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Piyush Goyal optimistic about India's $2 tn export goal by 2030
Speaking at the inauguration of Patsan Bhavan in New Town, Kolkata, housing the Jute Commissioner's office, and the headquarters of Jute Corporation of India, Goyal acknowledged the complexities of the global situation.Read more
Gujarat inks $1.5 bn green hydrogen deals with Torrent Power, Erisha eMobility
Torrent Power has committed to constructing a green ammonia facility valued at 72 billion rupees as part of its broader initiative to invest 470 billion rupees in power projects within the state.Read more
VinFast chooses Tamil Nadu for global ev manufacturing hub in India
Sources familiar with the matter revealed that the top management of VinFast, led by Chairman Ph?m Nh?t V??ng, is expected to visit India soon to finalise a Memorandum of Understanding (MOU) with the Tamil Nadu government.Read more
Piyush Goyal upbeat on India's export outlook despite global slowdown
Goyal highlighted the noteworthy achievement of India's goods and services exports, surging from $500 billion two years ago to an impressive $776 billion in 2022-23.Read more
Xiaomi India considers local tablet manufacturing amid IT hardware import restrictions
This initiative aligns with India's Make in India program, aiming to bolster investment and entrepreneurship in the fifth-largest global economy.Read more
Global geared products market anticipates slowdown; India to prop up revenue
Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more
China surges as top buyer of Indian Iron Ore, driving exports to record levels
Iron ore serves as a crucial feedstock, primarily utilised by China in steel production. Interestingly, India competes with China globally in the market for finished steel products such as hot rolled coils.Read more
Apple explores diversified manufacturing in India, discusses partnerships beyond China
Presently, Tata Electronics stands as Apple's sole vendor in India, with plans to double its casing facility.Read more
Electronics exports soar 24%: Climbs to 5th place in India's Top 10
The electronic goods category is now only $200 million away from claiming the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.Read more
EKA Mobility secures $100 mn Investment for EV Manufacturing in India
Under the agreement, Mitsui and VDL will jointly invest approximately Rs 830 crore in EKA Mobility, acquiring 'significant' minority stakes. The funds will be allocated to expand research and development efforts and increase manufacturing capabilities.Read more