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Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23
The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more
Economic Survey: Indian economy is poised for faster growth in the coming decade
Considering the evolving geo-political situation, the Survey notes that India has an opportunity to benefit from the diversification of global supply chains.Read more
Gearing up for Kumbha Mela of machine tools, IMTEX 2023
The year 2022 saw a balanced growth for the industry starting on a high at the start and tapering down a bit in the second half of the year. Read more
Bostik unveils two new tape and label adhesives in India
The two new products will give a boost to the manufacturing industry and support the shift towards circular economy.Read more
Igus launches its new Chainge recycling platform
The platform is used not only to recycle old e-chains and other technical plastics, but also to buy recycled materialRead more
AspenTech unveils new software to help customers achieve new levels of efficiencies
Aspen Technology Inc (AspenTech), a global leader in industrial software, has announced the availability of its latest aspenONE software release, V14. Read more
Green ammonia to propel hydrogen fuel economy
Demand for hydrogen, which has the potential to decarbonise a wide range of heavy industries, is expected to increase fivefold from 2020 to 2050. However, there are a few important limitations to overcome for hydrogen to become competitive. Collin Hamilton shares his views on the future of green hydrogen market and role of ammonia in supporting the hydrogen fuel economy.Read more
Salzgitter AG establishes "Circular Economy" as a corporate goal
Salzgitter AG is planning to establish the Group as an independent market leader for circular economy solutions with innovative products and processes. Achieving this goal can only be successful together with strong partners and networks.Read more
India’s growing economy gets budget’s booster dose
The budget has laid down a blue print for achieving the objective of Atmanirbhar Bharat and sustainable development in the future. However, it will be important to look at the execution, on which the success of all the policy announcements will depend.Read more
Atmanirbhar Bharat Mission to bolster indigenous manufacturing
The adoption of new technology-based solutions is expected to bring the much-needed transformation in the manufacturing sector, thus making the sector a bigger participant in the development of Indian economy. The pandemic has turned the focus towards becoming self-reliant by emphasising on local manufacturing, which, according to Ashish Dhakan, will be the key to India’s survival; thus, giving a major boost to the Indian manufacturing sector.Read more