Stressing on India's substantial requirements of aero engines, both in civil and military domains, Singh said the country is open to explore an aero engine complex on a government-to-government basis.
In a letter, the unions pointed out how the move would leave national assets associated with the factories up for grabs
The review will decide the future of RCEP along with other FTAs.
The matter is now being investigated by the Central Vigilance Commission (CVC).
The subsidy would be proportional to capacity committed and level of indigenisation and the government plans for 60 percent indigenisation by 2025
The report quoted government data presented in the parliament, which stated that the annual turnover of the private sector in the defence and aerospace sector is around Rs 15,000 crore, while that of the public sector is about Rs 63,208 crore, which is four times that of the private sector.
The tech giant has already begun export of Made in India iPhones but is seeking a ‘globally competitive tariff regime’ to boost its export (shipping and sales) margin
The government’s bid to hike tariffs on various goods, especially industrial supplies, to boost local production may impact the domestic industries using them as inputs.
The Finance Minister unveiled Union Budget 2019-20 with proposals to revive efforts to attract companies for setting up manufacturing units in India.
However, choked up infrastructure development will pose a major challenge. Slow growth and weak consumption also add to it.
Robust framework of policies and actions to develop manufacturing ecosystem is the need of the hour. On that count, the government’s Budget has a lot to do
The vital component of a television set has a 5 percent custom duty while finished products are cheaper to import from FTA countries
The "Make in India" campaign was as much an invitation to domestic and foreign companies as a promise to rectify everything that has kept the country at the bottom rungs of the World Bank’s ‘ease of doing business’ index
The move is seen as an effort to increase their presence in the world’s fastest growing smartphone market.
The Government e Marketplace (GeM) is assisting ministries, PSUs and state governments in procuring products online at competitive prices
With no customs duty, iPhones will get cheaper a bit. But, that may not be enough for Apple to win over India’s price sensitive consumers.
The smaller iPhone would be called iPhone XE and its manufacturing would take place in India by Foxconn.
Manufacturing iPhones in India costs the company less than importing it because of the duty concessions from the government
The industrial policy, which was billed as a comprehensive rule book aimed to turn India into a friendlier business destination, was initially set for launch last year
Agriculture's share in the economy had declined, with government and private sector gaining
The partners are developing comprehensive plans to set-up a new 'factory of the future' to manufacture Super Hornet locally, Boeing said after the discussions at the Aero India air show at the Yelahanka air base here.
The coaches at MCF will be manufactured by robots and will be on par with those being manufactured by international manufacturers, the sources said.
The minister said to boost the sector, the Cabinet has already given approval for 100 percent FDI under automatic route for manufacturing of medical devices.
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
At first blush, the new defence pricing policy announced by the government earlier this month seems to discourage production. The policy, which proposed margin cuts, seems to be at odd with government rhetoric.