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Budget 24-25: 12 ‘plug & play’ industrial parks to be created under NICDP
The Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. 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
Lip-Bu Tan to be advisor for Yali Capital; India’s first deep-tech venture fund
The next step for India should be to design and build its own products and create its own homegrown semiconductor brand.Read more
Air Liquide India builds Rs 3.5 billion manufacturing facility in Mathura
Air Liquide India is a significant supplier of industrial gases to hospitals and various industries from its production facilities located in northern and western regions of India. Read more
JSW Group, MSRIT and SHARIKA to open Centre of Excellence lab in Bengaluru
The Centre of Excellence will provide a platform for learning, training, and development through the JSW Centre of Excellence.Read more
Volvo: Despite fluctuations, EVs to be the future
In India, 27,300 electric cars were sold in the first quarter of 2024-25 with no year-on-year growth, while hybrid car sales increased by 38% to 22,300 units.Read more
Dow India bags two awards from Great Place To Work
The recognition in this category reflects the significant strides made over the years as a collective group in building growth, resilience, and stronger culture in the workplaceRead more
NSK Steering Systems to be renamed Rane Steering Systems after RHL buy out
Despite the change in ownership, the company will maintain its existing technology license and supply agreements with NSK Steering & Control, Inc.Read more
Critical EV components to be localised by 2030
Achieving 100% localisation in India is not feasible due to the scarcity of certain rare earth materials, limited lithium-ion mining, and low levels of electronics manufacturing.Read more
Beumer Group sets up Rs 2 billion production site in Reliance MET City
Laying of the foundation stone took place on 27 June 2024, with representatives of Beumer Group and Reliance MET City attending the ceremonyRead more