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Capital-intensive industries drive employment growth in India: Goldman Sachs

India’s manufacturing transformation is being fuelled by reforms, including the Production-Linked Incentive (PLI) schemes, which have played a pivotal role in increasing domestic production, fostering technological progress, and drawing both foreign and local investments. Read more

PM Modi encourages boosting Indian manufacturing

Prime Minister Modi emphasised the importance of enhancing the quality of Indian products to ensure they meet global standards.Read more

Rangarajan alerts against inefficient ‘Import substitution’ in Atmanirbhar boost

India aims for an average annual real growth rate of 6-7% to achieve a per capita income exceeding $13,000 by 2024. Read more

DDP launches 5th positive indigenisation list of 346 defence items

DPSUs such as Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Bharat Dynamics Limited (BDL) will lead the indigenisation of these items through various routes, including the 'Make' procedure and in-house development, involving industry players and MSMEs.Read more

Tata Hitachi to invest Rs 2 billion in manufacturing plants for FY25

The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70% over the next 2-3 yearsRead more

80% of Indian steel producers use ‘Made-in-India’ on products to boost global status

This rollout began on November 4, 2023, with major players like RINL, JSPL, and TATA Steel Ltd already covering 100% of their product ranges.Read more

India needs more domestic mobile phone manufacturers; ICEA chairman

Government policies have been instrumental in this growth, the unpredictability stemming from certain actions of enforcement agencies needs to be addressed.Read more

Israel Aerospace Industries opens AeroSpace Services India in New Delhi

Headquartered in Delhi, ASI’s strategically located branches extend its services across the entirety of the Indian subcontinent, reaffirming its commitment to nationwide coverage and customer satisfaction.Read more

Decoding the attempt of a liquidity boost to MSEs

Recently, certain amendments were introduced through the Finance Act 2023 (FA 2023) to enhance financial liquidity for Micro and Small Enterprises (MSE) by indirectly compelling their customers to pay their dues on time. This amendment comes up like a double-edged sword, opine Aishwarya Jaju and Rushabh Bhandari.Read more

Luminous Power Tech advances solar ecosystem, opens new panel factory

With the launch of the state-of-the-art solar panel manufacturing factory, Luminous is the only company with in-house R&D and manufacturing capabilities to design and develop all the components of solar power generation systemsRead more

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