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DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
Agriculture production giant CNH India rolls 700,000 tractors in Greater Noida
Currently, the Greater Noida plant manufactures tractors, engines, Power Take Offs (PTOs), and axles for the domestic market and exports to over 75 countries across Asia, Africa, the Middle East, Australia, and North America.Read more
L&T to invest $50-60 billion in O2C & petrochemical projects in the Middle East
L&T is seeking potential joint ventures with other engineering, procurement, and construction (EPC) companies for these significant projects.Read more
China tightens rules for solar PV manufacturing
It increases the minimum capital ratio required for new construction and expansions in the photovoltaic sector to 30%, up from previous requirements of 30% for polysilicon projects and 20% for other PV manufacturing projects. Read more
PPDS to expand global manufacturing operations to India
This development, celebrated at a special opening event on 21 June 2024, is the latest example of PPDS’ global ‘local for local’ strategy, aligned with the Government of India’s ‘Make in India’ initiative.Read more
BEL wins €25.75 million order from TRDS for TR module production
It also announced additional orders valued at Rs 1.92 billion for communication equipment, encryptors, spares, and services for radars and fire control systems, bringing its total orders for the current financial year to Rs 52.25 billion.Read more
May-24 IIP received manufacturing boost to 5.91%
The trends in mining, manufacturing, and electricity have fluctuated over the past few months. Read more
EV startup River to open Rs 10 billion manufacturing facility in Telangana
The company has already invested about Rs 2.5 billion in its R&D facility and leased factory in Bengaluru, which has a capacity of 100,000 units per year.Read more
Govt expected to relax 45-day payment rule for MSMEs in upcoming Budget
MSMEs have raised concerns that this provision could lead large buyers to avoid MSME suppliers, opting instead for non-MSMEs or those not registered with Udyam. Read more
India to boost funding for energy efficient technologies for MSMEs
Some of these technologies could include automation and control systems for optimal resource utilisation and loss reduction, combustion control systems for boilers, pocket ventilation systems, air-dyeing technology, and methane capture technology, among others. Read more