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60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities
The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more
Altair inks pact to buy Metrics Design Automation Inc.
The DSim, combined with Altair’s silicon debug tools, will deliver superior simulation and debug capabilities in the EDA and semiconductor space.Read more
Interest subsidy scheme for exporters extended 2 months for MSME sector
The two-month continuation of the scheme for the MSME sector comes with an outlay cap of Rs 7.5 billion, while all other terms and conditions remain the same.Read more
US tariffs on China causing container and space shortages; India scrambles
US tariffs on Chinese goods come into effect from August 1.Read more
Under PLI scheme at least six of eight sectors to switch to quarterly disbursals
DPIIT is planning to hold the next stakeholder review after the budget announcement for 2024-25.Read more
How to build India’s global manufacturing capabilities?
The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.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
EV import scheme can affect Hyundai’s business
This policy will enable foreign OEMs to set up manufacturing bases in India, and also enter the domestic sales market, which will also intensify competition in the industry.Read more
Super Screws and Mitsuchi Corporation to manufacture cold forged parts in India
The new venture will set up a manufacturing plant in India to produce and distribute high-quality cold forged parts, catering to both the Indian market and global exports. Read more
Increased scrutiny by US FDA: A boon or bane Indian pharmaceutical sector
Even with the surge in USFDA-approved manufacturing sites in India, the proportion of Official Action Initiated (OAI) observations by the USFDA has stayed consistent at 10% of total inspections in CY23. Read more