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On a fast-track growth

On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more

Indian EV market expected to grow at over 40% CAGR till 2027: Niveshaay

The EV sales volume in India could touch around 3-4 million units by 2025 and 10 million by 2030.Read more

FDI in manufacturing reaches $165 billion; 69% growth over last decade

This sector surge is largely driven by production-linked incentive (PLI) schemes.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

Mitsubishi Electric inaugurates manufacturing plant in Maharashtra

Mitsubishi Electric inaugurates a Rs 2.2 billion manufacturing facility in Maharashtra, India, specialising in advanced factory automation systems, aiming to meet the rising demand across various industries while aligning with sustainable development goals.Read more

The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more

The vision of EV manufacturing industry by 2025

The road to success of electric vehicles will be flawless if the industry is able to eliminate the existing roadblocks and make these vehicles more efficient. By 2025, the electric vehicle (EV) manufacturing industry will have undergone a radical transformation, says Tushar Chhabhaya.Read more

Parson Adhesives offers two-part PU structural adhesive PARBOND

Parson Adhesives has developed PARBOND - a high-performance two-part polyurethane structural adhesive. Read more

Business Environment Set for Growth

The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

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