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Component PLI top ask of electronic firms for upcoming Budget
The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.Read more
PLI railway push for local manufacturing of components for Vande Bharat & LHB
The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more
PTC build tech for single crystal & directionally solidified castings production
The company has set up this manufacturing capacity at its Lucknow facility.Read more
Manufacturing activity in India rebounds in June; fastest hiring in 19 years
As a consequence of increases in new order intakes, the rate of job creation was the strongest since March 2005.Read more
Salcomp to invest Rs 18 billion in India operations; triple sales to $3 billion
It is planning to expand the capacities for its new product lines which will include component for handsets.Read more
FSSAI cancels 111 spice producers’ licences manufacturing in India
Most of the revoked licenses belong to small-scale producers from Kerala and Tamil Nadu, with some from Gujarat, Maharashtra, and Madhya Pradesh.Read more
Waaree Energies to secures contract for 900 MW modules for solar power plant
The project located in Jaisalmer, Rajasthan is secured from Serentica Renewables India. Read more
Thales Group & Adani Defence and Aerospace to manufacture 70 mm rockets in India
Recently, Adani Defence and Aerospace also signed a historic agreement with UAE’s Edge Group to create a global platform for defence and aerospace capabilities, further enhancing the technological prowess and reach of Indian defence manufacturing.Read more
DEUTZ signs pact with TAFE for India expansion
The agricultural and construction sector will play a major role in achieving this strong growth.Read more
India's 45% of EV sales from South India
The report also revealed that over 123,000 units of battery electric vehicles are likely to be sold in India by end of 2024.Read more