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CIL phasing out imports for boosting domestic mining equipment manufacturing

Current imports, which encompass electric rope shovels, hydraulic shovels, dumpers, and more, have incurred an additional Rs 1,000 crore in customs duty over the past five years.Read more

Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing

A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read 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

Tega Industries acquires McNally Sayaji, expands into capital equipment manufacturing

The newly merged entity, Tega McNally Minerals, will expand its offerings to provide a comprehensive range of solutions for the global mining market.Read more

Toyota expands manufacturing in Karnataka with Rs 3,300 cr investment

This new facility, boasting a capacity of 100,000 units, will be situated approximately 35km from Bengaluru and has the potential to generate employment opportunities for up to 2,000 individuals.Read more

Swedish Robotics Firm RSP to launch manufacturing in Chennai

The Indian subsidiary, named Scandinavian Robot Systems India Private Limited, has been officially registered in Chennai.Read more

India urged to prioritise domestic manufacturing amidst trade talks with UK

Negotiations between the two countries encompass 26 policy areas/chapters, with investment discussed separately as a bilateral investment treaty between India and the UK.Read more

THK India unveils facility in Sri City for linear motion innovation

This facility stands as THK's sole production unit in India, specializing in the manufacture of linear motion guides and equipment for diverse applications across various sectors.Read more

Amitabh Kant urges to scrap import duties for exported goods

Kant suggested that while import duties on products intended for domestic consumption, such as furniture and food items, could be increased, maintaining competitive pricing for exports is crucial.Read more

India approves 27 firms for in IT Hardware Manufacturing Boost

Giants such as Dell, HP, Flextronics, and Foxconn includes under the production-linked incentive (PLI) scheme for IT hardware.Read more

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