Manufacturing

Army presents big opportunities for domestic industry An Rs.3 lakh crore defence budget and a CAGR of 15% is required to meet the desired level of indigenisation in the domestic defence industry, according to Mukesh Bhargava, Board Member and Vice...

Industrialization drives the market The silica fume market in India is poised to grow by US$10.83 billion during 2020-2024, progressing at a CAGR of over 5%, according to a Technavio report on 4 Sept 2020. Although the COVID-19 pandemic continues...

Health benefits of fortified food Food Safety and Standards Authority of India (FSSAI) is soon coming up with regulations to fortify edibles such as cereals and bakery products. This was announced by Inoshi Sharma, FSSAI Director on 3 Sept 2020...

Auto industry told to be competitive Design, Packaging and Brand Buiding, these are 3 pre-requisites for India to be a global supplier of auto products, Commerce and Industry Minister Piyush Goyal told the Society of the Indian Automobile Manufacturers (SIAM)...

Cochin Shipyard wins Norwegian vessel contract The Ministry of Shipping has discussed some leading countries for ‘Make in India’ shipbuilding as the Government revives old shipyards. Minister of State for Shipping Mansukh Mandaviya said that the Government is taking 360-degree...

Straight Gate part of the deal The Competition Commission of India (CCI) has approved the acquisition of Helsinki-headquartered Metso Oyj’s minerals business including capital equipment in India by Outotec Oyj, also from Helsinki, under Section 31(1) of the Competition Act,...

Food packaging at $55bn by 2020, says Exim study The Indian packaging sector is expected to reach US$72.6 billion by 2020, growing at a CAGR of 18% during 2016-21, according to a study by Export-Import Bank of India (India Exim...

India’s share in global trade improving, says Minister Commerce and Industry Minister Piyush Goyal says exports and imports are showing positive trends following a sharp dip in April due to pandemic. The exports are approaching levels seen last year while...

E-mobility programme will cut oil imports Energy Efficiency Services Limited (EESL), a Super Energy Service Company (ESCO) under the administrative control of the Ministry of Power, will procure 250 electric vehicles from Tata Motors and Hyundai Motor India using an...

Saudi investment flows into Swiss MNC linked to Indian market The Competition Commission of India (CCI) has approved the incremental acquisition by SABIC International Holdings in Swiss multinational Clariant AG under Section 31(1) of the Competition Act, 2002, on 2...