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AIIMS to establish medical device centre in collaboration with Osaka University

The AIIMS administration has now requested a budget of Rs 3 billion from the Union Health Ministry, with the land for the centre already finalised and the government providing in-principle approval.Read more

Centre unveils $15 billion blueprint to establish India as a major chip hub

As part of the new blueprint, the government plans to reduce the capital expenditure subsidy for assembly and testing plants (ATMP/OSAT) from the current 50% to 30% for conventional packaging technologies, and to 40% for advanced packaging technologies. Read more

Rajnath Singh invites US defence companies to establish manufacturing units

He noted that ‘Partnership’ and ‘Joint Efforts’ are key elements that set India’s defence industry collaborations apart from those with other nations.Read more

India to establish 50 e-commerce export hubs over five years

In the current financial year, the plan includes the construction of 10 such hubs to accelerate the growth of merchandise exports via online platformsRead more

Aviation Minister Naidu aims to establish aircraft manufacturing in India

Currently, Boeing and Airbus dominate the global aircraft manufacturing industry, with market shares of over 40% and 60%, respectively. Read more

Foxconn to establish energy storage unit in India

The company is also keen to bring its ‘3+3 strategy’ to the country.Read more

Google to establish key Pixel manufacturing hub in India; Pixel 8 to be first

This strategic shift aims to significantly boost the brand’s market presence in India, where it currently holds a modest 0.25% market share, rising to 1% in the premium segment.Read more

Pakka Limited raises Rs 2.44 billion in funds; to double production capacity

The facility in Ayodhya is expected to become functional by 2026.Read more

Indian MCE industry reports 5% Y-o-Y growth in Q1 FY2025: ICRA

Road construction drives 35-45% of MCE sales in India followed by mining (20-30% share), real estate (10-20%), and othersRead more

Dassault Aviation to establish MRO facility for Mirage 2000 and Rafale fighters

Safran is also considering manufacturing M-88 engines in India, contingent on substantial orders from the IAF.Read more

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