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L&T delivers critical part of rocket booster S-200 for ISRO’s Gaganyaan Mission
Larsen & Toubro (L&T) has delivered the first hardware, a booster segment, for Gaganyaan Launch Vehicle to Indian Space Research Organisation (ISRO). The critical booster segment was produced at L&T’s Powai Aerospace Manufacturing Facility.Read more
Reconsider Haryana’s rule of 75% reservation for locals in pvt sector: ACMA
The Automotive Component Manufacturers Association of India (ACMA) believes that such a move would not only adversely impact the ‘ease of doing business’ in the state, but also be detrimental to Haryana’s image of an industry friendly state and in attracting future investments.Read more
Competition Commission hosts virtual workshop with BRICS on automotive sector
The CCI is the project co-lead of the Automotive Working Group (AWG) along with the Competition Commission, South Africa.Read more
Extend PLI scheme to MSMEs to boost electronic manufacturing in India: Study
According to a research study of MVIRDC World Trade Center Mumbai, government should reduce the investment limit under the PLI scheme for select electronic components to Rs 200 million from Rs 1,000 million to allow MSMEs to participate in this scheme. Read more
$4 billion petrochemical complex in India put on hold due to COVID-19
The decision was taken by JV partners - Abu Dhabi National Oil Company (ADNOC), Adani Group, German chemical firm BASF, and Borealis AG - after a feasibility study of the project which comprised a propane dehydrogenation (PDH) plant, a polypropylene (PP) production and an acrylics value chain complex.Read more
NTPC ranks first among Indian PSUs in Forbes World's Best Employer 2020
The final list comprised 750 multinational and large corporations headquartered in 45 countries. The employers were also judged based on their Covid 19 responses, image, economic footprint, talent development, gender equality and social responsibility. Read more
Schaeffler India launches OPTIME for condition monitoring of plant assets
OPTIME provides automated condition monitoring at a cost-effective but efficient manner making it very convenient for maintenance personnel and facility operators. Cost savings of up to 50 percent compared with manual offline measurement, claims the company.Read more
Loophole closed: DGFT disallows tyre imports via DFIA route
The DFIA was the only remaining loophole which allowed the import of tyres, rest were curbed in June by DGFT.Read more
BLACK+DECKER launches safety eyewear and ear plug in India under PPE range
The comprehensive range of products would include, Safety Eyewear BXPE0502IN, lifestyle range of safety goggles BXPE0503IN - BXPE0505IN for optimum eye protection and Corded Ear Plug BXPE0852IN under its hearing protection range in India. Read more
PLI Scheme to herald a new era in electronic manufacturing: Ravi Shankar Prasad
Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, notified on April 1, 2020, has evoked good response from global as well as domestic mobile phone manufacturing companies and electronic components makers. Production of Rs. 10.5 lakh crore and Exports of Rs. 6.5 lakh crore expected over next 5 years.Read more