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India Set to Launch Rs 1 Trillion Fund to Strengthen R&D, Innovation Ecosystem

This initiative aims to foster a private sector-driven research and development environment in the country, further enhancing India’s position as a global leader in innovation and technological advancement.Read more

SiCSem Breaks Ground for India’s First Silicon Carbide Semiconductor Plant in Odisha

SiCSem has commenced the construction of India’s first end-to-end silicon carbide (SiC) semiconductor production facility in Odisha, with an investment of Rs 20 billion.Read more

NavPrakriti Opens East India’s First Lithium-Ion Battery Recycling Plant

NavPrakriti’s plant focuses on the recovery of aluminium and copper with various intermediary products rich in nickel, cobalt, manganese, and lithium, laying the groundwork for future hydrometallurgical refining.Read more

GST Council slashes rates, eases burden on Indian industries

The GST Council has announced sweeping reforms, cutting rates on food, medicines, insurance, essentials, and industry goods, while simplifying the tax structure to benefit citizens and businesses.Read more

On a fast-track growth

On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more

India-Malaysia to strengthen cooperation in digitalisation, defense and AI

Currently, there are around 185,000 Indian nationals in Malaysia, including both skilled and unskilled workers. Read more

India is redefining its defence manufacturing identity

This trend underscores India’s strengthening role in the global manufacturing landscape, with the defence sector playing a pivotal role.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

Manufacturing Agenda for Modi 3.0

As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?Read more

Indian Warehousing developers rush for land amid shift from China

Businesses in India have traditionally relied on dingy, stuffy low-rise sheds known as godowns for their storage needs, but these are unsuited to the needs of foreign industrial giants whose investment Prime Minister Narendra Modi wants to lureRead more

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