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Ramp up R&D to reduce auto component imports: Amitabh Kant

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more

Coal India to spend Rs 1.22 lakh cr on 500 projects by 2023-24: Pralhad Joshi

CIL has identified 15 greenfield projects for investment of Rs 34,600 crores. The company to invest Rs 14,200 crores for 49 First Mile Connectivity projectsRead more

MoD inks Rs 2,580-cr contract with BEML, Tata Power and L&T for Pinaka missile systems

These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS) and 45 command posts to be procured from Tata Power and L&T and 330 vehicles to be procured from Bharat Earth Movers Ltd (BEML)Read more

Strong anti-China sentiment a game changer for domestic industry: A M Naik, Chairman, L&T

Addressing L&T's 75th AGM, he stressed on the need to move beyond knee-jerk responses and draw up a long-term strategy with a time-bound plan for implementation. He added that it is time for government and industry to act in unison for national cause.Read more

Japanese tyre maker Yokohama doubles production capacity in India

Yokohama, which been supplying tyres to passenger car and SUVs since 2007 in India, has commenced the second phase of commercial production raising its capacity from 0.7 mn tyres a year to 1.6 mn tyres per year in IndiaRead more

Defence Ministry’s import embargo to open up Rs 4,000 bn opportunity for domestic industry

The list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems. Of these, items worth almost Rs 1,300 bn each are anticipated for the Army and the Air Force while items worth almost Rs 1,400 bn are anticipated by the Navy. Read more

Boosting demand will be more beneficial than just monetary help: Amit Ghaisas

In this interview, Amit Ghaisas, MD, Minilec Group, focuses on the importance of quality, exports, and Aatmanirbhar Bharat initiative. He also highlights on demand drivers for control and monitoring relays and effect of COVID 19 on the industry.Read more

ReNew Power to invest upto Rs 2000 Cr for solar cells and modules manufacturing facility

In this endeavour, the company’s manufacturing unit will have capacity of 2GW.Read more

Ashok Leyland suggests policy intervention on Aatmanirbhar Bharat package

Commercial Vehicles have been majorly hit, owing to pressure from a prolonged slowdown and from this unprecedented pandemic.Read more

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