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Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more
PepsiCo funds Rs1.86 bn for food manufacturing unit expansion to produce Doritos
The plant will create over 1,500 direct and indirect job opportunities and is championing diversity with a target of at least 30% women employees.Read more
Salcomp to invest Rs 18 billion in India operations; triple sales to $3 billion
It is planning to expand the capacities for its new product lines which will include component for handsets.Read more
FSSAI cancels 111 spice producers’ licences manufacturing in India
Most of the revoked licenses belong to small-scale producers from Kerala and Tamil Nadu, with some from Gujarat, Maharashtra, and Madhya Pradesh.Read more
DhaSh PV announces Rs 3.46 billion solar PV manufacturing plant
The facility will additionally manufacture 1000 km of solar cables per day and fully indigenous diodes.Read more
Thales Group & Adani Defence and Aerospace to manufacture 70 mm rockets in India
Recently, Adani Defence and Aerospace also signed a historic agreement with UAE’s Edge Group to create a global platform for defence and aerospace capabilities, further enhancing the technological prowess and reach of Indian defence manufacturing.Read more
DEUTZ signs pact with TAFE for India expansion
The agricultural and construction sector will play a major role in achieving this strong growth.Read more
Suzlon Energy appoints Gurpratap Boparai CEO-Manufacturing
Before joining Suzlon, Boparai held a significant position at Mahindra and Mahindra Limited, where he led the automotive businesses in Europe as CEO.Read more
Temico Motor to make powertrains for Indian EV manufacturers
It is expected to start mass production after gaining certification from the Bureau of Indian Standards next month.Read more
Unicorn Ola Electric develops solid-state battery
Ola Electric plans to supply these cells to other electric vehicle manufacturers and renewable energy firms. Read more