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Rangarajan alerts against inefficient ‘Import substitution’ in Atmanirbhar boost

India aims for an average annual real growth rate of 6-7% to achieve a per capita income exceeding $13,000 by 2024. Read more

Deputy Air Chief inducts chaff manufacturing plant to cut import dependence

Established under the Make in India initiative, this facility will produce various chaff sizes for aircraft such as the Mirage 2000 and MiG 29.Read more

Lazard report suggests India is on track on becoming a global manufacturing hub

Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more

DDP launches 5th positive indigenisation list of 346 defence items

DPSUs such as Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Bharat Dynamics Limited (BDL) will lead the indigenisation of these items through various routes, including the 'Make' procedure and in-house development, involving industry players and MSMEs.Read more

Nothing joins ‘Make in India’ movement with CMF Phone 1 India manufacturing

The goal is to deliver high-quality products while supporting the local economy and creating job opportunities.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

TDF schemes to encourage 'Aatmanirbharta' in public & private defence industries

So far, 77 projects have been sanctioned to various industries, with a commitment of over Rs 3 billion.Read more

PLI railway push for local manufacturing of components for Vande Bharat & LHB

The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more

Manufacturing Agenda for Modi 3.0

As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?Read more

Daikin to expand compressor manufacturing to two million units in India

Daikin is also exporting to markets such as South Africa, the Middle East and South America helped by its new 75-acre Sri City manufacturing unit.Read more

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