Page 33 - Manufacturing Industry

MoUs for 5 2G ethanol plants signed at Petrotech 2016

In addition, IOCL, BPCL and HPCL signed a pact to carry out pre-project activities for setting up refinery-cum-petrochemical complex with 60 MMTPA capacity in Maharashtra

Cabinet approves NBS rates for phosphatic and potassic fertilisers

CCEA has decided to roll over the existing subsidy rates for another six months till the end of the financial year 2016-17

Panasonic to start manufacturing refrigerators in India

Japanese firm, in alliance with Tata Elxsi, will also set up a design division to develop technologies such as artificial intelligence & robotics applicable to appliances for global markets

Innovative Tech Pack bags packaging contract from Dabur

The agreement, valid for five years, is expected to give ITPL an assured business of Rs 400 crores over the next five years

ABB and NITTTR join hands to set up digital simulation centre

The multi-physics simulation centre of excellence (SCoE) will help in enhancing skill development for critical electro-mechanical equipment design and manufacturing

Global bioplastics demand to grow despite low oil price

In 2021, more than 45 percent of bioplastics will be produced in Asia, says European Bioplastics

Dipankar Bhattacharjee to head Teva's global generics business

Bhattacharjee, who has served as president and CEO of Teva Generics Europe since April 2013, succeeds Sigurdur Olafsson

Global drug market to reach $1.5 trillion in 2021: Study

Most global spending growth will be fuelled by significant innovations in oncology, autoimmune and diabetes treatments, according to QuintilesIMS Institute research

Tata Power bags Rs 200 cr order for supply of Pinaka rocket launcher

The order, awarded by the Ministry of Defence, includes supply of 20 launchers and 8 command posts to Indian Army

Clariant to tap Indian pharma sector with packaging and anti-counterfeit solutions

The company, which is setting up a healthcare packaging production facility in Cuddalore, has launched technology to combat counterfeiting in medical devices and packaging

Lupin receives US FDA pain killer drug

The approved product, hydrocodone bitartrate and acetaminophen tablet, is a generic equivalent of Allergan Sales LLC's Norco tablet

Dr Reddy's launches antifungal skin cream in US

The product is the generic equivalent of Taro Pharmacueticals' nystatin and triamcinolone acetonide cream

Revised Indian e-visa policy to benefit medical tourism industry

The Government of India's decision to expand the scope of e-tourist visas, and include short term medical needs, will make India a destination of choice for patients from across the world

Capital goods sector can add up to Rs 50,000 cr to GDP: Study

Make in India campaign and trends in key end-use sectors have created multiple growth opportunities for capital goods players, says a FICCI- McKinsey report

BHEL commissions first unit of Pulichintala hydro power project

The project, being set up by TSGENCO, is located in Guntur district of Telangana

Airbus engages Axiscades and Quest for aerospace engineering services

Quest will provide services for the wing and Axiscades for fuselage & wings (repair)

KPIT buys stake in German engineering services firm MicroFuzzy

This partnership will strengthen KPIT's position in the automotive engineering domain and bolsters its presence in Germany

IFC invests Rs 450 cr in Apollo Health

AHLL will use this fund to expand its network of Apollo Clinics (multi-specialty clinics), Apollo Cradle (women & children hospitals) and Apollo Diagnostics centres across India

Lupin to market Eli Lilly's insulin analog product in India

The Mumbai-based pharma company will market and sell Eglucent, a new brand of Lilly's insulin analog Lispro, while Eli Lilly will be responsible for manufacturing and import

Researchers in US develop process to make chemical p-xylene from biomass

New method, with 97 percent yield, uses biomass as the feedstock to make p-xylene, an important ingredient of common plastics that is currently produced from petroleum