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Sundaram Auto Components' Mysuru plant conferred with TPM Excellence Award

Mysuru plant is one of the 25 manufacturing units globally to bag the honour for 2021Read 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

Yanmar starts production at new industrial engine plant in India

Yanmar Engine Manufacturing India Pvt Ltd (YEMI) - a part of Japanese firm Yanmar - has commenced production at its new state of the art industrial engine manufacturing plant located at the Origins Industrial Estate in Tamil Nadu.Read 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

PLI schemes to empower electronic sector

The Government of India has committed nearly $ 17 billion over the next 6 years across four PLI Schemes - Semiconductor and Design, Smartphones, IT Hardware and Components. With global majors adopting ‘China Plus One’ policy, PLI schemes can help India in filling the market vacuum left by China.Read more

India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more

Budget 2022 - ACMA: Ensure uniform 18% GST on all auto components

Automotive Component Manufacturers Association (ACMA) has recommended enhancement of RoDEPT rates and measures to encourage capital investment in auto component industryRead more

SCHUNK AGE-W combines rotational and angular compensation

Caption for Image - The SCHUNK AGE-W combines rotational and angular compensation. Read more

Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains

The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more

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