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Budget 24-25: 12 ‘plug & play’ industrial parks to be created under NICDP
The Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. Read more
Carl Zeiss to invest Rs 25 billion in Indian lens manufacturing plant
Carl Zeiss reported Rs 18 billion in business from India last year.Read more
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
Dixon Tech buys 56% stake in manufacturing service provider Ismartu India
Dixon Technologies is known for its EMS offerings across various segments, including lighting solutions, televisions, washing machines, security systems, wearables, and hearables.Read more
India’s pharma sector likely to double post US Biosecure Act
At present, China’s CDMO industry commands 8% global market share compared to India’s 2.7%. Read more
Agriculture production giant CNH India rolls 700,000 tractors in Greater Noida
Currently, the Greater Noida plant manufactures tractors, engines, Power Take Offs (PTOs), and axles for the domestic market and exports to over 75 countries across Asia, Africa, the Middle East, Australia, and North America.Read more
Henkel India completes Phase III Maharashtra manufacturing facility
Henkel aims to achieve carbon neutrality in Kurkumbh for Scope 1 and 2 emissions by 2030, supported by a green electrical energy Power Purchase Agreement and on-site solar panels.Read more
India to target $500 billion in electronics manufacturing by 2030; NITI Aayog
NITI Aayog highlighted that the $4.3 trillion global electronics market is dominated by countries such as China, Taiwan, the US, South Korea, Vietnam, and Malaysia.Read more
Toshiba to invest JPY 10 bn in growing Indian manufacturing unit by 1.5 for T&D equipment
With this investment, TTDI will increase its assembly and test line capacity for distribution transformers and power transformers for the transmission grids and distribution networks. 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