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Omnia Technologies and Economy Process Solutions form joint venture in India
This joint venture aims to achieve long-term growth, driven by Omnia Technologies’ technological leadership and Economy Process Solutions’ engineering expertise and deep knowledge of the Indian market. Read more
India to become $10 trillion economy by 2032; Overtaking US and China
India's economic expansion has accelerated in recent years; while it took 63 years, from 1947 to 2010, to reach a GDP of $1 trillion, it achieved $2 trillion by 2017 and $3 trillion by 2020.Read more
Railway stocks to be in focus as FM Sitharaman reviews capex plan
The Finance Minister emphasised the need for the ministry to meet the capex target for the fiscal year 2024-25 within a set timeframe, building on the progress made in the first 100 days of the Modi government. Read more
Job creation in manufacturing doubles between FY14 and FY23
While the share of manufacturing in India’s GDP remained steady at 16-17% during FY14-FY23, the government aims to increase it to 25% by the end of the decade.Read more
Gadkari suggests vehicle scrapping to boost auto sales by 18-20%
Currently, India has 63 scrapping centers and 78 fitness centers, with plans for more.Read more
India's global FDI share drops to 2.1% in 2023
Nearly 49.5% of FDI during October 2019–March 2024 went to Maharashtra and Gujarat, 30.3% to the Karnataka-Tamil Nadu-Andhra-Telangana region, and the remaining 17.8% to Delhi and Haryana.Read more
Dighi Industrial Smart City to shoot Maharashtra towards $1 trillion economy
Located 55 km east of Dighi port, the proposed city will span 6,056 acres and involve an investment of Rs 54.69 billion. Read more
Rising automation increases need for testing and measurement equipment
In this interview, Manish Dixit, Sales Director – Instrumentation, ABB India, elaborates on factors contributing to the growth of T&M sector and the company's plans to tap opportunities in the sector.Read more
German industrial orders fall sixth consecutive month amid weak foreign trade
The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. Read more
India must emerge as an innovation-driven economy: Baba Kalyani
In this message, on the occasion of India's 78th Independence Day, Baba Kalyani, Chairman & MD of Bharat Forge Ltd, emphasises on India's journey towards becoming a global leader and the manufacturing sector's role in Viksit Bharat 2047.Read more