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Seize the export opportunity

The Government of India has set an ambitious target of reaching $ 400 billion in exports for the current year. With India achieving nearly a third of its annual target in the first four months of 2021-22, $ 400 billion seems to be within the reach. Read more

Renewable energy powers ABB’s expansion at Faridabad plant

Powered by renewable energy ABB has expanded the manufacturing capacity for Low Voltage (LV) motors at its Faridabad facility. The expansion will increase plant capacity by more than 20 percent and will further strengthen ABB’s presence in the region and global markets.Read more

L&T flags-off first set of piperack modules to HPCL’s Vishakapatnam Refinery

This facility, licensed by CLG, is being built by LTHE under an EPCC Contract. The first lot of the pipe-rack modules was flagged off in the presence of dignitaries from HPCL, EIL and L&T.Read more

Atlas Copco brings global brand Pneumatech into India

Pneumatech is a leading compressed air treatment and gas generation equipment manufacturer, under the Atlas Copco Group with a presence across the globe.Read more

Saudi’s Alfanar acquires wind turbine maker Senvion India from Senvion

Senvion India will provide full EPC and O&M solutions for wind power projects to customers in India. Riyadh-based Alfanar holds 600 MW capacity in India won via auctions conducted by SECI.Read more

Niti Aayog CEO says Indian companies must become globally competitive

Amitabh Kant, CEO, Niti Aayog urged Indian companies to become globally competitive instead of promoting protectionism and complaining about imports via Free Trade Agreements (FTAs).Read more

India may benefit from G-7 countries’ minimum 15% Corporate Tax Pact

Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.Read more

PLI scheme to place India firmly in the global manufacturing value chain

PHD Chamber of Commerce and Industry recently held a Virtual Open House Session on the Implications of Production Linked Incentive (PLI) Scheme on India’s Manufacturing and Trade Competitiveness. Read more

FIEO: Gradual opening of key global markets to push exports

The need of the hour is to soon notify the RoDTEP rates to remove uncertainty from the minds of the trade and industry thereby helping in further forging new contracts with the foreigner buyers.Read more

Frost & Sullivan: Global industrial robotics market to $38.3 bn in 2024

Despite COVID 19 pandemic and uncertainty in the automotive business, robotics market to growth at 12.2% CAGR during 2020-2024 period, driven mainly by pharmaceuticals, food & beverage (F&B) and electrical & electronics sectors, says Frost & Sullivan.Read more

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