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MCE component localisation levels to rise 70% in 5-7 years; ICRA

The Indian mining and construction equipment (MCE) industry is the third largest in the world in terms of volumes sold, however, it imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others.Read more

Danfoss plans Rs 500 Crore Investment in India for localization, expansion

The company, which helps its customers to decarbonise their businesses, has identified 4-5 areas for localisation in order to take advantage of opportunities in the energy transition spaceRead more

Ministry of Heavy Industries champions localisation for global manufacturing hub

The Union Minister underscored the pivotal role of high-quality and advanced localisation in positioning India as a prominent global supplier.Read more

Indian govt considers exempting key EV components from localisation norms

However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more

India's E-scooter startups struggle amidst localisation challenges

A significant setback has emerged as several of these startups face criticism for importing parts from China instead of sourcing locally.Read more

Asus boosts Make-In-India with key manufacturing shift from China to India

With a market valuation of $15 billion, Asus is aggressively expanding its production operations in India, leveraging the government's PLI scheme.Read more

We took proactive role in supporting customers with localisation initiatives

Lee Spring Company produces and globally distributes mechanical springs, wire forms, stampings, and multi-slide parts. Janardhana Ramaswamaiah, Managing Director, Lee Spring Company in this interview tells that Indian mechanical spring’s market reflects consistent growth, propelled by the expanding industrial and manufacturing sectors.Read more

Danfoss India is looking for 90% localisation for its products

Danish multinational, Danfoss completed its 25 years in India. In this interview with Pratap Padode, Founder & Editor-in-Chief of Asapp Info Global Group (the publisher of Industrial Products Finder magazine), Ravichandran Purushothaman, President, Danfoss India, shares the company’s future plans and importance of BOCK acquisition for the company. Read more

The vision for a new Indian supply chain

The vision for a new Indian supply chain Read more

Auto industry: Localisation movement needs government support

While there has been huge pressure on automakers and even component suppliers to manufacture fuel efficient vehicles and additionally meet the new challenges of the changing regulations for ICE vehicles, industry is hoping for a support from the government. On one hand it is developing EV ecosystem and on the other the industry meeting new regulatory challenges that government is imposing based on the Paris Pact. Import bans are another issue for component supplies. This makes it mandatory for IRead more

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