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Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors

It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more

India cracks down on pharma: 76 companies ordered to halt production over poor standards

Show cause notices have been issued to over 75% of these companies, the insiders revealed. Of the samples collected from these manufacturing units, 15.1% have been identified as not meeting standard quality (NSQ) criteria.Read more

Nashik soars as India's new aircraft manufacturing hub

Bengaluru-based state-owned plane maker Hindustan Aeronautics Limited (HAL) is gearing up to activate fresh production lines in Nashik for the indigenous light combat aircraft (LCA) Mk-1A and Hindustan Turbo Trainer-40 (HTT-40) planes.Read more

HPL leads India's chemical revolution with massive investments

HPL is establishing India's pioneer on-purpose Propylene plant based on Olefin Conversion Technology (OCT) and the largest Phenol facility in Haldia, West Bengal.Read more

Tata Motors drives future-ready workforce for EV revolution

Tata Motors has set an ambitious goal of empowering more than half of its workforce with cutting-edge automotive technology expertise within the next five years.Read more

More than half of India?s vehicles will be electric by FY33, Axis Capital Research

A progressive recasting of PLI for battery manufacturing is critical to spur EV battery making in India, concludes Nishit Jalan, Lead Analyst ? Automobiles at Axis Capital Research after a several-months-long study of the evolving global EV battery ecosysRead more

Odisha Govt approves Rs 1 lakh crore investment in nine key projects

Chief Minister Naveen Patnaik granted approval to the projects which promise to create employment opportunities for a substantial workforce of 28,565 individuals across diverse sectors.Read more

Addverb bags Brandon Hall Global HCM Excellence Award

The company earned this prestigious accolade for their innovative "First-Time Manager" initiative, recognised in the "Best Development Program for Frontline Leaders" category.Read more

Embraer SA explores partnership with Indian firms for Defence Transport Aircraft Manufacturing

The firm anticipates announcing its chosen partner by December. He further mentioned that the potential partnership could extend to the production of commercial aircraft.Read more

Hannover Messe 2023 presents digital, sustainable future

With about 4,000 companies (from 63 countries) and 1,100 conference presentations, Hannover Messe 2023 (HM23) showcased innovative manufacturing solutions for a digital, connected, sustainable industry. Over 130,000 visitors had first-hand experience of some of the futuristic technologies that were on the display at the trade fair, says Rakesh RaoRead more

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