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Motherson Group joins Apple India supply chain with BIEL Crystal partnership

Corning, another key Apple supplier, is expected to begin production at its Tamil Nadu facility in late 2025.Read more

Škoda Auto India vehicles receive ARAI E20 compliance certification

Škoda is among the first few OEMs to receive E20 compliance from an official body.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

Govt to extend easy visa rules to all companies in PLI sectors

The PLI scheme covers sectors such as mobile phones, drones, white goods, telecom, textiles, automobiles, and pharmaceutical drugs.Read more

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

Under PLI scheme at least six of eight sectors to switch to quarterly disbursals

DPIIT is planning to hold the next stakeholder review after the budget announcement for 2024-25.Read more

How to build India’s global manufacturing capabilities?

The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.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

Tax deducted at source implications on year-end provisions

TDS is required to be deducted at the time of payment or credit in books to the account of the recipient, whichever is earlier.Read more

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