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Automation & robotics industry is expected to grow at 13% CAGR

Schaeffler has been contributing to the growth of industrial automation and robotics sector with right technology products. The company is enhancing its offerings as integrated solution provider and not limiting as a component supplier.Read more

All set to scale new heights

India’s merchandise exports crossed $ 400 billion (approximately Rs 30.44 trillion) on March 21, 2022 (10 days ahead of the closure of FY2021-22), according to Piyush Goyal, Union Minister of Commerce and Industry.Read more

PLI scheme helps auto part makers ride the EV boom

A slew of policy measures - PLI schemes (for auto OEM & auto component), extension FAME 2, etc - in the recent past will create more opportunities in electric vehicle space. Auto component players seem to be all geared up for a new paradigm in the market, says Rakesh Rao.Read more

PLI scheme to account for 13-15% capex in key sectors

Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.Read more

CRISIL: PLI scheme to lead to capex of Rs 2.5-3 trn

Production Linked Incentive (PLI) scheme has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 trillion. The nine sectors have an export potential of Rs 11 trillion.Read more

Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

Indian Govt approves 75 auto component makers for incentives under PLI Scheme

Ninety two auto component manufacturers had applied for the scheme, which has sanctioned outlay of Rs 26,000 crores for the automotive sectorRead more

Vedanta and Foxconn ink pact for manufacturing semiconductors in India

Vedanta Group and Hon Hai Technology Group, world’s largest electronics manufacturing company, has signed an MoU to form a joint venture company that will manufacture semiconductors in India.Read more

PLI scheme is a clear gamechanger for electronics sector

PG Electroplast, electronic components, Vikas Gupta, Promod Gupta, AC Component, PLI scheme, plastic components, washing machines, air conditioners, air coolers, LED televisions, plastic moulded components, electronic manufacturing services, Rakesh RaoRead more

Sparr Electronics plans to scale up production capacity

As a manufacturing of electronics and communication products, Sparr Electronics offers a strategic partnership with solution providers or software automation companies to address the various hardware challenges. Read more

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