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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

Hanif Qureshi proposes scheme to boost EV adoption, manufacturing in India

On 13 March, 2024 Prime Minister Narendra Modi government unveiled the Electric Mobility promotion Scheme (EMPS) 2024, with a focus to encourage the purchase of electric two-wheelers (e2W) and three-wheelers (e3W) in the countryRead more

India's industrial output up by 3.8% in January

The major boost to manufacturing came from motor vehicles, trailers and semi-trailers, transport equipment as well as furniture, which may be linked with performance of the housing sectorRead more

Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme

The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more

India eyes duty concessions on EVs through bilateral FTAs, ruling out Across-the-Board cuts

The preference for FTAs arises from the challenge of implementing a uniform duty cut for all companies, making bilateral agreements more viable.Read more

Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors

It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more

Apple's 'Make in India' triumph, exceeds Rs 600 bn iPhone assembly target in FY24 Q1

The data is sourced from reports submitted by the three key vendors—Foxconn, Pegatron, and the recently acquired Wistron by the Tatas—to both the central and state governments.Read more

PLI scheme: Need for a course correction

The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more

Ministry of Heavy Industries champions localisation for global manufacturing hub

The Union Minister underscored the pivotal role of high-quality and advanced localisation in positioning India as a prominent global supplier.Read more

India's solar manufacturing capacity set to surge, aiming for 100 GW by 2025

According to a report by rating agency ICRA, India's solar photovoltaic (PV) module manufacturing capacity is anticipated to surge to over 60 GW by 2025, up from the current 37 GW.Read more

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