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India's electronics manufacturing skyrockets: 4-fold surge to Rs 8.22 tn in a decade
Minister of State for Electronics and IT Rajeev Chandrasekhar informed the Lok Sabha that India has now reached a stage where 99.2 per cent of mobile handsets being used in the country are manufactured domestically.Read more
Himadri Speciality Chemical invests Rs 4,800 cr in Li-ion battery component manufacturing
The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, contributing to the creation of 100 gigawatt hours (GWh) of Li-ion batteries in phases over the specified timeframe.Read more
Apple's expansion gains momentum with increased investments, stores, manufacturing initiatives
Reports indicate that the Sriperumbudur factory on the outskirts of Chennai is now actively involved in assembling the iPhone 15, which launched and went on sale in September.Read more
Q-Line Biotech boosts healthcare manufacturing in UP with Rs 500 cr investment
The inauguration of the facility is slated to be proposed during the upcoming Ground Breaking Ceremony, with a formal invitation extended to the Chief Minister.Read more
Oakter secures approval in PLI 2.0, paving way for high-tech manufacturing
Oakter is currently underway with the development of an indigenous tablet within the PLI framework, with plans to commence manufacturing within the next 90 days.Read more
Intel, Siemens forge 3-year partnership for advanced chip manufacturing efficiency
Intel is undergoing a multi-billion-dollar transformation in its manufacturing operations, which includes a shift to cutting-edge chip technology known as extreme ultraviolet (EUV) lithography.Read more
India aims for 40% local value addition in phone manufacturing to boost global competitiveness
S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), outlined this goal during the Global Tech Summit 2023 organised by Carnegie on December 5.Read more
JSW Group enters JV with SAIC Motor for EV manufacturing in India
The newly established entity, in which JSW Group will hold a 35% stake. The remaining ownership distribution is yet to be finalised.Read more
India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth
The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more
NIFCO invests Rs 288 cr in automotive plastic components plant in Karnataka
The company intends to create job opportunities for approximately 400 individuals, with 65% of them being women. The project is slated to be completed over a span of five years, commencing from 2023-24.Read more