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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
L&T to invest $50-60 billion in O2C & petrochemical projects in the Middle East
L&T is seeking potential joint ventures with other engineering, procurement, and construction (EPC) companies for these significant projects.Read more
AMD partners with IIT-B incubated SINE to develop energy-efficient SNN chips
Under the collaboration, Numelo Technologies was given the first grant for developing SNN chips using ultralow power quantum tunnelling on silicon on insulator (SOI) technology.Read more
Vizhinjam Port to lessen time and costs by 40% for Indian manufacturers
The port, equipped with advanced facilities, including automated operations and modern infrastructure, aims to efficiently handle large ships. Read more
PPDS to expand global manufacturing operations to India
This development, celebrated at a special opening event on 21 June 2024, is the latest example of PPDS’ global ‘local for local’ strategy, aligned with the Government of India’s ‘Make in India’ initiative.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
EV industry wants incentives and tax rationalisation from budget
India's EV industry is hoping for the introduction of the FAME- III scheme, allocation of funds for public charging infrastructure, incentives for localising components, and a reduction in GST on EVs.Read more
Shibaura Machine India opens Rs 2.25 billion injection moulding machine facility
Over the next 3-4 years, SMI expects to create new jobs and develop approximately 50 MSME vendors to support the expansion.Read more
TRSL to exploit export market amidst China Plus One; expand global reach
A team from Titagarh has been exploring business opportunities in South and Southeast Asia, West Asia, Africa, the US, and South America.Read more
ABB India funds educational programs in 148 Karnataka government schools
These initiatives, launched in 2022, have successfully raised awareness levels among students, bridging the aspiration gap in key scientific concepts. Read more