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Happy Forgings to invest Rs 6.5 billion in a heavy component manufacturing plant

The investment will be financed through a combination of internal accruals and partial debt, with production expected to commence by the end of FY2027. Read more

Mastercam acquires FASTech to strengthen manufacturing solutions

By incorporating FASTech's regional expertise, Mastercam enhances its ability to offer innovative solutions and exceptional service to customers in the Midwest.Read more

India poised to become the global drone hub; Says EY-FICCI report

Experts agree that India can reduce global reliance on Chinese drones, particularly as developed economies adopt the China Plus One strategy. Read more

Indian Army seeks vendors for 23mm anti-drone ammunition manufacturing

The deadline for submitting proposals is February 17, 2025. Read more

India targets $500 billion semiconductor manufacturing by 2030

The newly inaugurated facilities, the Digital India RISC-V SoC (System on Chip) Design Laboratory and the Digital India RISC-V Embedded System Design Laboratory, mark a significant leap in India's efforts to advance semiconductor technology. Read more

Indian manufacturing sector ends 2024 with modest growth, December PMI at 56.4

November's PMI had already shown a decline to 56.5, a joint 11-month low, from 57.5 in October, indicating a manufacturing slowdown.Read more

India unveils Rs 250 billion plan for electronics components manufacturing

The scheme will adopt a different incentive structure, as components and subassemblies are capital-intensive, unlike smartphones where smaller investments are required for larger manufacturing operations. Read more

Waaree begins trial production at Gujarat solar cell manufacturing facility

At 5.4 GW capacity, the plant attains the position as India’s largest advanced solar cell manufacturing facility.Read more

Nu-Vu Conair unveils manufacturing facility

Spanning an impressive 60,332 sq. ft., the new facility is strategically designed to enhance their production capacity, enabling us to meet the increasing customer demand with greater efficiency by implementing LEAN principles that help in delivering equipment of highest quality with shortest lead time.Read more

ICEA proposes lowering taxes and tariffs to boost electronic manufacturing

For the 2025-26 Budget, ICEA has suggested removing the 2.5% duty on parts such as PCBA (Printed Circuit Board Assembly), FPCs (Flexible Printed Circuits), camera modules, and connectors, to make manufacturing more affordable. Read more

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