Technology

To further promote domestic manufacturing heavy industries, the Finance Minister Nirmala Sitharaman has proposed in 2019-20 Budget customs duty reductions on certain raw materials and capital goods needed for nuclear power plants.

Indian Micro, Small and Medium Enterprises, with niche security-sensitive technologies, are exploring export markets, having showcased their products at the Interpol World 2019 conference and exhibition held in Singapore 2-4 July 2019.

The 2019-20 Budget has proposed Rs.400 crore allocation for creating world class educational institutions which will among others measures woo foreign students to Indian institutions.

India’s FY2019-20 Budget marked a sense of continuity but also carried winds of change, said Singapore banking Group, DBS, welcoming measures to incentivize digital transactions.

The Indian smart kitchen appliances market, which includes refrigerators, ovens, hoods, blenders, coffee makers, scales, cookers and dishwashers, is estimated to increase revenue at cumulative annual growth rate (CAGR) of 11.8% by fiscal year 2026.

In a significant development, import of Defence Equipment not manufactured in India has been exempted from Basic Customs Duty under the Budget 2019-20 tabled in Parliament on 5 July 2019 by Finance Minister Nirmala Sitharaman.

Innovation is a currency of the future and India needs to start working in a focused manner on creating a strong innovation culture, said Dhotre Sanjay Shamrao, Minister of State, Ministry of Electronics & Information Technology.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its new initiative 'FICCI Future- X' platform that aims to elucidate Industry 4.0 technologies, highlighting the opportunities and challenges for students and faculty, through Future Talks, Capacity Building...

The Government has accepted recommendation for restructuring and strengthening of Hindustan Aeronautics Limited (HAL) and setting up of an Aerospace University at a cost of Rs.592 crore.

Invest India is currently working with 1,003 companies, with an indicated investment worth US$137 billion and indicated employment of 1,981,147 extending end-to-end facilitation support, Parliament was told on 3 July 2019.