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India's electronic manufacturing services market to reach $72.2 billion by FY27
Government initiatives such as production-linked incentive (PLI) schemes and the Semicon India programme are driving this growth.Read more
Mahindra Auto reports a 17% growth in May 2024
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume; a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.Read more
PM Modi inaugurates Boeing’s largest campus outside USA in Bengaluru, India
Prime Minister Modi advocates for building an aircraft manufacturing ecosystem in India during the inauguration of Boeing's new campus in Bengaluru, highlighting the nation's potential and government's support for the industry.Read more
Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme
The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more
Red Sea crisis threatens India's exports, projected $30 bn decline
The preliminary evaluation, conducted by the New Delhi-based think tank Research and Information System for Developing Countries, implies a 6.7% decline in Indian exports, considering last fiscal year's total of $451 billion.Read more
Bajaj Finance plans to venture into SME, 4-wheelers, tractor financing
During Q1FY24, Bajaj Finance recorded a significant increase, with 79.94 million new loans, representing a 34% growth compared to the previous year.Read more
Manufacturing GVA lags behind despite positive economic indicators
In the first quarter of the preceding fiscal year, it remained stagnant at 17.2 per cent.Read more
New research highlights implementing an Industry 4.0 model could be achieved in a series of steps
A new research paper released by Siemens Financial Services (SFS) titled 'Practical Pathways to Industry 4.0' has identified six key challenges facing manufacturers in the process of moving to an Industry 4.0 model.Read more