Manufacturing

The ambitious US$500 billion bilateral trade target is achievable but needs reforms on both sides, believes Confederation of Indian Industry (CII).

Tamil Nadu Chief Minister K. Palaniswami has assured Hyundai Motor India Ltd (HMIL) of consideration of tax incentives for a proposed Rs,7,000 crore expansion plan in the state.

India’s food retail market is expected to touch US$827 billion by 2023, up from US$487 billion in 2017, growing at a compound annual growth rate (CAGR) of 9.23%, with recent reforms making the sector more competitive and market oriented.

Twenty-five Indian companies from food and agricultural products sector, exporting rice, tea, spices and dry fruits, will be meeting the major importers in Saudi Arabia during a Food and Agro Buyer-Seller Meet (BSM) on 11 Nov 2018.

Steel Ministry’s efforts have resulted in iron and steel orders worth Rs.8,129 crore with local mills from June 2017 to October 2018, reducing imports.

L&T Technology Services has been rated as a Leader in 6 market categories across 3 industries for the German market in the inaugural edition of Provider Lens™ survey by Information Services Group (ISG).

The GSMA has expanded its regional office in New Delhi, citing that India will be a major driver of mobile industry growth in the Asia Pacific region and globally and is set to reach nearly 920 million subscribers in 2025

Canada’s Jamieson Wellness Inc has signed a five-year partnership agreement with MedPlus to distribute its branded products in India such as vitamins, minerals and supplements.

Energy Vault has announced an agreement with The Tata Power Company to deploy an initial 35 MWh Energy Vault system with installation expected in 2019.

Tesla Inc, the US-based electric car major, will make a complete foray in the Indian market by 2020, starting a phase establishing from 2019, its CEO Elon Musk has confirmed through a tweet.