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ABB India funds educational programs in 148 Karnataka government schools
These initiatives, launched in 2022, have successfully raised awareness levels among students, bridging the aspiration gap in key scientific concepts. Read more
Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more
Pricol Limited achieves NABL accreditation for test labs
The NABL accreditation process, involved a comprehensive evaluation of the laboratory's procedures, equipment, and personnel. Read more
Vietnamese steel, shoes & other imports get stuck in India’s quality check
India's increasing focus on the quality of imports also works as a non-tariff barrier to restrict the inflow of cheap and substandard quality products.Read more
Madan Sabnavis: The major problem for SMEs is their low credit worthiness
In this interview with Pratap Padode, Editor-in-Chief, Smart Manufacturing & Enterprises (SME), Madan Sabnavis, Chief Economist, Bank of Baroda, discusses the status of the private investment cycle, key pain points of SMEs, and some probable solutions.Read more
Aatmanirbhar Gujarat 2022: Boosting growth of MSMEs
The Aatmanirbhar Gujarat 2022 Scheme aims to increase investment in the MSME sector in Gujarat, boosting Gujarat's industrial landscape and contributing to Atmanirbhar India's vision. Saumil Soni and Jaideep Jain explore the scheme and its impact on MSMEs.Read more
Zoho plans $700 million foray into chip manufacturing; compound semiconductors
Semiconductors occupy a pivotal position in India's economic agenda, with the government implementing a $10 billion package to fortify the industry's capabilities, positioning the nation to rival established players like Taiwan in the coming years.Read more
Indian aerospace manufacturers seek global orders; ask GOI for policy push
The surge in orders has prompted global aerospace suppliers to ramp up sourcing from India. Airbus, in particular, is strengthening ties with Indian partners for various functions such as IT, engineering, and production. Read more
Demand for warehouse automation boosts amid 'Make in India' push
Economic growth boosts demand for logistics in India, with 13.5 million sq ft leased in Jan-Mar 2024. Tier-I cities saw a 25% increase, Tier II and III cities 20%. Read more
Siemens Limited declares 19% increase in revenue; 74% higher PAT in Q2 FY24
Revenue of Rs 52.48 billion was seen as a 19% increase over the same quarter in the preceding year.Read more