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Imports of medical device surged in India in fy23-34 to Rs 688.85 billion

This marks a 13% increase, with disposables accounting for nearly 17.6% of the growth.Read more

OPC UA: The language of Industry 4.0

Industry 4.0, which links the IT (Information Technology) and automation systems, requires many machines and devices to communicate with each other for seamless operation. OPC UA, an information architecture designed to enable interoperability between industrial components, is considered to be a perfect tool for building interoperable Industry 4.0 systems, says Rakesh Rao. Read more

Auto component industry sees 9.8% rise with Rs 6.14 trillion trade surplus

Domestic component supply to original equipment manufacturers (OEMs) grew by 8.9% to Rs 5.18 trillion, with the electric vehicle (EV) manufacturing sector accounting for 6% of total component production.Read more

Texmaco Rail acquires Jindal Rail Infra for Rs 6.15 billion

This acquisition, the largest in India’s rolling stock industry, will significantly enhance Texmaco’s manufacturing capacity, establishing it as the country's largest wagon producer.Read more

Electrical event ELECRAMA kicks off roadshow in Chhattisgarh

This roadshow marks the beginning of a series of events leading up to the main exhibition, highlighting the latest advancements and innovations in the electrical sector.Read more

Will Budget 2024-25 benefit the manufacturing industry?

The manufacturing sector is crucial for job creation, export growth, and overall economic development. Read more

Union Budget bolsters the manufacturing industry and MSMEs

MSMEs contributed 35.4% to all-India manufacturing output in FY 22, and MSME-made products accounted for 45.7% of exports in FY 24.Read more

DPIIT raises $1.4 billion in tyre investments from global players

The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more

GOI to implement equal 5% GST on all aircraft and engine parts to boost industry

The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more

China tightens rules for solar PV manufacturing

It increases the minimum capital ratio required for new construction and expansions in the photovoltaic sector to 30%, up from previous requirements of 30% for polysilicon projects and 20% for other PV manufacturing projects. Read more

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