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India to offer $2.2 bn incentives for manufacturing growth in six sectors

This initiative forms part of India's 1.97-trillion-rupee production-linked incentive scheme (PLI), which was inaugurated in 2020. Among the six sectors poised to join the PLI scheme are toys, bicycles, leather, and footwearRead more

Govt plans PLI Scheme updates, boosting sectors like pharma, drones, textiles

Additionally, the official disclosed that the disbursement of PLI incentives for white goods, including air conditioners and LED lights, is set to commence this month.Read more

Green Hydrogen: A game-changer in the clean energy landscape

Global collaboration on the production and supply of green hydrogen is expected to be a key topic at the G-20 summit in New Delhi this week.Read more

ONDC initiative boosts four key sectors: Deloitte report

Open Network for Digital Commerce (ONDC) is an initiative spearheaded by the Ministry of Commerce and Industry with the aim of establishing a supportive framework to empower small retailers in leveraging digital commerce.Read more

India has great potential to supply electronics products to European, North American markets

SLN Technologies is an electronic systems design and manufacturing company. The company specialises in developing electronic systems for aerospace and defence industry sectors. The company is looking to upgrade its SMT line with 3D Solder Paste Inspection, says Anil Kumar Muniswamy, Founding Managing Director, SLN Technologies in this interview.Read more

NORD sees good opportunities in end user sectors in India

In this interview, Dhanraj Kalbhor, MD, NORD Drivesystems Pvt Ltd, elaborates on the importance of drives in improving the efficiency of the overall system and the company’s plans for India.Read more

Innse-Berardi to present advanced solutions for AM

At IMTEX 2023, Innse-Berardi will display its advanced solutions for additive (AM) and subtractive manufacturing for aerospace, defense, energy and all heavy industrial sectors.Read more

Warburg Pincus acquires majority stake in Imperial Auto

Stone Plant Investments B.V., an affiliate of Warburg Pincus (a leading global private equity firm), has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. EY acted as the sole financial advisor to Imperial.Read more

PLI scheme to account for 13-15% capex in key sectors

Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.Read more

Rajesh Bhandari: Machine tool industry to diversify into other sectors

New market avenues have opened up such as aerospace and defence. Read more

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