Page 123 - Manufacturing Industry

Fluor bags LNG terminal contract in Netherlands

The terminal is expected to be ready for operation in 2016

IL&FS Engineering bags Rs 213-cr pipeline contract

The contract has been awarded by Indian Strategic Petroleum for laying of pipeline from Land Fall Point (LFP), Mangalore Port to Mangalore/Padur Cavern

JSW Steel to import 6-mt iron ore due to shortage

Closure of mines in Odisha and delay in opening of mines in Karnataka and Goa have resulted in an acute shortage of ore in India

Geometric to showcase gen-next manufacturing software at IMTS 2014

Quicker programming time, quicker setup time and quicker machining time are the focus of the all new CAMWorks 2015 software, which will be previewed at IMTS

Tata Chemicals inaugurates innovation centre in Pune

The centre will be Tata Chemicals' technology and innovation hub to incubate and support the company's growth vectors in wellness foods, agri and chemistry solutions

Duty reduction on food processing machinery is a welcome move: Ravichandran Purushothaman

Both aspects of food security and food safety have been touched upon to some extent

Plans to take broadband connectivity pan-India will benefit the sector: Koichiro Koide, NEC India

The budget depicts the government's effort in promoting the use of new technology and integration of technology across sectors

Budget is extremely encouraging for SMEs: R Narayan, Power2SME

It will create a favourable ecosystem for the start-ups to flourish

Roadmap for economic revival, with a long unfinished agenda: Vikas Vasal, KPMG

Overall it is a combination of prudent fiscal policy, with an eye on economic revival, and a long pending list of things to do in near future/next Budget

Government to invest Rs 200 cr in 8 textile mega clusters

To encourage exports of readymade garments, FM proposed to increase the duty free entitlement for import of trimmings, embellishments and other specified items

A shot in the arm for defence sector with increased FDI limit to 49%

The move aimed at increasing domestic manufacturing of defence equipment. Budget also proposes to increase the capital outlay for defence modernisation by Rs 5,000 crore

FM reduces customs duty on petrochemical units

Reduction in basic custom duties on certain items will encourage domestic production, according to Arun Jaitley

Adani Ports and France's CMA CGM to set up container terminal at Mundra

The JV will develop and operate the new fourth container terminal, which will have an annual capacity of 1.3 million TEUs

Finnish firm Huhtamaki to buy Positive Packaging for Rs 2009 cr

Positive Packaging Industries, a company engaged in the business of flexible packaging, has an annual turnover of approximately Rs 1,000 crore

Siemens wins Rs 52-cr order from NTPC

The automation major will supply DCS for NTPC's 4x210 MW power plant located in Bhagalpur, Bihar

Rail Budget emphasises on resource mobilisation, avoids populism

It stresses on resource mobilisation through PSU surplus, FDI and PPP; and timely completion of projects by setting up project management group

Railway Budget 2014: On the right track?

Industry experts tracking the industry share their views on Rail Budget and its short- and long-term impact

Land reforms critical for growth: Ravichandran Purushothaman, Danfoss India

Urgent attention is needed on single window clearances on projects which will speed up the pace of development

Unsolved global oil supply and demand equation poses risks: Dr Mosongo Moukwa

Looking out a few years, global demand for oil will continue to increase because of rising prosperity in emerging economies. Supply, however, will still remain constrained

TERI and USGBC to promote green buildings in India

India is already the third largest market for LEED outside the US