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Budget 24-25: 12 ‘plug & play’ industrial parks to be created under NICDP
The Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. Read more
DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
Imperial Auto Industries Ltd buys German metal manufacturer Biebighäuser
Biebighäuser manufactures and supplies components to the largest European OEMs including Volkswagen, BMW and Mercedes. Read more
India’s pharma sector likely to double post US Biosecure Act
At present, China’s CDMO industry commands 8% global market share compared to India’s 2.7%. Read more
Focus on Downstream Aluminium in India
The sector has proactively adopted strategic initiatives to boost its capabilities and economic impact.Read more
Tata Motors aims to make EVs more accessible for customers
In this interview, Rakesh Rao spoke to Anand Kulkarni, Chief Products Officer, Head of HV Programs and Customer Service, Tata Passenger Electric Mobility Ltd, to understand challenges and opportunities in India's electric vehicle market.Read more
SIAM hosts workshop and unveils ‘SIAM EV Talent Landscape in India’ report
The report was unveiled by Chief Guest, Shri H D Kumaraswamy, Hon’ble Union Minister of Heavy Industries & Steel, Government of India.Read more
Joel George appointed as Kinetic Green VP Sales of 3-wheeler business
Kinetic Green is a pioneering and established OEM in India’s E3W and E2W space. Read more
GOI to implement equal 5% GST on all aircraft and engine parts to boost industry
The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more
China tightens rules for solar PV manufacturing
It increases the minimum capital ratio required for new construction and expansions in the photovoltaic sector to 30%, up from previous requirements of 30% for polysilicon projects and 20% for other PV manufacturing projects. Read more