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New York state invests $10 bn in semiconductor research facility
The project, overseen by the nonprofit NY Creates, will take place at the Albany NanoTech Complex and will involve the acquisition of advanced chip-making equipment from the Dutch company ASML Holding.Read more
Turkey tightens grip on Chinese EV imports with stringent regulations
The Turkish Trade Ministry recently issued a decree stating that companies importing electric vehicles (EVs) must have a minimum of 140 authorised service stations evenly distributed across the country.Read more
BCIC advocates manufacturing growth for India's export ambitions
Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more
McKinsey Director urges urbanisation and productivity revolution by 2047
Chris Bradley points out a demographic contrast with China, foreseeing a decline in China's workforce due to aging, while India is expected to witness an increase of at least 220 million workers through farm migration.Read more
LTTS and bp sign multi-year engineering services partnership
The relationship will leverage over 2 decades of LTTS’ experience in engineering, manufacturing services, digital and enterprise data management and address some of the most significant challenges for bp globally.Read more
India considers Chinese imports for Green Hydrogen Boost
The Ministry of New and Renewable Energy (MNRE), a crucial player in the country's decarbonisation efforts, has suggested exemptions for green hydrogen developers.Read more
Toys ‘R’ Us accelerates India expansion with local manufacturing plans
Toys ‘R’ Us, the global toy retailer, is set to commence private label manufacturing in India by the middle of next year as part of an aggressive expansion strategy, aiming to position India among its top five markets.Read more
Chinese researchers predict circular economy in EV Batteries by 2059
According to scientists from the University of Mnster in Germany, China is expected to accomplish this milestone from 2059 onwards by recycling batteries to meet its primary lithium demand for electric vehicles.Read more
Govt officials laud PLI Scheme success across industries, DPDP rules finalised soon
Secretary S Krishnan announced that the Digital Personal Data Protection (DPDP) rules would be finalized in a few weeks, emphasizing that the DPDP Act strikes a balance between regulation and the security of personal data, fostering innovation.Read more
Indian defence firms eyeing Philippines market for military platforms
A 2022 agreement solidified the purchase of three BrahMos batteries by the Philippines from India, totalling an estimated $375 million.Read more