Page 24 - Manufacturing Industry

Govt to set up dairy development fund with corpus of Rs 8,000 cr

Assistance of up to Rs 75 lakhs to be provided to every e-NAM (National Agricultural Market)

Budget increases incentives to make India a global hub for electronics

Government aims to take strategic crude oil reserve capacity to 15.33 MMT with two new facilities

Budget raises capital outlay for Railways to Rs 1.31 lakh crore

For passenger safety, a fund to be created with a corpus of Rs 1 lakh cr over a period of 5 years

Budget reduces customs & excise duties for renewable energy sector

It proposes zero customs and excise duties on certain items related to cashless transaction devices

Govt to formulate new rules for regulating medical devices

It will amend Drugs & Cosmetics Rules to ensure availability of low-cost drugs & promote generics

Budget emphasises on vocational skill development programme

Announces special scheme for leather & footwear industries for creating employment

Economic Survey right in emphasising remonetisation: Assocham

Upsurge in protectionism, affecting India's exports, is a matter of concern, says Sunil Kanoria

Apparel & leather sectors key for job creation: Economic Survey

It has recommended reforms in labour and tax policies to make these two sectors globally competitive

Economic Survey projects GDP growth at 6.75%-7.5% for 2017-18

Follow up demonetisation by bringing land and real estate into the GST, suggests the survey

Rationalise duties to boost investment in chemical industry: Sudhir Shenoy

More clarity in IPR regulations would benefit the industry & encourage R&D activities in India

AkzoNobel to commercialise bio-based polymers in alliance with Itaconix

Itaconix will contribute with a technology to turn itaconic acid (obtained from sugars) into polymer

Gail, HPCL ink MoU for Rs 40,000 cr petrochemicals complex in AP

The new plant will have a capacity to produce 1.5-million tonnes of ethylene derivatives

GMR inks MoUs for manufacturing units to come up at Kakinada SEZ

MoUs were signed by KSEZ with 5 forms for setting up facilities with investment of Rs 7,000 cr

Piramal Group buys UK-based Mallinckrodt's pharma products for $171 mn

The acquired portfolio of drugs belongs to spasticity and pain management categories

Back Indian textile industry to double productivity by 2030

Financial packages provided to industry have to be output based, reviewed on multiple key indicators

Incentivise R&D for growth of specialty chemicals sector: Dr Deepak Parikh

Budget should offer credits to chemical producers who demonstrate exemplary corporate citizenship

Remove anomaly of inverted duty structure: Dr Raghupati Singhania

Tyre industry looks forward to announcements that will create a level-playing field Indian players

Budget should consider special package for textile industry

TUFS must be extended for another 5 years to enable companies to avail maximum benefit

Efficient cold chain network critical for fostering agricultural growth

Regional innovation is a must to transform horticulture, which can generate more income for farmers

Johnson & Johnson buys Swiss biopharma firm Actelion for $ 30 billion

It will also have 16% stake in Actelion's yet-to-be created R&D company