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Can Indian manufacturing industry achieve $1 tn goal?
The federal government has proposed the ambitious target of $5 trillion for the Indian economy by 2025. Among industries, the goal for the manufacturing sector has been fixed at $1 trillion. But are the targets achievable? Although challenging it’s very much achievable, says Manish Pant.Read more
The industry’s goal should be cost optimisation
According to Kunal Marathe, Marketing Director, Lubeco, the Indian machine tool industry and metal cutting sector are becoming extremely price conscious. While cost optimisation should be done in order to reduce the burden on the end user, the industry should be able to identify the thin line between cost reduction and cost optimisation.Read more
Construction equipment industry supporting India’s growth story
The Indian construction equipment market is expected to grow to $5 billion by 2020. According to V G Sakthikumar, the need of the hour for the industry is to think proactively, followed by surefooted action to meet the growing demands of the future - as India marches ahead to become a major manufacturing power to reckon with in 2020.Read more
Rolls-Royce and Goa Shipyard Ltd agree to manufacture MTU engines in India
Rolls-Royce and Goa Shipyard Limited (GSL), a premier defence shipbuilding yard in India under the Ministry of Defence, have agreed to cooperate in the local manufacturing of technologically-advanced MTU Series 8000 engines in India.Read more
