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India targets $500 billion semiconductor manufacturing by 2030
The newly inaugurated facilities, the Digital India RISC-V SoC (System on Chip) Design Laboratory and the Digital India RISC-V Embedded System Design Laboratory, mark a significant leap in India's efforts to advance semiconductor technology. Read more
India unveils Rs 250 billion plan for electronics components manufacturing
The scheme will adopt a different incentive structure, as components and subassemblies are capital-intensive, unlike smartphones where smaller investments are required for larger manufacturing operations. Read more
Bureau of Indian Standards celebrates 78th Foundation Day
More than 23,500 standards have been enforced in every sector from bags to machines and engineering to medical goods, Shri Joshi said. Read more
Titagarh Rail Systems delivers driverless Made-in-India trainset to Namma Metro
Titagarh will deliver two more trainsets to the Yellow Line by April this year. Read more
Waaree begins trial production at Gujarat solar cell manufacturing facility
At 5.4 GW capacity, the plant attains the position as India’s largest advanced solar cell manufacturing facility.Read more
Govt approves Rs 2.46 billion PLI incentive for M&M, Tata Motors
The PLI scheme, launched on September 15, 2021, is designed to strengthen India’s manufacturing capabilities in AAT products, improve cost competitiveness, and develop a robust supply chain. Read more
GTRI calls for steel sector assessment before safeguard duty imposition
The Directorate General of Trade Remedies (DGTR) began an investigation last month into imports of ‘Non-Alloy and Alloy Steel Flat Products,’ which are used in various industries such as construction, automotive, and electrical panels. Read more
IIT Bombay startup Manastu Space tests green propulsion system in space
The green propulsion system is a non-toxic, environmentally friendly alternative to conventional chemical propulsion systems, designed to reduce environmental and health impacts associated with traditional space propulsion technologies.Read more
ICEA proposes lowering taxes and tariffs to boost electronic manufacturing
For the 2025-26 Budget, ICEA has suggested removing the 2.5% duty on parts such as PCBA (Printed Circuit Board Assembly), FPCs (Flexible Printed Circuits), camera modules, and connectors, to make manufacturing more affordable. Read more
Private capex revival remains unlikely in 2025, says RBI survey
The findings differ from the RBI’s Financial Stability Report (FSR), which indicated that India’s economic growth is poised to recover in 2025, driven by strong consumer and business confidence. Read more