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India aims for $1 trillion exports by 2030, focus on electronics, RE, EVs
The surge is attributed to the export of Samsung and Apple phones, with smartphone exports reaching $10.9 billion in FY 23, marking an 88.9% increase from April to August.Read more
Hyundai unveils AI-driven factory, provides custom cars in six hours
The cutting-edge approach, inaugurated at the Hyundai Innovation Centre in Singapore and currently dedicated to crafting the Hyundai Ioniq 5.Read more
Indian Airlines embrace local sourcing for non-critical aircraft parts
According to executives from Air India and IndiGo, the aviation sector in India is adopting a trend prevalent in the US, aiming to gain cost and time benefits for carriers.Read more
Bizongo boosts AI offerings with acquisition of FactoryPlus
The integration of FactoryPlus into Bizongo's platform will enable the provision of an AI-powered raw material procurement solution for MSMEs.Read more
Global MRO Giant StandardAero explores JV in India with surging aviation growth
Safran, a French engine manufacturer, plans to establish its largest MRO facility for commercial aircraft engines in Hyderabad by 2025.Read more
Samsung expands Texas chip plant amidst AI chip supply deal
Samsung is embarking on the construction of an additional building within its semiconductor chip plant in Taylor, encompassing approximately 2.7 million square feet.Read more
Spanish firms eye high-speed rail and defence projects in India
Dominguez mentioned that Spain's state-owned defense firm, Navantia, is in contention for a contract to build six submarines for India under Project 75 (I).Read more
Siemens unveils eco-friendly Blue GIS Switchgear for Sustainable Power Grids
The newly introduced F-gas-free blue GIS primary switchgear facilitates an early shift towards eco-friendly grids, anticipating upcoming regulations.Read more
India's solar manufacturing capacity set to surge, aiming for 100 GW by 2025
According to a report by rating agency ICRA, India's solar photovoltaic (PV) module manufacturing capacity is anticipated to surge to over 60 GW by 2025, up from the current 37 GW.Read more
Airbus strengthens 'Make in India' with agreements with four Indian suppliers
These contracts pertain to the production of airframe and wing parts for Airbus' A320neo, A330neo, and A350 programs.Read more