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Govt plans major capital goods production push

CFO News

India is considering expanding its capital goods promotion scheme to include sectors like pharmaceuticals and textiles. The current scheme primarily supports electrical component and automobile manufacturing, but the government is now considering extending support to other sectors.

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ONGC plans to invest Rs 1 lakh cr to set up 2 petrochemical plants

CFO News

India's top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products.

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Why More International Life Sciences Companies Are Locating in Austria

CFO News Room

American biotech, pharmaceutical, and life sciences companies face myriad challenges today. And the pressure is always mounting to drive growth and international expansion, develop domestic manufacturing and research capacities abroad, and improve access to new drugs and technologies. million) more planned.

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Govt may soon tweak PLI schemes for pharma, textiles, drones

CFO News

The Indian government plans to modify the production-linked incentive (PLI) scheme for sectors such as pharmaceuticals, drones, and textiles to encourage investment and boost manufacturing. The changes include extending timelines for the pharmaceutical sector and adding additional products in certain sectors.

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Why SAP ERP Makes Sense for Pharmaceutical Manufacturing

Navigator SAP

Legacy software systems no longer make sense for life sciences businesses, especially those in Pharmaceutical manufacturing. The problem is that complexity, regulation, and competition have changed how pharmaceutical and life sciences firms must do business. Data is siloed, hard to update, and time-consuming to store or use.

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Sri Lanka: Recovery Takes Hold

Global Finance

With the next presidential and parliamentary elections planned for 2024, the approval ratings of the incumbent president and his government are weak. Quartz deposits in many parts of the country and duty-free access to markets including the European Union and India have made the solar component manufacturing sector attractive.

Economics 105
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Stocks Drop as Jobs Report Increases Rate-Hike Jitters

CFO News Room

HIG ), and Regeneron Pharmaceuticals, Inc. The maker of disinfectant wipes and other cleaning products said that higher-than-expected commodity prices and manufacturing costs cut into profit margins. The plan will hand control of the specialty pharmaceutical company to creditors. Bureau of Labor Statistics.