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Indian Mobile Phone exports soar, nearing $5.5 billion in 2023
During the period between April and August 2023 alone, India exported mobile phones amounting to around $3 billion, equivalent to about Rs 24,850 crore.Read more
India's automotive industry aims for $1 trn export hub by 2035: Arthur D Little report
Barnik Chitran Maitra, the Managing Partner (India & South Asia) at Arthur D Little, highlighted India's capability to become a worldwide centre for automotive design, development, and production, catering to international markets.Read more
Luminous launches ConnectX App to track the performance of rooftop solar systems
The Unique Energy Management solution empowers users with real-time monitoring and data on solar energy generation, consumption, available power back-up and inverter performance.Read more
India's exports to EU threatened by green initiatives: Think Tank report
According to the report by the Centre for Energy, Environment, and Water, this impact could account for 43% of India’s exports to the EU, a significant market for India second only to the United States.Read more
Rail Resurgence!
India Railways has been undergoing modernisation programme with consistent increase in capital expenditure in recent years. In the Union Budget 2023-24, the railway sector was the biggest beneficiary.Read more
Exporters call for enhanced benefits and expansion of RoDTEP Scheme
The Federation of Indian Export Organisations (FIEO), representing exporters, highlights disparities in refund rates. For instance, while aluminum bars and rods receive a RoDTEP refund rate of 2.2%, their value-added counterparts only get 1.2%.Read more
IMTMA to host FACTEQ exhibition for factory equipment in May 2024
FACTEQ 2024 - co-located with Pune Machine Tool Expo - would bring the entire range of factory equipment required to design, build, maintain and upgrade factories, under one single roof.Read more
Samsung receives Rs 500 cr incentives under PLI Scheme for increased production
The South Korean electronics manufacturer had submitted a claim under the PLI scheme for large-scale electronics manufacturing, which was introduced in 2020.Read more
VECV targets new export markets and EVs in India, celebrating 15 years
Volvo Eicher Commercial Vehicles (VECV) plans to broaden its footprint in the domains of light and medium-duty as well as heavy-duty trucks and buses.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