Page 235 - B2B Connect

Budget has outlined the road map for the future: Vipul Shah, Dow India

In the times to come, the government should consider setting up of chemical parks and implement 'zero duty' on the import of chemicals

Allocation for new natural gas pipelines is encouraging: R Mukundan, Tata Chemicals

Reduction of taxes in chemicals and petrochemicals will encourage domestic manufacturing

To consider slum development as part CSR a good move: Jayakumar Krishnaswamy, AkzoNobel India

Focus on building healthcare infrastructure and providing clean water and sanitation will augur well with the sentiments of people

Rs 100-cr for R&D in agriculture is a positive step: Rajesh Aggarwal, Insecticides India

The move is expected to pave way for taking India's agricultural sector to a new paradigm

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

Government to strengthen state drug and food regulatory systems

Also proposes to set up 15 rural health research centres, which will take up research on local health issues concerning rural population

FM reduces customs duty on petrochemical units

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

European Commission slaps Rs 575-cr fine on Lupin, Matrix and Unichem

The commission has slapped a hefty fine of Euro 427.7 million (Rs 3,458.7 cr) on five generic drug manufacturers (including 3 Indian firms) and French company Servier for blocking hypertension generic

Europe plans to invest Euro 3.7-bn in biobased industries

Between 2014 and 2024, the Euro 3.7 billion will be injected into the European economy to develop an emerging sector of the bio-economy, biobased industries

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

Evonik opens hydrogen peroxide plant in China

Built with an investment of Euro 100 million, the new plant will increase Evonik's global hydrogen peroxide capacity by approximately 30% to more than 9,00,000 metric tonnes per annum

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

Silicone products maker Wacker opens logistics centre in Kolkata

The centre will be operated by Wacker Metroark Chemicals, a joint venture between Wacker and Kolkata based Metroark Ltd

Glenmark receives USFDA approval for telmisartan tablets

Telmisartan, which is the generic version of Boehringer Ingelheim's Micardis, garnered annual sales of $ 250 million for the 12 month period ending March 2014

Cytec and Dralon tie up for industrial grade carbon fibre production

Demand for large tow carbon fibre is projected to grow significantly in the coming years, driven by increasing use in industrial markets such as automotive

Claris Lifesciences facility receives USFDA's positive nod

US drug regulator termed Claris' facility as acceptable after the inspection

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