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RINL’s Vizag Steel struggling; needs financial aid
India aims to produce 300 million tonnes of steel annually, and increasing Vizag Steel’s output is seen as a vital contribution to this goal.Read more
Labour Officials visit Foxconn iPhone plant over alleged discriminatory hiring
Foxconn has denied allegations of employment discrimination based on marital status, gender, religion, or any other form. Read more
Indian smart manufacturing firms witness rise in cyber-attacks
One of the key factors contributing to poor security among Indian firms is the continued use of older platforms.Read more
Temasek in talks to buy Rs 9 billion stake in medical equipment firm Tynor
The person further said that Temasek has bid for an up to 30-35% stake in the company for $100-120 million.Read more
CEAT appoints Vishal Pawar as Senior Vice President – Global Sales
Pawar began his career at TAFE (Tractors and Farm Equipment Limited). Then, he moved to CEAT and went on to work at Garware Technical Fibres.Read more
KEC International revieves new orders worth Rs 10.17 billion in T&D and renewables
The business has also secured orders for EPC project and supply of towers in the Middle East.Read more
India's 45% of EV sales from South India
The report also revealed that over 123,000 units of battery electric vehicles are likely to be sold in India by end of 2024.Read more
43% Indian MSMEs to increase digitalisation budget
Vi has launched an enhanced Digital Assessment Tool, both in English and Hindi as an extension of its dedicated MSME program.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
MSMEs are poised to play major role in India’s economic growth: Milind Barapatre
In this interaction with Rakesh Rao, Milind Barapatre, IEDS, Joint Director & Head of Office, MSME- Development & Facilitation Office (DFO), Mumbai, explains various pain-points of the industry and the role played by his organisation to facilitate the growth of MSMEsRead more