Arun Jaitley, Union Minister for Finance, Government of India presented the Union Budget for 2018-19, on 1 February, which won broad approval from economists.The new budget mainly focuses on agriculture and food processing sector, affordable housing sector, health insurance industry and the textile sector.The government is committed towards doubling the farmers’ income by 2022. The agriculture sector in India is likely to perform better in the next few years. Thus, the demand for fertilisers, crop protection chemicals, irrigation equipment will increase. Read More

India Gas Solutions Pvt Ltd, a 50:50 joint venture (JV) company of BP Plc and Reliance Industries (RIL) has appointed Vinod Tahiliani as its new CEO.Tahiliani has over 25 years of international experience in the oil & gas business and project financing. He joins IGS from BP, where he was most recently the vice president, strategy & commercial for BP India. For BP, he has developed gas value chain businesses and worked on oil, gas and power developments in India, Angola and Vietnam. Read More

Archroma has signed a memorandum of understanding (MoU) with World Wide Fund for Nature (WWF Pakistan). The MoU paves the way for formal cooperation between the two institutions in Pakistan, leading to projects mainly related to water conservation in the textile industry there.The MoU will build strong ties between Archroma and WWF Pakistan’s initiatives in promoting sustainable practices within the textile industry using Archroma’s technical expertise toward zero liquid discharge, software simulations in production lines, and the Archroma ONE WAY process simulator tool, together with research methodologies in reducing water consumption and re-using water. Read More