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Indian aerospace manufacturers seek global orders; ask GOI for policy push

The surge in orders has prompted global aerospace suppliers to ramp up sourcing from India. Airbus, in particular, is strengthening ties with Indian partners for various functions such as IT, engineering, and production. Read more

India to build small arms manufacturing unit in Sri Lanka; defence collaboration

Sri Lanka could benefit from studying the Indian model and expressed interest in exploring Sri Lanka's own manufacturing capabilities in the defense sector, echoing the sentiment of drawing lessons from India's experience.Read more

India’s L&T subsidiary opens valve manufacturing unit in Saudi Arabia

This strategic move is impeccably aligned with the objectives outlined in the Saudi Vision 2030 and the In-Kingdom Total Value Add (iktva) initiative, actively fostering the creation of a local value chain and facilitating the development of skill enhancement programs.Read more

Demand for warehouse automation boosts amid 'Make in India' push

Economic growth boosts demand for logistics in India, with 13.5 million sq ft leased in Jan-Mar 2024. Tier-I cities saw a 25% increase, Tier II and III cities 20%. Read more

India to become landfill for Chinese products amid US Beijing tariff war; GTRI

These tariffs include a 100% duty on electric vehicles, a 50% duty on semiconductors, and a 25% duty each on electric vehicle batteries originating from China.Read more

Global semiconductors battle deepens between EU & US; $81 billion subsidy surge

The surge in semiconductor spending stems from mounting concerns over China's rapid technological advancements, particularly in key electronic sectors. Read more

India's imports from ASEAN FTA partners; $187.92 billion in FY24

Exports to Asean countries grew from $37.47 billion in FY19 to $41.21 billion in FY24, marking a 9.96 per cent increase. Read more

Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing

Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.Read more

VE Commercial Vehicles announces joint venture with iTriangle Infotech

The joint venture aims to strengthen VECV's surround-service portfolio for Eicher truck and bus customers, enhancing its ability to address the rapidly evolving people and logistics ecosystem in India and select export markets. Read more

Siemens Limited declares CAPEX of over Rs 10 billion

The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more

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