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Temasek in talks to buy Rs 9 billion stake in medical equipment firm Tynor
The person further said that Temasek has bid for an up to 30-35% stake in the company for $100-120 million.Read more
Tata Hitachi to invest Rs 2 billion in manufacturing plants for FY25
The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70% over the next 2-3 yearsRead more
Electronics manufacturing industry to touch $300 billion by 2026-27; Dixon Tech
Dixon Tech is sitting on 50% of India’s android capacity.Read more
60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities
The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more
CEAT appoints Vishal Pawar as Senior Vice President – Global Sales
Pawar began his career at TAFE (Tractors and Farm Equipment Limited). Then, he moved to CEAT and went on to work at Garware Technical Fibres.Read more
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
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
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
Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more