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Indian Railways struggles with wheel supply, increasing reliance on Chinese imports
The domestic supplies from Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have not kept pace with the increasing requirements.Read more
Exporters seek government support amid global challenges
Exporters have appealed to the central government for support in ensuring affordable and readily available credit for Micro, Small, and Medium Enterprises (MSMEs) amid global challenges caused by a lack of liquidity.Read more
CDIIC, SIDBI partner to boost Coimbatore startups with Rs 2 cr funding
The Codissia Defence Innovation and Atal Incubation Centre (CDIIC) has entered into a funding agreement with the Small Industries Development Bank of India (SIDBI) to support startups incubated at its Coimbatore facility.Read more
India's private capex faces challenges amidst optimism
India Ratings and Research (Ind-Ra) suggests a potential uptick in private investment if certain economic conditions persist.Read more
India unveils indigenous military hardware list, fosters innovation with self-reliance
Defence Minister Rajnath Singh revealed the details of this fifth positive indigenisation list at the 'Swavlamban 2.0' seminar hosted by the Indian Navy.Read more
More than half of India?s vehicles will be electric by FY33, Axis Capital Research
A progressive recasting of PLI for battery manufacturing is critical to spur EV battery making in India, concludes Nishit Jalan, Lead Analyst ? Automobiles at Axis Capital Research after a several-months-long study of the evolving global EV battery ecosysRead more
Himachal Pradesh enforces 80% local workforce rule in industries
Himachal Pradesh's industry minister, Harshwardhan Chauhan, declared that industrial units failing to comply with the government's directive of having 80% local workforce will be denied incentives.Read more
MYCRANE invests in India as expansion continues
Online crane rental platform MYCRANE announced the launch of wholly-owned operations in India on day one of the Conex construction trade show, at Gandhinagar, Gujarat.Read more
Global Machine Tools Sector: State of Play and Tackling New Challenges
Representatives from machine tool associations – whose manufacturers account for more than 80% of the global machine tool production, gathered at the world’s leading trade fair, EMO Hannover 2023, to demonstrate their resilience and strength in the face of a wide range of global challenges.Read more
EMO Hannover 2023 scores innovative solutions for current challenges
EMO Hannover 2023 stands out to be a great show with around 1,850 exhibitors attended, with roughly 70 per cent coming from 45 different countries. Turkey, China, the Netherlands, Italy and Poland stood out to be the five largest visitor countries.Read more