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Rangarajan alerts against inefficient ‘Import substitution’ in Atmanirbhar boost
India aims for an average annual real growth rate of 6-7% to achieve a per capita income exceeding $13,000 by 2024. Read more
Deputy Air Chief inducts chaff manufacturing plant to cut import dependence
Established under the Make in India initiative, this facility will produce various chaff sizes for aircraft such as the Mirage 2000 and MiG 29.Read more
Lazard report suggests India is on track on becoming a global manufacturing hub
Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more
Nothing joins ‘Make in India’ movement with CMF Phone 1 India manufacturing
The goal is to deliver high-quality products while supporting the local economy and creating job opportunities.Read more
Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid
Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more
TDF schemes to encourage 'Aatmanirbharta' in public & private defence industries
So far, 77 projects have been sanctioned to various industries, with a commitment of over Rs 3 billion.Read more
PLI railway push for local manufacturing of components for Vande Bharat & LHB
The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more
Manufacturing Agenda for Modi 3.0
As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?Read more
Daikin to expand compressor manufacturing to two million units in India
Daikin is also exporting to markets such as South Africa, the Middle East and South America helped by its new 75-acre Sri City manufacturing unit.Read more
HAL receives light combat helicopter order; boosting ‘Make in India’
The revenue from operations increased 18.36% YoY to Rs 147.88 billion during the quarter. Read more
