Manufacturing

The Steel Authority of India Limited (SAIL) has modernized and expanded capacity to 21.4 million ton per annum of crude steel from 12.8 Mtpa, Minister of State for Steel, Vishnu Deo Sai, said in a written reply in the Rajya...

Celanese Corporation said the acquisition of Next Polymers Ltd expands its global manufacturing footprint with a world-class domestic compounding facility and 10 production lines.

Sixty-seven contracts, worth about Rs.165,590 crore, have been signed with foreign vendors for capital procurement of defence equipment for Armed Forces during the last three years as of October 2018.

Hero MotoCorp, which sold a record eight million two-wheelers to meet the common man transportation need in the Indian market last year, wants Goods and Services Tax reduced to 18% from the luxury slab of 28%.

The Regional Comprehensive Economic Partnership (RCEP) would facilitate India’s Micro, Small and Medium Enterprises (MSMEs) to effectively integrate into the regional value and supply chains.

The Government is pursuing initiatives to achieve higher levels of indigenization and self-reliance in the defence sector by harnessing the capabilities of the public and private sector industries in the country.

The Kerala Government’s Defence Park at Pallakad is 58% in progress with Rs.35 crore grant released by the Central Government for the total cost of Rs.191 crore. Originally it was estimated to cost Rs.131.35 crore.

An Export Promotion Cell has been established to create a sustainable ecosystem for entire Ministry of Micro, Small and Medium Enterprises (MSMEs) which has product output of US$147.39 billion with 48.56% exported in 2017-18.

Chennai Metro Rail Ltd Request for Proposal-Preparation of Feasibility Study Report for Chennai Metro Corridor 1 Extension from Chennai Airport to Kilambakkam Bus Terminus.

The Confederation of Indian Industry sees 2019 economic growth at 7.5%, citing better demand conditions, growing investments in infrastructure and critical spending on General Elections which must be held by coming May.