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Niti Aayog member Virmani encourages Chinese investment to push local production

China's FDI in India has been minimal, with only 0.37% of total FDI equity inflows from April 2000 to March 2024. 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

Critical EV components to be localised by 2030

Achieving 100% localisation in India is not feasible due to the scarcity of certain rare earth materials, limited lithium-ion mining, and low levels of electronics manufacturing.Read more

Slow local demand & sluggish export growth heavily affect Chinese manufacturing

The US’ ‘decoupling’ with the Chinese supply chain is having notable impacts on China’s manufacturing industry, as some related companies are relocating or duplicating supply chains outside of China.Read more

India’s L&T subsidiary opens valve manufacturing unit in Saudi Arabia

This strategic move is impeccably aligned with the objectives outlined in the Saudi Vision 2030 and the In-Kingdom Total Value Add (iktva) initiative, actively fostering the creation of a local value chain and facilitating the development of skill enhancement programs.Read more

Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing

Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.Read more

Honeywell Automation India Limited appoints Atul Pai as MD

The company offers a broad range of products in environmental and combustion controls, sensing and control, and provides engineering services in automation and control to clients worldwide.Read more

Hyundai Motor and Kia partner with Exide Energy for EV battery localization

Partnership with Exide Energy enables Hyundai Motor and Kia to equip future electric vehicles in the Indian market with locally produced lithium iron phosphate (LFP) batteriesRead more

Danfoss plans Rs 500 Crore Investment in India for localization, expansion

The company, which helps its customers to decarbonise their businesses, has identified 4-5 areas for localisation in order to take advantage of opportunities in the energy transition spaceRead more

Evolving Manufacturing Trends: A Glimpse into 2024

Traditional manufacturing methods are being redefined by the rise of smart factories. By 2024, these establishments will have integrated systems, artificial intelligence (AI), and the Internet of Things (IoT) in place to coordinate smooth, self-sufficient operations, says Frans Van NiekerkRead more

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