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PLI scheme to account for 13-15% capex in key sectors
Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.Read more
CRISIL: PLI scheme to lead to capex of Rs 2.5-3 trn
Production Linked Incentive (PLI) scheme has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 trillion. The nine sectors have an export potential of Rs 11 trillion.Read more
Indian Govt approves 75 auto component makers for incentives under PLI Scheme
Ninety two auto component manufacturers had applied for the scheme, which has sanctioned outlay of Rs 26,000 crores for the automotive sectorRead more
Aerotech introduces AGV-XPO two-axis laser scan head
Aerotech Inc, a global leader in precision motion control and automation, has released the AGV-XPO, a high-dynamic, two-axis laser scan head that combines low-inertia, high-efficiency motors with ultra-high resolution position feedback and optimised structural dynamics to deliver rapid acceleration profiles and excellent part-profile tracking with minimal following error.Read more
Numaligarh Refinery adopts AspenTech software for digitalization
Numaligarh Refinery Limited (NRL) has chosen to partner with Aspen Technology Inc (AspenTech), a global leader in asset optimisation software, in NRL's digitalization journey, in pursuit of operational excellence via proven innovation.Read more
Manufacturing at an inflexion point
Today, India is ranked as one of the leading exporters of pharmaceuticals supplying not just to developing countries but also to developed markets such as US, Japan, EU, etc. Read more
Alstom in India to add 15% to its talent pool in 2022
The company heavily invests in nurturing and training talent across levels, from young graduates to engineering experts to senior leaders who are contributing to smart and sustainable mobility.Read more
Elektrocraft plans to launch more sustainable products
As Laboratory equipment play a major in various industries like pharma & chemical industries, food processing, healthcare, etc.Read more
Gleason machines increase efficiency of large gear production
The new Phoenix 500C Bevel Gear Cutting Machine is highly productive solution for larger gears - cutting cycle times, ensuring precision, driving down cost and making life easier for operators and maintenance.Read more
Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23
In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.Read more