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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

EV industry wants incentives and tax rationalisation from budget

India's EV industry is hoping for the introduction of the FAME- III scheme, allocation of funds for public charging infrastructure, incentives for localising components, and a reduction in GST on EVs.Read more

Textile-leather industry hopes for revised inverted duty structure in new Budget

An inverted duty structure discourages domestic manufacturing by imposing higher import duties on raw materials and intermediate goods compared to finished products. Read more

Electronics manufacturing industry to touch $300 billion by 2026-27; Dixon Tech

Dixon Tech is sitting on 50% of India’s android capacity.Read more

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