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PLI Scheme spurs 500,000 jobs in mobile industry: Minister

Speaking at the inauguration of Padget Electronics' Rs 256 crore smartphone manufacturing facility in Noida, Uttar Pradesh, Ashwini Vaishnaw expressed confidence in the development of the electronic components ecosystem.Read more

India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth

The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more

Ministry to set up Bharat Semiconductor Research Centre, targets global leadership by 2028

Ministry of Electronics and IT will start setting up Bharat semiconductor Research Centre from next year in collaboration with the industry and academia, minister of state Rajeev Chandrasekhar said.Read more

India’s first semi high-speed regional train by Alstom – RAPIDX gets inaugurated

Designed and manufactured in India, the RAPIDX reinstates Alstom’s commitment to Atmanirbhar Bharat with end-to-end engineering, manufacturing and signalling work done in India.Read more

Govt delays new PLI Schemes, assessing effectiveness of exiting initiatives

Top government officials have received diverse feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister.Read more

Adani Group commissions India’s First Transnational Power Project

Adani Group Chairman meets with the Prime Minister of Bangladesh following the full load commencement of Godda plant to supply power to the Bangladesh electricity gridRead more

Maha govt & Gogoro to partner on Ultra Mega Project for Smart Battery Infrastructure

Maharashtra’s Ultra Mega Project offer outlines an eight year phase 1 investment plan that includes more than $500 million investment in manufacturing and $1 billion in smart battery infrastructure.Read more

US-India trade: Set for a Reset

During Prime Minister Narendra Modi’s recent visit to the US many new initiatives were announced by the two countries.Read more

EAM to invest $650 mn to establish EV battery components facility in USA

Epsilon Advanced Materials (EAM), India’s leading battery materials company is looking to power 1 million electric vehicles through its proposed facility in USA. The company commits largest Indian investment in USA’s EV battery industry.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

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