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Indian defence market set for 14% annual growth amid government indigenisation

The market opportunity for Indian defence companies is estimated to range between $90-100 billion over the next 5-6 years, with an annual growth rate of approximately 13% during this period.Read more

Engineering growth amid the gloom

India's engineering goods exports touched $ 9.04 billion in July 2024, a rise of 3.6 per cent compared to $ 8.72 billion in July 2023, according to EEPC India.Read more

Finolex Cables releases advanced E-Beam irradiated LT XLPE Solar Cables

Designed to withstand extreme operating conditions, these innovative solar cables are capable of handling temperatures up to 120°C, with higher current ratings and superior durability making them ideal for demanding industrial applications and large-scale solar installations.Read more

Balaji Amines nears deal with lithium battery manufacturer

In fiscal 2022, Balaji Amines commissioned a DMC and propylene glycol plant as part of its greenfield project, making it the sole manufacturer of these products in India. Read more

India to continue reliance on Chinese parts amid domestic manufacturing push

Imports of personal computers, laptops, and tablets decreased by 3.4% in 2023-24 to $8.4 billion, but China still accounts for about 60% of these imports. Read more

German industrial orders fall sixth consecutive month amid weak foreign trade

The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. Read more

Tamil Nadu faces skills gap amidst rising graduate numbers joining the workforce

The state government’s Naan Mudhalvan scheme, aimed at creating entry-level jobs, has been praised, though experts suggest expanding its scope and involving more firms. Read more

Budget FY25 Decoded!

With emphasis on infrastructure, skill development, MSMEs, and manufacturing, the FY25 budget aims to drive India’s manufacturing-led expansion and exports. However, there are some missed opportunities as well. SME deciphers the short and long term impact of the budget with industry experts.Read more

Mitsubishi joins Honda-Nissan alliance amidst Tesla and China reorganisation

Combined with Mitsubishi Motors' 810,000 units, the alliance's total sales reach 8.35 million vehicles.Read more

Park+ survey shows most Indian EV owners consider shifting to ICE vehicles

A significant 88% of respondents expressed concerns about charging anxiety, surpassing the traditional worry of range anxiety.Read more

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