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India's start-up ecosystem is relatively low; says Dr Chintan Vaishnav
With approximately 140,000 start-ups registered under the Atal Innovation Mission, India has one start-up for every 10,000 people. In contrast, Israel and Germany boast one start-up per 1,000 to 2,000 people.Read more
DAC approves Rs 1.45 trillion defence orders; to boost PSUs
In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more
Government to launch FAME III scheme within two months
Domestic sales for three-wheelers reached 59,073 units in July 2024, marking a 5.1% year-on-year increase, while two-wheeler sales surged to 1.44 million units, reflecting a 12.5% growth. Read more
Sunkind to establish 1.5 GW solar module manufacturing plant by April 2025
The project is expected to generate employment for over 500 people, aligning with the goals of ‘Viksit Rajasthan’ and ‘Viksit Bharat’ by 2047.Read more
ZETWERK gets ARAI certification for Made in India 60kW & 120kW DC fast chargers
ZETWERK is currently engaged in R&D to expand its product offerings and is currently working on next-generation Super DC Chargers with capacities of 240kW and 360kW.Read more
Interarch Building Products invests Rs 950 million+ in PEB manufacturing plant
The plant will add 60,000 MT per annum over 2 phases, increasing the overall capacity to 200,000 MT per annum.Read more
Minda Corp signs TLA with Sanco to offer EDS solutions for EVs
Under this agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU) and Battery Distribution Units (BDU).Read more
Maxion Wheels Inaugurates first Formare program in India
India selected as the third country of operation for academic scholarship program, with the goal to support the Indian government’s Economic Weaker Section and skill development initiative.Read more
Air India to construct mega MRO facility in Bengaluru
Air India has also signed an agreement with SIA Engineering Company (SIAEC) to be its strategic partner for the development of this MRO facility.Read more
Government unlikely to ease restrictions on Chinese telecom vendors
Officials confirmed that while companies like ZTE can manufacture products in India, they must adhere to the government's "trusted sources" policy, which prohibits the deployment of non-trusted equipment in Indian networks.Read more