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Partners in Progress
ECONOMY & POLICY

Partners in Progress

With $ 33 billion in bilateral trade in 2023, the partnership between India and Germany spans diverse sectors, including green hydrogen and Industry 4.0. SMEs, skill development and sustainability initiatives are key focus areas, driving economic progress. The alliance exemplifies strategic global cooperation and offers a blueprint for success, as discussed at a webinar hosted by FIRST Construction Council, in association with “Construction Worldâ€�, “Smart Manufacturing & Enterprisesâ€� and “Equipment Indiaâ€� on 17 January 2025. 

From trade to technology

The Indo-German relationship has evolved from basic trade to multifaceted collaboration, with over 1,800 German companies operating in India. Machinery forms nearly a third of the $ 33 billion bilateral trade, with key growth sectors like renewable energy, digitalisation, and green hydrogen...


With $ 33 billion in bilateral trade in 2023, the partnership between India and Germany spans diverse sectors, including green hydrogen and Industry 4.0. SMEs, skill development and sustainability initiatives are key focus areas, driving economic progress. The alliance exemplifies strategic global cooperation and offers a blueprint for success, as discussed at a webinar hosted by FIRST Construction Council, in association with “Construction Worldâ€�, “Smart Manufacturing & Enterprisesâ€� and “Equipment Indiaâ€� on 17 January 2025. From trade to technologyThe Indo-German relationship has evolved from basic trade to multifaceted collaboration, with over 1,800 German companies operating in India. Machinery forms nearly a third of the $ 33 billion bilateral trade, with key growth sectors like renewable energy, digitalisation, and green hydrogen...To read the full article Click Here

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Building Material

Adani Cement and CREDAI to Elevate Sustainable Urban Construction

Adani Cement and CREDAI (Confederation of Real Estate Developers� Associations of India) have entered an exclusive preferred partnership to advance sustainable and high-quality construction in India. The signing took place in the presence of Hon’ble Chief Minister of Goa, Pramod Sawant, during the CREDAI Governing Council Meeting held in Panjim, attended by industry body office bearers and leading developers from across the country.This strategic alliance brings together Adani Cement and the country’s apex body of private real estate developers, aiming to benefit both organisations and t..

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Infrastructure Urban

DCVMI Inaugurates New Manufacturing Plant in Cikarang

Daimler Truck marked a significant milestone in its regional expansion with the opening of Daimler Commercial Vehicles Manufacturing Indonesia (DCVMI)—a cutting-edge greenfield manufacturing facility located in the Cikarang Industrial Area, Indonesia. This strategic investment underscores Daimler Truck’s long-term commitment to Southeast Asia, tailored to meet the region’s dynamic and evolving mobility needs. The new DCVMI plant spans 15 hectares and has an annual production capacity of 5,000 Mercedes-Benz trucks and buses. With a total investment of IDR 500 billion, this facility e..

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Equipment

Govt Defers OTR-2024 Implementation to September 2026

In a significant development for the construction, mining, and heavy equipment industries, the Ministry of Heavy Industries (MHI) has officially deferred the implementation of the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024 (OTR-2024) by one year. The new compliance date is now set for September 1, 2026.The OTR-2024, originally notified on August 28, 2024, was to come into effect from August 28, 2025. It aimed to regulate the safety of machinery and electrical equipment, including earthmoving, construction, mining equipment, cranes, and their assemblies..

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