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Why automation is key for India's $1 trn manufacturing economy?
Manufacturing sector, which contributes approximately 16 per cent to India's GDP, aims to reach $1 trillion by elevating its contribution substantially to around 25 per cent. In this article, Rakesh Rao explains why digital manufacturing will be the key to achieve this goal.Read more
PLI scheme: The way forward
The Rs 2.71 trillion Production-Linked Incentive (PLI) schemes, rolled out to promote the economic development of various sectors, have faced multiple implementation challenges. Bhavesh Thakkar summarises such challenges and also presents the way forward.Read more
PHDCCI report recommend schemes for 75 potential export products
PHDCCI report recommend schemes for 75 potential export productsRead more
Govt mulls revised telecom incentive scheme as companies struggle to meet targets
The updated scheme is anticipated to extend eligibility for incentives to some new telecom networking products.Read more
Ministry of Heavy Industries champions localisation for global manufacturing hub
The Union Minister underscored the pivotal role of high-quality and advanced localisation in positioning India as a prominent global supplier.Read more
Probe initiated: Electric 2W makers face scrutiny for alleged FAME-II norm violations
The findings of the investigation are anticipated within a month, and corrective actions will be taken accordingly, potentially involving individuals and system improvements.Read more
India aims for $1 trillion exports by 2030, focus on electronics, RE, EVs
The surge is attributed to the export of Samsung and Apple phones, with smartphone exports reaching $10.9 billion in FY 23, marking an 88.9% increase from April to August.Read more
TVS Motor launches NEO AMI 125 Scooter in Africa, expands global reach
With a business footprint spanning over 80 countries across Asia, Africa, and Latin America, the company recently expanded into the European market.Read more
Sweden’s Alleima opens expanded heat exchanger tube facility in Mehsana
Built with a total investment of SEK 180 million (approximately Rs 143 crore) between 2019-2023, the new facility will enhance capabilities to produce advanced alloys for making heat exchanger tubes, which are used for critical applications in the chemical, petrochemical and renewable energy segments.Read more
Ashoka University, ZEISS forge partnership for core imaging facility
Within the framework of this agreement, ZEISS will station Expert System Operators at the Facility to assist researchers in optimising the use of the cutting-edge equipment for their scientific inquiries.Read more