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New scheme to strengthen India’s medical device industry to launch soon
Additionally, the Union Cabinet's approval of the National Medical Devices Policy last April is expected to further drive growth in the sector.Read more
FDI in manufacturing increases by 76% due to PLI Schemes
PLI Schemes contribute to increase in production, employment generation, and economic growth. Rajesh Kumar Singh, Secretary, DPIIT made announcement on the significant achievements due to PLI in India.Read more
Greaves Cotton to acquire motion control systems maker Excel Controlinkage
The engineering company Greaves Cotton took 100% equity stake of cable manufacturers Excel Controlinkagein possession. The acquisition made for Rs 385 crores will enhance Greaves’ electronics capabilities, international footprint and expand fuel-agnostic powertrains.Read more