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India aims for $1 trillion exports by 2030, focus on electronics, RE, EVs

The surge is attributed to the export of Samsung and Apple phones, with smartphone exports reaching $10.9 billion in FY 23, marking an 88.9% increase from April to August.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

Tata Group explores Land for Semiconductor ATMP Unit

Instead of immediately setting up a full-fledged fabrication plant, the Tata Group plans to concentrate on the ATMP unit for the near term.Read more

India plans sector-specific revisions to boost utilisation of $24 bn industrial incentives

Proposed modifications are targeted at the textiles, pharmaceuticals, drones, solar, and food processing industries, constituting nearly one-third of the PLI scheme.Read more

India's solar manufacturing capacity set to surge, aiming for 100 GW by 2025

According to a report by rating agency ICRA, India's solar photovoltaic (PV) module manufacturing capacity is anticipated to surge to over 60 GW by 2025, up from the current 37 GW.Read more

India identifies key sectors for global manufacturing dominance

Officials have revealed that India is on the brink of identifying approximately a dozen sectors poised to establish the country as a global manufacturing powerhouse.Read more

MeitY considers independent PLI for electronics components manufacturing

It is anticipated that the ministry will engage in discussions regarding this proposal with the Ministry of Commerce and Industry, as well as NITI Aayog, to explore the potential and framework of the scheme.Read more

Uttarakhand CM boosts industries with Rs 90 cr subsidy

This initiative, governed by the Central Government's Industrial Development Scheme of 2017, extends a 30% subsidy, capped at Rs 5 crore.Read more

Shakti Pumps hits record high with Rs 1,603 cr orders from MSEDCL

According to the company's filing with the exchange, the total order value amounts to approximately Rs 1,603 crore, inclusive of GST, and is slated to be completed over the course of 24 months.Read more

Kerala govt launches Comprehensive Insurance Scheme to safeguard MSMEs

As of now, Kerala is home to more than three lakh MSMEs, with around 1,40,000 entities registered under the government's Year of Enterprises initiative.Read more

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