economy and outlines the vision for the future, said Sandip Somany, President of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Wipro Limited has launched its Next-Gen ATSC 3.0 solution for Pay TV service providers, original equipment manufacturers (OEMs), original design manufacturers (ODMs), smart TV manufacturers and semiconductor companies based in North America.

Argon Electronics (UK) Ltd wants to share with the Indian defence sector its specialist training equipment for chemical and biological.

Gradiant Corporation, a leader in innovative solutions for industrial wastewater treatment, has secured four Zero Liquid Discharge (ZLD) projects in India.

Over 95 Energy Ministers are expected at PETROTECH-2019, the 13 International Oil & Gas Conference & Exhibition, being organised under the aegis of the Ministry of Petroleum & Natural Gas, on 10-12 February 2019.

The Defence Acquisition Council (DAC) has approved indigenous construction of six submarines for the Indian Navy at a cost of over Rs. 40,000 crores.

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.