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Component PLI top ask of electronic firms for upcoming Budget
The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.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 activity in India rebounds in June; fastest hiring in 19 years
As a consequence of increases in new order intakes, the rate of job creation was the strongest since March 2005.Read more
Critical EV components to be localised by 2030
Achieving 100% localisation in India is not feasible due to the scarcity of certain rare earth materials, limited lithium-ion mining, and low levels of electronics manufacturing.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
PepsiCo funds Rs1.86 bn for food manufacturing unit expansion to produce Doritos
The plant will create over 1,500 direct and indirect job opportunities and is championing diversity with a target of at least 30% women employees.Read more
Salcomp to invest Rs 18 billion in India operations; triple sales to $3 billion
It is planning to expand the capacities for its new product lines which will include component for handsets.Read more
FSSAI cancels 111 spice producers’ licences manufacturing in India
Most of the revoked licenses belong to small-scale producers from Kerala and Tamil Nadu, with some from Gujarat, Maharashtra, and Madhya Pradesh.Read more
DhaSh PV announces Rs 3.46 billion solar PV manufacturing plant
The facility will additionally manufacture 1000 km of solar cables per day and fully indigenous diodes.Read more
Thales Group & Adani Defence and Aerospace to manufacture 70 mm rockets in India
Recently, Adani Defence and Aerospace also signed a historic agreement with UAE’s Edge Group to create a global platform for defence and aerospace capabilities, further enhancing the technological prowess and reach of Indian defence manufacturing.Read more