Page 17 - Industry News

India could emerge as $7 bn MedTech contract manufacturing hub by 2035

India's overall MedTech opportunity could expand more than fourfold to $83-89 billion by 2035, driven by rising domestic demand, exports and contract manufacturing

Piyush Goyal asks industry to boost manufacturing to reduce imports

Piyush Goyal urges industry to cut import dependence, boost domestic manufacturing and help India achieve $1 trillion exports target

India's hotel investment market surges 67% to $567 million in 2025: JLL

India's hotel investment market surged 67 per cent year-on-year to $567 million in 2025 across 28 deals, driven by institutional capital, private equity, and strong demand from Tier II and III cities

Food sector in UP gets boost as industry pushes startups, cloud kitchens

To strengthen the linkage between the farm economy and markets, the government is planning to establish 75,000 new food processing units across the state

India can ride out crude supply disruption after Russian oil waiver ends

In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend

NTPC backs domestic nuclear tech, warns against supply chain dependence

Most of India's existing fleet uses locally designed reactors, while the 2-gigawatt Kudankulam plant in the country's south that's powered by Russian reactors, is the only one using foreign technology

GE Aerospace announces ₹100 crore investment in Pune manufacturing plant

The Pune facility has more than 300 suppliers locally across a broader network of over 2,200 GE Aerospace suppliers in India

Jute industry seeks new Bengal govt's help to tackle raw material shortage

According to the millers' estimates, around 75,000 workers are already facing "involuntary unemployment" because of partial shutdowns, curtailed production and irregular operations in mills

Centre tapping Big Tech companies for data centres, R&D in West Bengal

The Centre has approached global technology giants and Indian conglomerates to invest in data centres, R&D hubs, GCCs and semiconductor projects in West Bengal

Power ministry working on tariff redesign, tweaking fixed charges

The Centre is considering a national framework to rationalise fixed charges and redesign retail tariffs to improve cost recovery and reduce financial stress for discoms

PM's WFH push may raise flex, managed workspace demand in the near term

Industry executives say companies are likely to adopt distributed workplace strategies, supporting flex office demand without disrupting India's office leasing momentum

Young Indians to benefit from easing of Dubai's visa-linked property rules

Dubai's decision to ease visa-linked property investment norms is expected to increase participation from young Indian buyers and mid-income professionals

International marketing can help raise forex from tourism: FAITH chairman

Earning as important as conserving forex; tourism needs better positioning

CNG prices raised again as IGL hikes rates for second time in two days

The latest Re 1 per kg hike by IGL took CNG prices to Rs 80.09 per kg in Delhi, even as the company said the rise only marginally offsets higher input costs

ICAI to embed AI, data analytics in CA curriculum to match industry changes

Lakhs of students are pursuing chartered accountant programme at the Institute of Chartered Accountants of India (ICAI), which has more than five lakh members

India's gems, jewellery exports down 9.07% in April at ₹20,825 crore

Gold jewellery exports was down 21.77 per cent to $841.54 million in April, compared to $1,075.67 million for the same period last year

NTPC chief cautions against dependence on single supplier for nuclear tech

According to the NTPC website, the company currently has an installed capacity of 89,805.30 MW at group-level, spanning coal, gas/liquid fuel, hydro and solar power

More women, freshers migrating for better blue, grey-collar jobs: Report

The data shows 8.6 million job applications for cities other than applicants' own between January and April 2026, up from 6.5 million in the same period a year ago - a 31.4 per cent rise

West Bengal rice industry seeks infra push, faster clearances from BJP govt

Ricevilla Foods CEO Suraj Agarwal said the industry was looking for improvement in infrastructure for rice mills and warehouses, particularly in rural areas

India becomes largest market for Nestle's KitKat on strong demand

KitKat has now become the second brand in Nestle's portfolio, after Maggi, to emerge as the largest market globally