Dept of Space receives ~108 bn, bulk for R&D

New Delhi: The Department of Space, Government of India has been allocated Rs 107.83 billion (US$ 1.68 billion) for 2018-19, which includes Rs 65.76 billion (US$ 1.03 billion) for ...

Rs 26 billion special package likely for leather and footwear industry

Chennai: Mr Suresh Prabhu, Minister of Commerce & Industry, Government of India is expected to announce a Rs 26 billion (US$ 407.8 million) special package for the leather and ...

Grasim Industries gets green nod for Rs 2,560cr expansion proj

New Delhi: Grasim Industries received approval for the expansion of its VSF (Viscose Staple Fibre) plant in Bharuch, Gujarat with an investment of Rs 2,560 crore (US$ 400.7 million...

Consumption uptick boom for IIP

New Delhi: India's Index of Industrial Production (IIP) hit a 17-month high at 8.4 per cent growth in November 2017, backed by improved capital goods output led by an increase ...

Raksha Mantri clears 2420 Crore worth contracts for Navy, Army

New Delhi: The Ministry of Defence, Government of India, has approved P-8I Training Solution and Low Intensity Conflict Electronic Warfare System (LICEWS) worth Rs 2,419.32 crore (...

Around 356 mobile charger factories to be set up in India by 2025

New Delhi: The mobile phone industry in India expects that the Government of India's boost to production of battery chargers will result in setting up of 365 factories, thereby...

India's exports will ride global manufacturing revival

New Delhi: The merchandise exports of India rose 30.56 per cent year-on-year in November 2017 and the revival in global manufacturing is expected to benefit India's merchandise...

Cabinet approves capital investment subsidy to industrial units located in North Eastern Region (including Sikkim)

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved Capital Investment Subsidy of Rs 264.67 crore (US$ 41.29 million) to four industrial units located in the N...