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State oil companies are investing in petrochemical; despite facing oversupply
The aim is to boost the production of essential chemicals used in plastics, paints, and other industrial applications, which have historically been imported from countries like China.Read more
GOI tightens disclosure norms for domestic solar manufacturers
This directive, issued via a notification on August 7, requires companies to self-certify as producers of indigenous solar components.Read more
Dixon advances joint venture talks with several electronics component firms
The initiative aligns with the government’s efforts to incentivise domestic manufacturing across 12-15 component categories to enhance local value addition.Read more
SIAM hosts 10th automotive logistics conclave on enhancing automotive logistics
The conclave explored the most recent advancements and strategies that are expected to influence the future of the automotive logistics sector in India.Read more
No PLI proposals for shipping container manufacturing; GOI
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more
Tyre manufacturer Continental might spin off automotive-electronics division
The potential move is aimed at enhancing flexibility and allowing the company to adapt more effectively to dynamic market conditions and the evolving software-driven technology landscape.Read more
Kobelco Construction India launches SK80 Excavator
The company operates a manufacturing facility in Sri City, Andhra Pradesh, approximately 110 km from Chennai, where it produces excavators and cranes. Read more
GOI launches E-platform to connect exporters, MSMEs with stakeholders
The trade connect e-platform will offer valuable information on global trade events, the benefits of India's free trade agreements (FTAs), and other international trade data.Read more
IIT Madras receives biggest donation of Rs 2.28 billion from Krishna Chivukula
In recognition of his generosity, IIT Madras has named a new academic block the Krishna Chivukula Block. Read more
India's composite PMI falls to 60.7; depicts healthy economy
While global manufacturing faces headwinds, India’s economic sectors, particularly manufacturing and services, continue to demonstrate significant growth and resilience.Read more