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Electronics sector to create 12 million jobs, but skill gap remains: Report
India's domestic electronics production reached $101 billion in FY23, with mobile phones accounting for 43%, followed by consumer electronics, industrial electronics, and auto electronics.Read more
Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline
In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more
Balu Forge and Swan Energy partner for railways, defence, and aerospace ventures
According to an exchange filing, BFIL will hold a 40% stake in the SPV, with SEL taking the remaining 60%. Read more
Port delays and regulations strain India’s steel user industries: GTRI
Policies designed to protect domestic steelmakers, such as import restrictions and quality control measures, have inadvertently hurt industries dependent on imported steel, undermining their production and export capacities.Read more
AIFI hosts hosts event on current industry scene, technology & skill development
The event also featured the importance of energy price risk management and the challenges of navigating volatile energy prices amidst global disruptions. Read more
Industry 4.0 gains momentum in India amid challenges
A recent study by the Indian School of Business (ISB) and Plugin Alliance revealed that 54% of Indian manufacturing companies are already implementing AI and analytics to enhance cost efficiency, product differentiation, and market responsiveness.Read more
Re Sustainability International acquires G3 Environmental
G3 Environmental’s businesses include Tee Environmental, Tee Recycling, and Envotek Engineering—companies renowned for their track record of excellence and robust client base in Singapore over two decades.Read more
RSB Group celebrates 50 years of automotive journey; Aims 3x growth in 3-4 years
The company has adopted a strategic revenue mix, aiming for 75% from traditional auto components and 25% from EV components over the next five years.Read more
Mushin Labs raises $250K in seed series round led by Inflection Point Ventures
Mushin Innovation Labs, a pioneering SaaS startup, is transforming the automotive manufacturing industry with its advanced digital solutions. Read more
Lubrizol and Polyhose ink MoU to manufacture medical tubing in Chennai
This agreement reinforces Lubrizol’s commitment to Make-In-India and broadens a previously committed $350 million investment to support local manufacturing.Read more