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BC Jindal Group announces $2.5 billion green energy investment

The new investment will focus on setting up solar equipment manufacturing facilities and developing 5 gigawatts (GW) of green energy capacity. Read more

US plans $1 billion investment in clean energy manufacturing in India

With upcoming US elections and significant global environmental issues, Podesta highlighted the importance of strengthening the partnership between the two nations.Read more

Scimplify secures $9.5 million in Series A funding led by Omnivore

Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify operates as a business-to-business (B2B) platform that manages the end-to-end sourcing and manufacturing of specialty chemicals.Read more

Niti Aayog member Virmani encourages Chinese investment to push local production

China's FDI in India has been minimal, with only 0.37% of total FDI equity inflows from April 2000 to March 2024. Read more

LESER expands Aurangabad manufacturing facility with Rs 500 million+ investment

The new facility will incorporate segmentation, automation, and advanced manufacturing processes designed to improve transparency and efficiency.Read more

Sansera inks Rs 21 billion investment MoU with Karnataka government

The project is expected to create approximately 3,500 direct and indirect jobs in the region.Read more

Gruner Renewable Energy secures $ 60 mn to expand CBG projects in India

Gruner Renewable Energy secures $ 60 mn to expand CBG projects in IndiaRead more

DPIIT raises $1.4 billion in tyre investments from global players

The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more

Return on equity of Indian manufacturing hits 10-year low; Citi

RoE, or return on equity, measures net profit as a percentage of net worth, indicating a firm's profitability and efficiency in using shareholder funds. Read more

Focus on incremental reforms

According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more

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