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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
India's August exports decline, trade deficit at $24.16 billion
Imports also saw a decline of 5.23%, reaching $58.64 billion, down from the $61.88 billion recorded in August 2022.Read more
French syrup company, Monin announces Rs 300 cr investment in India
This substantial investment in Monin India Pvt Ltd will be sourced directly from the family-owned French enterprise.Read more
JCB explores hydrogen engines and export growth in India
JCB aims to manufacture electrolysers, devices that split water into hydrogen and oxygen using electricity, to produce hydrogen for testing their zero-emission backhoe loaders.Read more
Panasonic elevates India as key export hub and targets market expansion
In a substantial move, the company is injecting Rs 300 crores into expanding its Sri City facility, inaugurated in April 2022.Read more
Asia's export powerhouses face manufacturing slump amidst weak demand
According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more
India has moved up with two spots in machine tool production worldwide
Indian Machine Tool Manufacturers' Association (IMTMA) is the apex industry body for the machine tool sector in India. Rajendra S Rajamane, Vice President, IMTMA in this interview talks about the production growth and export achievements of Indian Machine tool industry. Indian machine tool production has reached around Rs 11,956 crore in FY23, he mentioned during the interview.Read more
India’s pathways to automation in manufacturing
Automation Expo 2023 in Mumbai recently created the opportunity for the companies to demonstrate their automation solutions at the display. Ayushi Khandelwal reports on how Indian companies are taking different paths in enabling the automation on the shop floor grounds of different industries.Read more
Hikrobot launches four new machine vision products at Automation Expo
Hikrobot’s newly launched products included, AI smart camera based on a high–performance embedded platform (MV-SC6000), Built–in deep learning code reading algorithm (MV-ID3000XM), New Generation of control and processing equipment for visual inspection (VC2000/VC3000 Controller) and Hand Held Smart Code Reader (IDH3013).Read more