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Budget 2025: Manufacturing sector highlights and reactions
The Budget has also introduced a Focus Product Scheme for the footwear and leather industry, aiming to create 2.2 million jobs and generate Rs 4 trillion in turnover. Read more
Budget 2025: Auto industry highlights and reactions
MSMEs in the auto supply chain will benefit from easier credit access, enabling component manufacturers and dealerships to scale operations and invest in new technology. Read more
TeamLease Digital highlights emerging trends in tech employment for FY25
Global Capability Centers (GCCs) have emerged as significant employers of fresh talent, offering entry-level candidates salaries that are upto 30% higher than the industry standard for in-demand skills. Read more
Ashok Chaturvedi highlights AI role in flexible packaging waste at ElitePlus++24
The summit also features specialised sessions focused on sustainability, including panel discussions that address the critical role of flexible packaging in green energy, as well as emerging film extrusion technologies and new developments.Read more
Switzerland green lights historic India-EFTA trade agreement
Signed in March, this comprehensive agreement is designed to enhance trade in pharmaceuticals, manufacturing, and emerging technologies, with a projected investment of $100 billion in India over the next 15 years.Read more
Cabinet green lights Rs 33 billion semiconductor unit by Kaynes Semicon
The new facility will have a production capacity of 6 million chips per day, catering to diverse industries such as automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Read more
Govt reopens application window for PLI scheme for AC & LED light manufacturing
This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more
Bharat Petroleum greenlights Rs 5,044 cr Polypropylene Unit at Kochi Refinery
The proposed polypropylene unit is slated for completion in approximately 46 months from the date of investment approval, with a production capacity of 400,000 tonnes per annum, as per the company's statement.Read more
Vedanta greenlights Rs 3,400 cr NCDs raise for capital structure enhancement
Last week, Vedanta Resources (VRL), the UK-headquartered parent company of the Vedanta group, announced securing a USD 1.25-billion loan from private lenders to refinance a portion of its $3.2-billion debt maturing in 2024 and 2025.Read more
Ekkaa’s mega facility in Noida aims at exports, to be operational soon
Headquartered in Sonipat, Haryana, Ekkaa Electronics is original equipment manufacturer (OEM), and original design manufacturer (ODM) in India expert in designing and manufacturing LED TVs. Sagar Gupta, Director, Ekkaa Electronics in this interview with Ayushi Khandelwal, shares that the company is planning to expand manufacturing into other consumer electronic products as well with a new facility in Noida. Read more
