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Indian exporters navigate global shipping challenges amidst Red Sea conflict

Dr Ajay Sahai, the DG and CEO of the Federation of Indian Exporters Organisation urged for local production of corrugated steel, a component not presently manufactured in India, through backward integration.Read more

Tiger logistics secures BHEL contracts for comprehensive logistics services

The company will now be responsible for managing import and export operations by sea, offering services such as custom clearance, forwarding, handling, transportation, and warehousing services to BHEL.Read more

MIDHANI elevates global presence, pioneering critical aerospace materials

This move is particularly significant as India aims to finalise a deal with US-based GE Aerospace for the domestic manufacturing of F414 fighter jet engines.Read more

Foxconn partners with HCL Group for Chip Venture in India

This venture, referred to in the industry as OSAT (Outsourced Semiconductor Assembly and Test), follows Foxconn's withdrawal from a previous joint venture with India's Vedanta in July.Read more

India's medical device imports surge by 21%, sparks calls for policy re-evaluation

The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more

RE Minister inaugurates IEEMA exhibition, conference BID -2024 in Mumbai

There is a huge market for manufacturers of electricity sector in the country says RK Singh. Read more

Tata Passenger Electric Mobility commences production at new facility in Gujarat

This event marks a significant milestone for the company and was celebrated with the roll-out of the first Tata branded car from this world class facility.Read more

Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai

The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more

India emerges as key alternative in China-Plus-One manufacturing strategy

According to a survey of Chief Executive Officers (CEOs), nearly 53% anticipate that India will emerge as an alternative manufacturing destination to China.Read more

STUKEN expands operations in South East Asia, chooses Pune for new production site

The company aims to initiate deep-drawn parts production in India by 2025.Read more

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