Manufacturing

Bharat Electronics’ LICEWS order cleared Ministry of Defence has approved the procurement of P-8I Training Solution and Low Intensity Conflict Electronic Warfare System (LICEWS). Costing Rs.2419.32 crore, these contract proposals were approved by Defence Minister Nirmala Sitharaman. The P-8I Training...

Govt approves Rs.1,381 crore facility upgrade   The government has approved an investment of Rs.1,381.04 Crores for fast track production of Light Combat Aircraft (LCA) to 16 from eight at Hindustan Aeronautics Ltd (HAL). In the meantime, HAL has already...

BEML divestment deferred   The government has given Budget Estimate (BE) for disinvestment during the year 2017-18 as Rs.72,500 crore. This comprised Rs.46,500 Crore from disinvestment of Central Public Sector Enterprises (CPSEs) and Rs.15,000 Crore from Strategic Disinvestment as well...

Technology proposals not seen in FDI beyond 49% Picture of Tata's defence system. The Indian Defence Sector has not received any foreign technology development proposal since June 2016 when foreign direct investment was revised for international participation. Since the revision...

ASSOCHAM suggests govt-PPP food strategy PM Modi (file picture) inspects a processing plant. Source: Ministry of Food Processing Industries. With India and its agriculture and food processing sectors facing grave nutritional challenges, an ASSOCHAM-EY joint report has suggested the Government...

Handholding for 100 SMEs Taking a determined step towards an agenda on Affirmative Action, Federation of Indian Chambers of Commerce and Industry (FICCI) has signed an MoU with Center for the Study of Caste and Capitalism (CSCC) and its digital...

Industry sees it as catalysts for adoption of e-vehicles Appreciating Government's effort to promote electric mobility in the country, the Federation of Indian Chambers of Commerce and Industry (FICCI) as welcomed the government’s announcement on 28 Dec 2017 for providing...

Tech-savvy war-asset acquisitions identified Prime Minister Narendra Modi post with Indian Defence Aircraft (past picture). The Government has finalized the policy on Strategic Partnerships in the Defence Sector for broader participation of the private sector. The Policy is intended to...

JV to build automotive steel plant   The Board of Directors of SAIL has approved the group’s joint venture for cold rolling mill with Arcelor Mittal, said the Minister of State for Steel Vishnu Deo Sai has told Rajya Sabha...

Green projects worth Rs.6,766 crore have been awarded The government is raising funds from bilateral and international donors as well as Green Climate Fund for its 175 GW target of installed Renewable Energy capacity by 2022. This includes 60 GW...