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Business sentiment improves in Jul-Sep: CII Business Outlook Survey
The latest CII Business Confidence Index has surged to the level of 50.3 in Jul-Sep 2020, bouncing back from its lowest reading of 41.0 recorded in Apr-Jun 2020.Read more
Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports
Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more
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
ICAI issues MSME Business Continuity Checklist
The checklist will serve the purpose of various research initiatives and guidance to MSME.Read more
MoD inks Rs 2,580-cr contract with BEML, Tata Power and L&T for Pinaka missile systems
These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS) and 45 command posts to be procured from Tata Power and L&T and 330 vehicles to be procured from Bharat Earth Movers Ltd (BEML)Read more
Strong anti-China sentiment a game changer for domestic industry: A M Naik, Chairman, L&T
Addressing L&T's 75th AGM, he stressed on the need to move beyond knee-jerk responses and draw up a long-term strategy with a time-bound plan for implementation. He added that it is time for government and industry to act in unison for national cause.Read more
Japanese tyre maker Yokohama doubles production capacity in India
Yokohama, which been supplying tyres to passenger car and SUVs since 2007 in India, has commenced the second phase of commercial production raising its capacity from 0.7 mn tyres a year to 1.6 mn tyres per year in IndiaRead 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
Boosting demand will be more beneficial than just monetary help: Amit Ghaisas
In this interview, Amit Ghaisas, MD, Minilec Group, focuses on the importance of quality, exports, and Aatmanirbhar Bharat initiative. He also highlights on demand drivers for control and monitoring relays and effect of COVID 19 on the industry.Read more
India imposes restrictions on bidders from neighbouring countries for public procurement
IEEMA welcomes this government policy on bidding regulations for national security reasons. Bidders from these countries will be eligible only if they are registered with DPIIT. Government has provided relaxation for procurement of COVID medical supplies till December 31.Read more