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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
Zen Mobility continues to innovate in a transforming market
He also discusses the influence of government initiatives on the industry and outlines Zen Mobility’s plans in the EV space.Read more
61% global manufacturers expect AI to drive growth by 2029; ZT report
While digital transformation is a priority for manufacturers, around 30% to 40% of global and APAC, including India, respondents recognise achieving it is fraught with obstacles, including the cost and availability of labour, scaling technology solutions, and the convergence of information technology and operational technology (IT/OT).Read more
Tata Motors aims to make EVs more accessible for customers
In this interview, Rakesh Rao spoke to Anand Kulkarni, Chief Products Officer, Head of HV Programs and Customer Service, Tata Passenger Electric Mobility Ltd, to understand challenges and opportunities in India's electric vehicle market.Read more
Cummins India inaugurates global competency IT centre in Pune
The centre aims to harness talent in software engineering and emerging digital technologies like Artificial Intelligence (AI), Machine Learning (ML), and Robotic Process Automation (RPA).Read more
GOI to implement equal 5% GST on all aircraft and engine parts to boost industry
The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more
China tightens rules for solar PV manufacturing
It increases the minimum capital ratio required for new construction and expansions in the photovoltaic sector to 30%, up from previous requirements of 30% for polysilicon projects and 20% for other PV manufacturing projects. Read more
India aims for $100 billion FDI annually; to attract China interested investors
Giants like Apple and Samsung Electronics have increased their manufacturing presence in India, leveraging incentives provided by Prime Minister Narendra Modi's administration.Read more
Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid
Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more
Tata Motors and NVS’ ‘Automotive Skill Labs’ train over 4000 students annually
Till date, 25 labs, fully equipped with essential tools, have been set up across select JNVs in Maharashtra, Karnataka, Gujarat, Jharkhand, West Bengal, Uttar Pradesh, and Uttarakhand.Read more