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MeitY considers independent PLI for electronics components manufacturing

It is anticipated that the ministry will engage in discussions regarding this proposal with the Ministry of Commerce and Industry, as well as NITI Aayog, to explore the potential and framework of the scheme.Read more

Auto component sector forecasts moderate growth in FY 2024

Small and medium enterprises (SMEs) in the auto component sector are anticipating a more moderate 8-10% growth in the fiscal year 2024.Read more

Surfex introduces automated shot peening for high volumes

Surface Finishing Equipment is a pioneer in shot blasting & shot peening machine, blast room system, paint booth & baking oven systems manufacturers in India. It unveils its revolutionary robotic shot peening machine for mass production.Read more

Asus boosts Make-In-India with key manufacturing shift from China to India

With a market valuation of $15 billion, Asus is aggressively expanding its production operations in India, leveraging the government's PLI scheme.Read more

India triumphs in Global Manufacturing, BCG Study Reveals

A BCG study titled 'Navigating the Transformative Shifts in Global Manufacturing’ revealed a remarkable surge of $23 billion in exports to the US, a staggering 44% increase from 2018 to 2022.Read more

Indian auto component exports at risk amid UAW Strike in the US

Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more

Anand Group enters in a joint venture with Korea’s HL Group

This strategic partnership is set to double the size of the Indian conglomerate's aftermarket business while concurrently enhancing the Korean entity's presence within India.Read more

Zetwerk dives into IT Hardware, EV components manufacturing

Zetwerk is currently engaged in discussions with potential customers for component manufacturing partnerships and is exploring the establishment of a manufacturing plant in the western part of the countryRead more

Tata Electronics plans over Rs 500 Cr loan for Hosur Expansion

The inaugural phase (referred to as 1A) of its manufacturing facility commenced operations in December 2022, with a total project cost of Rs 4,225 crore, funded in a 70:30 debt-equity ratio.Read more

The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more

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