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Foxconn partners with HCL Group for Chip Venture in India
This venture, referred to in the industry as OSAT (Outsourced Semiconductor Assembly and Test), follows Foxconn's withdrawal from a previous joint venture with India's Vedanta in July.Read more
India's medical device imports surge by 21%, sparks calls for policy re-evaluation
The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more
Micron, NAMTECH forge alliance to fuel India's semiconductor industry growth
The MoU signing occurred at the Vibrant Gujarat Summit in the presence of Ashwini Vaishnaw, Union Cabinet Minister for Railways, Communications, Electronics, and Information Technology.Read more
Shakti Pumps surges 5% as 10th patent revolutionises RO industry efficiency
The latest patent, granted by the Patent Office of the Government of India under the Patents Act of 1970, marks a milestone for Shakti Pumps in the realm of fluid technology.Read more
MOLDEX India and FASTNEX aim to fuel growth of moulding and fastener industry
The two events – to be from January 19-23, 2024 at BIEC, Bengaluru - are aiming to fuel the growth of an estimated $ 6.5 billion moulding and $ 7.5 billion fastener and fixing industry in IndiaRead more
Navigating sustainable injection moulding
With the demand for injection-moulded products, especially in the medical devices sector, set to surge between 2023 and 2030, the industry faces a pivotal challenge — balancing cost-effectiveness with environmental responsibility, says Hemant Minocha.Read more
Steel Industry urges govt action to stem rising imports in interim budget
The steel ministry is reportedly assessing the feasibility of implementing World Trade Organization (WTO)-compliant policy measures if steel dumping is identified, primarily from China and select Southeast Asian countries.Read more
Bharat Forge clinches coveted CII Industrial Innovation Award 2023
Bharat Forge recognised for pioneering technological advancements across automotive and defence sectors.Read more
Green manufacturing using ‘Circular Replenishment Chains’ model
Circular Replenishment Chains’ (CRC) are chains of industries which consume each others wastes, to produce finished products and services for consumption. Operating under the CRC framework will lead to greater transparency, lower costs, speedier deliveries, more milk runs, and a higher safety level, says R Jayaraman.Read more
Indian Footwear Industry eyes $90 bn market by 2030 with strategic measures: Report
The current valuation of the Indian footwear market stands at $26 billion, and the GTRI anticipates it reaching $90 billion by 2030.Read more