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All set to scale new heights

India’s merchandise exports crossed $ 400 billion (approximately Rs 30.44 trillion) on March 21, 2022 (10 days ahead of the closure of FY2021-22), according to Piyush Goyal, Union Minister of Commerce and Industry.Read more

PLI scheme helps auto part makers ride the EV boom

A slew of policy measures - PLI schemes (for auto OEM & auto component), extension FAME 2, etc - in the recent past will create more opportunities in electric vehicle space. Auto component players seem to be all geared up for a new paradigm in the market, says Rakesh Rao.Read more

CRISIL: PLI scheme to lead to capex of Rs 2.5-3 trn

Production Linked Incentive (PLI) scheme has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 trillion. The nine sectors have an export potential of Rs 11 trillion.Read more

Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

Indian Govt approves 75 auto component makers for incentives under PLI Scheme

Ninety two auto component manufacturers had applied for the scheme, which has sanctioned outlay of Rs 26,000 crores for the automotive sectorRead more

Vedanta and Foxconn ink pact for manufacturing semiconductors in India

Vedanta Group and Hon Hai Technology Group, world’s largest electronics manufacturing company, has signed an MoU to form a joint venture company that will manufacture semiconductors in India.Read more

PLI scheme is a clear gamechanger for electronics sector

PG Electroplast, electronic components, Vikas Gupta, Promod Gupta, AC Component, PLI scheme, plastic components, washing machines, air conditioners, air coolers, LED televisions, plastic moulded components, electronic manufacturing services, Rakesh RaoRead more

Atmanirbhar Bharat Mission to bolster indigenous manufacturing

The adoption of new technology-based solutions is expected to bring the much-needed transformation in the manufacturing sector, thus making the sector a bigger participant in the development of Indian economy. The pandemic has turned the focus towards becoming self-reliant by emphasising on local manufacturing, which, according to Ashish Dhakan, will be the key to India’s survival; thus, giving a major boost to the Indian manufacturing sector.Read more

Sparr Electronics plans to scale up production capacity

As a manufacturing of electronics and communication products, Sparr Electronics offers a strategic partnership with solution providers or software automation companies to address the various hardware challenges. Read more

We will add power generation boilers in our product line

The demand for Radiant Thermal Engineers’ products is at an all-time high with generation and better distribution of energy becoming a matter of prime importance today. Here, Kamlesh Rathore and Sanjay Sharma, Directors of Radiant Thermal Engineers, provide insights into their company and the road ahead.Read more

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