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Ramp up R&D to reduce auto component imports: Amitabh Kant
Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more
Defence Ministry’s import embargo to open up Rs 4,000 bn opportunity for domestic industry
The list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems. Of these, items worth almost Rs 1,300 bn each are anticipated for the Army and the Air Force while items worth almost Rs 1,400 bn are anticipated by the Navy. Read more
Set up National Mineral Index to help mining sector become competitive: CII
For example, a competitive domestic aluminium sector can save annual forex outgo of around Rs 40,000 crores and also attract fresh investment of Rs 1.8 lakh crores ($ 25 billion) into the growing aluminium sectorRead more
Escorts Q1 profit up by 5.3 per cent to Rs 92.2 crore
In this prolonged pandemic, the company is finding new ways to connect with its customers to provide uninterrupted service.Read more
ReNew Power to invest upto Rs 2000 Cr for solar cells and modules manufacturing facility
In this endeavour, the company’s manufacturing unit will have capacity of 2GW.Read more
Toyota Kirloskar Motor hands over Mobile Medical Unit to scale up COVID-19 testing
The MMU will be used as a molecular diagnostic laboratory for Coronavirus tests and provide results quickly, reducing turnaround time.Read more
Escorts Ltd. Q4 reports standalone profit up by 15.7 per cent
Escorts Limited, an Indian multinational conglomerate and automotive engineering company, announced that the profit for quarter ended on March 2020 showed an increase in the consolidated profits of around 10 per cent.Read more
SME Round up: January 2020
During January 2020, there was a broad-based decline across all 4 indices, according to CARE Ratings' Monthly SME Roundup report.Read more
India should be ready to scale up footwear production to tap exports: Adesh Gupta
In this interview, Adesh Gupta, CEO of Liberty Shoes, highlights challenges before footwear industry and explores new opportunities before India due to Covid 19 effectRead more
Igus telescopic rail for hygienic pull-out drawers withstands loads up to 180N
Using the new lubrication-free, lightweight and durable drylin NT-60 telescopic rail, drawers with a length of up to 2,000 mm can be operated quietly in medical systems or laboratory automation.Read more