India to increase annual steel production
India is working hard to achieve its target of increasing the current annual steel production of 100 million tonnes by three times by 2025, The Hindu Business reports. Union Minister for Steel and…
Volvo invests in India
Sweden-based truck and bus manufacturer Volvo, is planning to expand its manufacturing facility in Hoskote, near Bangalore, India. The automaker has been manufacturing trucks and buses at this plant, which also accommodates a commercial…
Automotive companies invest in India
Car makers are bettig big in India. The automobile growth story in the country is double-layered: on the face of it, a mere 4-5% sales growth, 45-50% capacity utilisation and profit margins under pressure in…
Fastener Fair India 2015 performed well
The positive results of Fastener Fair India 2015 pushes business opportunities on a global scale. The third edition of Fastener Fair India, held from 23-24 April 2015 at the Bombay Exhibition Centre in…
Lower iron prices to help domestic steel industry
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) urged the government to loweriron ore prices by 25% to help domestic steel industry. Asian economies like China, Japan and Korea have become…
India, the next 3rd largest auto maker in the world
By 2020 Indian automotive industry is expected to achieve 7 million vehicles: after reaching that milestone India will become the third-largest auto manufacturer in the world, behind the US and China. Commenting on…
Ford’s new plant in India opening soon
The brand new plant of Ford India in Sanand is going to begin production in a couple of weeks. The Rs 6,000 crore plant is likely to be inaugurated by chief minister Anandiben Patel on either…
Early stages for India’s metal recycling industry
In India, a country with a population of over 1.2 billion, metal recycling sector is striving. Indian metal recycling industry is highly unorganized and large volumes of unaccountable/non segregated scrap is inadequately utilized. As…
Steel demand is rising in India thanks to auto, construction and infrastructure sectors
Steel demand is growing in India due to increasing demand from automotive and construction industry as well as the government’s focus on infrastructure and railways in the second half of 2014. Officials and…
Steel firms to obtain a reduction in taxes on coking coal imports
Indian steel firms are asking for a rollback of the 2.5 per cent duty imposed on coking coal imports. They will try to impress upon the Finance Minister that there is shortage of…
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