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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
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
KEC International secures Rs 11 billion T&D orders globally
The YTD order intake has exceeded Rs 60 billion.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
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
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
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
China faces plastic overcapacity; strains global trade relations
Some sectors of China's vast petrochemical industry are operating at half capacity as producers scale back.Read more
CEAT appoints Vishal Pawar as Senior Vice President – Global Sales
Pawar began his career at TAFE (Tractors and Farm Equipment Limited). Then, he moved to CEAT and went on to work at Garware Technical Fibres.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