Page 59 - Chemicals

Govt to provide marketing freedom to incentivise oil & gas production

In the power sector, the government to prepare a comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation

Govt aims to double farmers' income by 2022 to boost consumption

The budget allocates Rs 35,984 crore for agriculture and farmers' welfare

Measures for promoting affordable housing announced in budget

The Minister proposes to extend excise duty exemption, presently available to concrete mix manufactured at site for use in construction work at such site to ready mix concrete

Budget 2016 to achieve fiscal deficit target, focus on agriculture & rural economy

The total expenditure in the Budget for 2016-17 has been projected at Rs 19.78 lakh crore, consisting of Rs 5.50 lakh crore under Plan and Rs 14.28 lakh crore under Non-Plan

Clariant to tap Indian consumer care industry with natural ingredients

The company to offer paraben- and sulfate-free solutions for hair and skin care

Economy Survey suggests reform in fertiliser subsidiary package

Universal direct benefit transfer (DBT) to farmers based on biometric identification with physical off take can reduce diversion of urea, says the survey

FTAs lead to faster growth in imports than exports

In case of the ASEAN FTA, there has been 3 per cent increase in exports and 79 per cent increase in imports

Economy to grow 7-7.75% this fiscal: Economic Survey 2015-16

Aided by robust growth in petroleum refining, automobiles, wearing apparels, chemicals, electrical machinery and wood products, manufacturing is on the recovery path

Railways to give top priority to finish dedicated freight corridor project

For reversing the trend of declining modal share of freight trains, Railway Budget proposes to expand freight basket of Indian Railways, rationalise tariff structure and build terminal capacity

Budget should drive the momentum of agricultural growth: Richard van der Merwe

It is extremely significant to augment post-harvest logistics to help store and save produce, consequently reducing imports

India and UK institutions to collaborate for crop sciences research

The collaboration will create opportunities for leading experts in the UK and India to come together to tackle global challenges in the areas of food security, crop science and biotechnology

L&T Hydrocarbon joins hand with McDermott for deepwater projects in India

Under the agreement, two companies will utilise LTHE's strategically located Kattupalli facility near Chennai for fabrication and setting up of a local spool base in India

Technip to provide technology for gas cracking ethylene plant in China

French EPC company will provide proprietary technologies for to SP Olefins' 650-KTA grassroots gas cracker, which will use low cost ethane and propane from North America

Flexible pipe market to cross $ 1 bn by 2020

While increasing drilling and exploration processes are driving the demand, low oil prices are expected to inhibit the growth of the market, says new Marketsandmarkets report

Budget should rekindle business sentiment and investments: CII

It should restore the strength of the rural economy, speed-up the implementation of industrial clusters & parks, control non-productive expenditure, address the problem of NPAs, etc

Compliance with global standards to make India a pharma manufacturing hub

Building strong infrastructure, ensuring ease of doing business, abolishing price control, encouraging R&D, etc are key factors for the success of Indian pharmaceuticals industry

Pfizer to pay $ 784 mn to resolve Medicaid drug rebate claims case

Wyeth, which Pfizer acquired in 2009 & is now its subsidiary, has reached an agreement to resolve Medicaid drug rebate claims for 2001-2006 period for Protonix

RCF selects Thermax to execute Rs 353 cr energy project

Thermax will commission a 50 MW gas based co-generation plant at Thal (Maharashtra) facility of Rashtriya Chemicals and Fertilizers (RCF) for captive power

India can play pivotal role in global biotech industry

Proper standards for good manufacturing and clinical practices are required for India to become a biotechnology hub

Cipla completes acquisition of InvaGen and Exelan in US

The combined revenue for the two companies for the year-ended 2015 is over $ 230 million