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Indian Footwear Industry eyes $90 bn market by 2030 with strategic measures: Report

The current valuation of the Indian footwear market stands at $26 billion, and the GTRI anticipates it reaching $90 billion by 2030.Read more

Dixon Technologies: Scaling heights in global electronics manufacturing with PLI

Despite catering to Taiwanese and Chinese clients, Dixon strategically aligns itself with the Indian government's policy through both contracts falling under the revamped production-linked incentive (PLI) scheme for IT products.Read more

Ministry launches MedTech Mitra to propel growth in medical devices industry

Minister Mansukh Mandaviya, inaugurating the platform virtually, expressed confidence in the potential for India's medical devices industry to reach $50 billion by 2030.Read more

Adding new dimension to manufacturing

When the Indian Space Research Organisation (ISRO) was looking to procure spacecraft’s grid-fins for its Gaganyaan mission, India’s first human space mission that is scheduled for a launch in 2024, it turned to a Bengaluru-based aerospace component maker that uses additive manufacturing (3D printing) technology. Read more

Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders

Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more

Northvolt unveils Sodium-Ion Battery, Paves way to sustainable energy transition

The World Bank Group's 2023 report on Challenges and Opportunities underscores the water intensity and potential environmental impacts of lithium extraction, driving the search for alternatives like sodium-ion batteries.Read more

India's 2023 exports decline 5.3%, electronics shines amid challenges

According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more

New York state invests $10 bn in semiconductor research facility

The project, overseen by the nonprofit NY Creates, will take place at the Albany NanoTech Complex and will involve the acquisition of advanced chip-making equipment from the Dutch company ASML Holding.Read more

Chinese researchers predict circular economy in EV Batteries by 2059

According to scientists from the University of Mnster in Germany, China is expected to accomplish this milestone from 2059 onwards by recycling batteries to meet its primary lithium demand for electric vehicles.Read more

Circular economy for sustainability

For the circular economy to succeed there must be some value addition. While it is clear that most, if not all, companies will have to practice elements of CE in the near future, if not already doing so, says R Jayaraman.Read more

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