Manufacturing

The 'Digital India' programme, politics-neutral, centre-state-neutral and ideology-neutral, had resulted in large-scale technology adoption, leading India to be a trillion-dollar digital economy in the next two to three years.

A critical driver for higher growth was competitiveness and the proposed new industrial policy aims to achieve this objective for India, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

A World Bank loan of US$200 million is supporting the Ministry of Micro, Small and Medium Enterprises' Rs.2,200 crore implementation of Technology Centre Systems Programme (TCSP) for over 63 million MSMEs in the country.

Finance Minister Arun Jaitley is confident that if the current growth rate is maintained and if India’s global position is retained, the economy will be able to get out of the range of 7-8% growth.

Capital expenditure is likely to slow down due to economic uncertainties in India which goes into an unpredictable General Elections by May next year.

UK telecom group BT and Indian Institute of Science (IISC) has launched a collaborative research centre in Bangalore to generate insight into emerging technologies and develop new generations of products and services.

Wipro Limited is deepening relationships with Detroit automotive community, developing and showcasing next-generation technologies and solutions for Original Equipment Manufacturers (OEMs), tier I suppliers, insurers, technology companies and others.

A government-appointed committee has recommended high speed multi modal connectivity, business services and utility infrastructure in re-designing Special Economic Zones (SEZs).

The Government promotes ecosystem for development of Micro, Small and Medium Enterprises (MSMEs) through various programmes and schemes, Rajya Sabha was told on 12 Dec 2018

The Commerce and Industry Ministry is creating an action-oriented plan which will highlight specific sector level interventions to bolster India’s march towards becoming a US$5 trillion economy before 2025.