Manufacturing

PSUs will be worst hurt by weak demand India’s power demand has declined on average 30% year-on-year (yoy) and 25% week-on-week basis on 28 March following the 3-week 25 March lockdown. “Demand from the industrial and commercial sectors are already...

Sequential pickup in H2 Nomura is lowering is 2020 GDP growth forecast in India to -0.5% y-o-y from 4.5%, citing various impacts of coronavirus crisis including further financial stress in the banking sector. “We now expect GDP growth to slide...

Internet-smartphone users drive growth The Indian Online Grocery Market is projected at US$3.6 billion by 2024 from around $569 million in 2018, says a report from ResearchAndMarkets. The growth is driven by rising number of internet and smartphone users, said...

Investment: $156.08bn needed for 300MTPA India’s metal industry is set to witness a 6% Y-o-Y Demand Growth in FY 2020, and an investment of US$156.08 billion is needed to have a 300 million tonne per annum capacity by 2030. Capacity...

Extend 2015-2020 Foreign Trade Policy The Federation of Indian Export Organizations (FIEO) has raised points with the Commerce and Industry Minister Piyush Goyal on 27 Mar 2020 through videoconference. These were: Home Ministry: 1.     All manufacturing companies in exports should...

Sharp downturn in manufacturing Depending on the duration of the lockdowns that have been imposed, ICRA expects Indian GDP growth to range from 4.7% to 5.2% in FY2021 (4.7%E for FY2020). Projecting this on 25 Mar 2020, ICRA said it...

Threat of over dependence on China, warns Sridhar India needs to be a World leader for not just Generic formulations but APIs (active pharmaceutical ingredients) too, according to S Sridhar, Chair, FICCI Pharmaceuticals Committee and MD, Pfizer. India's pharmaceutical import...

Increasing taste for flavoured cashews The India processed cashew market is projected to register a CAGR of 9.33% during the forecast period (2020-2025), according to a ResearchAndMarkets report. The cashew kernel market has witnessed a rapid shift in the consumption...

Employees being reskilled, says Minister Naik Globally sourced modern technologies have been inducted into the Ordnance Factories as per the Comprehensive Modernization Plan for the XIth and XIIth five-year Plan, Minister of State for Defence Shripad Naik said in a...

Access to modern technology sought The Government has issued 464 licenses to Indian Companies for manufacturing of a wide range of defence items as of February 2020, Minister of State for Defence Shripad Naik said in a written reply Rajya...