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Trump victory raises optimism in India's chemicals, textiles sectors
According to Chemexcil, India’s chemical exports to the U.S. reached $2.86 billion in 2023-24, though this marked a 26% decrease from the previous year.Read more
MAGIC selected for DPIIT's Startup India Manufacturing Incubator Initiative
This initiative aims to fuel innovation within India's manufacturing sector, creating new opportunities for manufacturing-focused startups.Read more
India's exports set to exceed $800 billion this fiscal year: A Sakthivel
He highlighted that the establishment of 12 new industrial cities would further stimulate domestic manufacturing, while the success of the Production-Linked Incentive (PLI) scheme has bolstered the manufacturing sector. Read more
EEPC targets $300 billion in exports by 2030; Shows vision for New India: Goyal
The Minister also acknowledged EEPC’s contributions across various sectors, including mobility, capital goods, and steel, noting that the council has been pivotal in building national engineering capabilities.Read more
Sig Sauer to manufacture 73,000 assault rifles by 2025 for the Indian Army
Sig Sauer also plans to increase the proportion of locally manufactured components, integrating more Indian technology and materials into its products.Read more
Climaveneta to invest Rs 4 billion in Bengaluru facility expansion
CCT, a leading chiller manufacturer with an order book exceeding Rs 5 billion, aims to double its annual order intake and achieve Rs 10 billion in revenue within the next four to five years.Read more
Cummins India releases Q3 FY24-25 results- PAT stands at Rs 4.51 billion
Total sales for the quarter at Rs 24.48 billion higher by 31% compared to the same quarter last year and higher by 8% compared to the previous quarter.Read more
INOX secures contract from Highview Power, UK for world's largest LAES project
This is the first instance of cryogenic tanks being used at industrial scale for clean energy storage.Read more
Trump victory may boost prospects for Indian manufacturers and exporters
Market experts suggest Trump’s return could indirectly benefit Indian businesses in manufacturing and exports, particularly through factors like increased tariff restrictions on China and continued global supply chain shifts.Read more
Sterling Tools partners with GLVAC to boost EV component manufacturing in India
With an expected business impact of Rs 2.5 milllion by FY30, the venture involves an investment of around Rs 400 milllion to establish a new production facility in Bengaluru.Read more