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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

Complete list of 101 defence items selected for progressive import ban

Ministry of Defence's import embargo on 101 items - that include simple parts as well as some high technology weapon systems - is expected to offer a huge opportunity of about Rs 4,000 billion to the Indian defence industry within the next five to seven years.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

Government may consider duty hike on RE imports

This hike is expected to reduce dependence on imports from China and develop components locally.Read more

CUMI plans to tap into global growth for abrasives: N Ananthaseshan, MD, CUMI

N Ananthaseshan, MD, CUMI in a video interaction with Industrial Products Finder (IPF) delves into the challenges before the Indian refractory market and attaining self-sufficiency in some segments.Read more

Unlocking the export challenge

Share of exports of products related to India’s micro, small and medium enterprises (MSME) during the year 2018-19 stood at 48.10 per cent, as per the information from Directorate General of Commercial Intelligence and Statistics. Read more

Coronavirus: A silver lining for India’s exports?

India’s exports witnessed a nominal year on year decline of 1.66 per cent to $ 25.97 billion in January 2020 due to global and domestic factors.Read more

Increased imports of welding equipment has negative impact

Welding today is applied to a wide variety of materials and products, using advanced technologies such as lasers and plasma arcs. Read more

NGC Energy Invests Rs 400 crore in a LPG import and storage terminal at Krishnapatnam Port

The refrigerated LPG import and storage terminal has a storage capacity of 30000 tonne and a throughput capacity of 1.4 million tonne per annum for servicing the PSUs and private sector companies in the hinterland.Read more

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