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Budget 2022 should build confidence in new manufacturing firms
Government has reduced tax rate for newly set-up manufacturing company to an effective rate of 17.16%. However, there are certain nuances which require clarifications. Maulik Doshi highlights on budget expectations for new manufacturing companies availing concessional tax rates.Read more
Will autonomous robots change metal manufacturing?
Many new developments are helping in reshaping the metal manufacturing industry. The industry could benefit significantly from autonomous robots that allow faster and less labour-intensive metal processing, says Emily Newton.Read more
New govt incentives to boost semiconductor manufacturing
The proposed incentives are worth Rs 760 billion over the next six years and provides 25% incentives on capital expenditure for establishing unit of Compound Semiconductor Wafer Fabrication (FAB), assembly, testing, and packaging facility in the country.Read more
IPF’s 3i EXPO to pave the way for transition to Industry 4.0
This will be India’s first of its kind expo comprising 3 events - Exhibition, Conference and IPF Industry Excellence Awards - dedicated to discuss on innovative approaches and strategies for the adoption of Industry 4.0 in India will the involvement of the key stakeholders - the Government, Industry and Academia Read more
PG Electroplast starts LED TV manufacturing at Greater Noida
Spread across 100,000 square feet, the production capacity of the facility is half a million units annuallyRead more
IMTMA postpones machine tools expo IMTEX 2022 due to rising Covid-Omicron cases
The IMTEX 2022 & IMTEX FORMING 2022 exhibition was scheduled for January 20-26, 2022. The rescheduled dates will be announced shortly.Read more
Havells opens Industry 4.0 compliant manufacturing plant in Rajasthan
New facility – opened at Ghiloth will manufacture washing machines with an annual production capacity of 3 lakh units - will have high level of automation and robotic touch-points; thus, providing superior product quality in the segment.Read more
Global aerospace parts market to grow at CAGR of 3.7%: Report
The global aerospace parts market - estimated at $ 900.75 billion in 2021, is expected to grow at a CAGR of 3.7% during 2021-2030 forecast period, according to Quince Market InsightsRead more
IMTEX 2022: An enabler of machine tools industry growth
After 2020, IMTMA is back with its yearly exhibition – this time in-person - as IMTEX and IMTEX Forming 2022. The event is scheduled from January 20-26, 2022 at Bangalore International Exhibition Center (BIEC).Read more
Godrej Tooling expects 30% YOY increase in revenues
E-mobility is gaining traction in India due to its eco-friendly feature, tax rebates and low cost of maintenance. Growing electric vehicles industry is expected to increase demand more complex, higher value-added tools.Read more