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Addverb aims to be a billion-dollar company in the next 5 years

In this interview with Rakesh Rao, Sangeet Kumar, Co-founder & CEO, Addverb Technologies, highlights changes taking place in the manufacturing sector and intralogistics operations, and Addverb is gearing up to tap emerging opportunitiesRead more

PLI schemes: Making India a global manufacturing hub?

The Production Linked Incentive (PLI) schemes have come at an opportune time when investors are been looking to diversify their manufacturing operations across the globe as part of their China Plus One strategy. The scheme is a testament to the vision of the Government for providing long-term industrial support, writes Bhavesh Thakkar.Read more

At ELECRAMA 2023, APAR will highlight its focus on sustainability

In this conversation with Rakesh Rao, Shashi Amin, CEO, Cables Solutions, APAR Industries Ltd, elaborates on demand trends in the industry and steps taken by the company to propel the cause of sustainabilityRead more

Budget 2023: The manufacturing fine print

Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more

Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs

The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more

Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23

The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more

Collaborative growth

In January 2022, Reliance Industries bought 54 per cent stake in Addverb Technologies (a manufacturer of autonomous mobile robots, sorting robots, and automated storage and retrieval systems) for $ 132 million marking an entry of big industrial giant in the fast-growing industrial automation sector.Read more

Removal of export duties to strengthen steel sector: Jyotiraditya Scindia

PLI Scheme for specialty steel will result in an investment of close to Rs 46,020 crore and increase in capacity of almost 26 million tonnes, said Union Minister Jyotiraditya Scindia at the Indian Steel Association (ISA) conclave in New Delhi.Read more

Solar market in a bright spot

As India looks to become a net-zero economy by 2070, the country’s renewable sector can have an economic impact of over $ 1 trillion by 2030 and $15 trillion by 2070, as per CII-Mercom report. But, how much of this transition towards green energy will be powered through locally manufactured components and systems, says Rakesh Rao.Read more

Bohmen Industries is focusing on developing new products

From its humble beginning in 1979, Bohmen Industries today offers a wide variety of position switching devices catering to various industries. Post-Covid, the company is seeing a good demand due to a reduction in competition from the unorganised sector as well as a definite aversion for cheap imported alternatives, reveals Abhishek Bohra, Partner, Bohmen Industries.Read more

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