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BC Jindal Group announces $2.5 billion green energy investment
The new investment will focus on setting up solar equipment manufacturing facilities and developing 5 gigawatts (GW) of green energy capacity. Read more
US plans $1 billion investment in clean energy manufacturing in India
With upcoming US elections and significant global environmental issues, Podesta highlighted the importance of strengthening the partnership between the two nations.Read more
Scimplify secures $9.5 million in Series A funding led by Omnivore
Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify operates as a business-to-business (B2B) platform that manages the end-to-end sourcing and manufacturing of specialty chemicals.Read more
Niti Aayog member Virmani encourages Chinese investment to push local production
China's FDI in India has been minimal, with only 0.37% of total FDI equity inflows from April 2000 to March 2024. Read more
LESER expands Aurangabad manufacturing facility with Rs 500 million+ investment
The new facility will incorporate segmentation, automation, and advanced manufacturing processes designed to improve transparency and efficiency.Read more
Sansera inks Rs 21 billion investment MoU with Karnataka government
The project is expected to create approximately 3,500 direct and indirect jobs in the region.Read more
Gruner Renewable Energy secures $ 60 mn to expand CBG projects in India
Gruner Renewable Energy secures $ 60 mn to expand CBG projects in IndiaRead more
DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
Return on equity of Indian manufacturing hits 10-year low; Citi
RoE, or return on equity, measures net profit as a percentage of net worth, indicating a firm's profitability and efficiency in using shareholder funds. 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