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Auto component sector forecasts moderate growth in FY 2024
Small and medium enterprises (SMEs) in the auto component sector are anticipating a more moderate 8-10% growth in the fiscal year 2024.Read more
Global Machine Tools Sector: State of Play and Tackling New Challenges
Representatives from machine tool associations – whose manufacturers account for more than 80% of the global machine tool production, gathered at the world’s leading trade fair, EMO Hannover 2023, to demonstrate their resilience and strength in the face of a wide range of global challenges.Read more
Global pollution control equipment market surges with regulatory push
Pollution tech market is soaring with eco-friendly innovations. Leading companies drive change for a cleaner planet.Read more
India triumphs in Global Manufacturing, BCG Study Reveals
A BCG study titled 'Navigating the Transformative Shifts in Global Manufacturing’ revealed a remarkable surge of $23 billion in exports to the US, a staggering 44% increase from 2018 to 2022.Read more
Indian auto component exports at risk amid UAW Strike in the US
Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more
Jindal SAW, Hunting Energy unveil $25 million OCTG plant in India
In the framework of this collaboration, the joint venture entity, known as Jindal Hunting Energy Services (JHESL), has invested more than $25 million to establish an Oil Country Tubular Goods (OCTG) threading plant located in Nashik.Read more
Indian premium lighting industry targets 100% domestic value addition
Anticipating a surge in demand, the industry aims to double the level of localisation over the next three years.Read more
Sterlite invests $56 million in US fiber facility, targets 10-12% market share
This facility will also serve as the company's North American headquarters, marking a significant milestone for Sterlite.Read more
First Solar commences production at Indian Plant with $684 mn investment
The American company, First Solar that is establishing its inaugural manufacturing facility in India near Chennai, at Sriperumbudur, has initiated production.Read more
India imposes anti-dumping duty on Chinese Steel amid Surging Imports
China managed to surpass South Korea to become the largest steel exporter to India, selling 0.6 million metric tons between April and July.Read more