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India needs strong machine tools industry to become a global manufacturing hub

For the Indian manufacturing sector to reach $ 1 trillion, the machine tools industry needs to fire on all cylinders as it enables the production of other machines, parts and equipment for a wide range of sectors, says Rakesh RaoRead more

Lazard report suggests India is on track on becoming a global manufacturing hub

Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more

India: Leading global manufacturing

On April 11, 2024, the Asian Development Bank (ADB) - following the International Monetary Fund (IMF), World Bank, and Moody’s - raised India’s GDP growth forecast for 2024-25 to 7 per cent from the 6.7 per cent projected in December 2023Read more

Role of modern technologies & automation in green engineering

The convergence of modern technologies and digital twins is more than just a technological achievement; it represents a paradigm change toward engineering that is wiser, greener, and more responsible for future generations says Avi Dahiya. 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

Piyush Goyal urges Indian industries to transform India into Global Manufacturing Hub

The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, mining, energy, food processing, chemicals, medical devices, and drones.Read more

Schwing Stetter India partners with VIT, Vallore to offer engineering programme

The partnership aims to help employees accelerate their education, stir innovation and skill development needed for the manufacturing industry.Read more

Schneider Electric highlights sustainable solutions at Elecrama 2023

The company announced investment of Rs 1,400 crores to increase its manufacturing footprint by building five new factories in the next two years.Read more

PLI schemes: Making India a global manufacturing hub?

The Production Linked Incentive (PLI) schemes have come at an opportune time when investors are been looking to diversify their manufacturing operations across the globe as part of their China Plus One strategy. The scheme is a testament to the vision of the Government for providing long-term industrial support, writes Bhavesh Thakkar.Read more

India should prioritise safety to be global manufacturing hub

Good health and safety management is also good business. If an organisation looks after the health, safety, and welfare of its workers, it will be more productive, and this will help the business to be more successful and sustainable, says Suresh Tanwar.Read more

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