News

India`s MRI systems market to reach $950 mn by 2030  The domestic magnetic resonance imaging (MRI) systems market will continue to grow at a compound annual growth rate of over 13 per cent to reach $950 million by 2030, according to a report on Thursday. Being home to the largest population in the world, India has an alarmingly increasing rise in chronic and lifestyle diseases. With an increasing emphasis on medical diagnosis before treatments and a growing demand for advanced imaging tools, the need for MRI systems has emerged as an i...
India`s MRI systems market to reach $950 mn by 2030
India`s MRI systems market to reach $950 mn by 2030
Source: IANS
24/08/2023 4:54:26 PM
Honeywell launches new airfield ground lighting manufacturing facility in India US-based consumer technology company Honeywell on Wednesday announced the launch of its Airfield Ground Lighting (AGL) manufacturing facility in Gurugram. A ‘make in India’ product engineered and manufactured completely in the country, it will play a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies.  “The new Honeywell LED lighting solution for runways and taxiwa...
Honeywell launches new airfield ground lighting manufacturing facility in India
Honeywell launches new airfield ground lighting manufacturing facility in India
Source: IANS
23/08/2023 11:12:58 AM
Apple to export `Make in India` iPhone 15 faster than ever, production to begin   In another push to its India manufacturing dream, Apple maker Foxconn is all geared up to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility near Tamil Nadu faster than ever, as the company doubles down on the ‘Make in India’ initiative. Sources close to the development told IANS that Apple aims to deliver locally-assembled iPhone 15 as soon as it is launched globally in the middle of next month, in order to narrow the launch-...
Apple to export `Make in India` iPhone 15 faster than ever, production to begin
Apple to export `Make in India` iPhone 15 faster than ever, production to begin
Source: IANS
16/08/2023 11:47:57 AM
Mobile production crosses 2 bn units under `Make in India` initiative  'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate (CAGR), latest research showed on Monday. The huge internal demand, increasing digital literacy and government push are the major reasons for this growth. As a result, India has become the second-biggest mobile phone-producing country, according to Counterpoint Research. "In 2022, more than 98 per cent of shipments ...
Mobile production crosses 2 bn units under `Make in India` initiative
Mobile production crosses 2 bn units under `Make in India` initiative
Source: IANS
14/08/2023 12:58:51 PM
Samsung eyes record foldable sales in India with tapping new & existing users The new ‘Make in India’ Samsung foldables, to be churned out from its Noida factory in Uttar Pradesh, will not only woo existing users to upgrade to the fifth generation of devices but also tap new and aspirational users join the super-premium ecosystem via its EMI route and unique offers, top Samsung India executives said here on Friday. Raju Pullan, Senior Vice President, Mobile Business, Samsung India, told IANS that with Samsung Finance+ and cash-back schemes, the Galaxy Z ...
Samsung eyes record foldable sales in India with tapping new & existing users
Samsung eyes record foldable sales in India with tapping new & existing users
Source: IANS
28/07/2023 9:38:16 AM
Samsung digital lending platform has brought financial inclusion in India: JB Park The ‘Make in India’ digital lending platform called Samsung Finance+ has made it easy for millions of Indian consumers afford their favourite smartphones and empower themselves amid the digital transformation the country is going through, according to JB Park, President and CEO of Samsung Southwest Asia (India, Bangladesh, Nepal and Sri Lanka). Launched in 2019, Samsung Finance+ has driven smartphone business worth over $1 billion (by the end of 2022). Park’s vision in...
Samsung digital lending platform has brought financial inclusion in India: JB Park
Samsung digital lending platform has brought financial inclusion in India: JB Park
Source: IANS
25/07/2023 9:19:08 AM
HP Inc to further boost its local manufacturing footprint in India: CEO As supply chain disruptions continue to haunt tech companies globally, PC and printer major, HP Inc is bullish on manufacturing its next-gen range of products locally in India, to address the domestic market in a much better and efficient way, the company's CEO Enrique Lores has emphasised. Lores told IANS that India is a key market for HP where growth continues to happen and the company continues to see more opportunities going forward. "We will increase our manufacturing fo...
HP Inc to further boost its local manufacturing footprint in India: CEO
HP Inc to further boost its local manufacturing footprint in India: CEO
Source: IANS
30/03/2023 10:37:15 AM
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023 Defence Minister Rajnath Singh on Monday urged Indian and global industry leaders to support the governments push for design, development and manufacture of cutting-edge products using critical technologies in the country to attain complete Aatmanirbharta in the field of defence. "The overall objective is to achieve shared global peace and prosperity," he said while addressing a gathering of over 70 CEOs from local and global original equipment manufacturers (OEMs) during a Round...
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
Source: IANS
14/02/2023 11:09:27 AM
Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India In the upcoming Railway Budget, the emphasis will be on the development of infrastructure, 'Make in India' high-speed trains and the completion of incomplete railway projects. In the Union Budget 2023-24, the entire emphasis of the Modi government will be on infrastructure development, especially projects related to Railways and getting high-speed trains becoming operational as soon as possible. The Modi government is working on increasing the railway budget by 20-25 per cent ...
Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India
Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India
Source: IANS
29/01/2023 12:04:31 PM
Industry expects Budget to provide thrust to UDAN, help more airports to take off Along with the increase in air traffic, the country has witnessed growth in the aviation infrastructure especially in terms of more routes and development of airports. Keeping in view the past growth in the air traffic, Industry expects that the upcoming Budget will give wings to the aviation sector. The ambitious regional connectivity scheme UDAN (Ude Desh ka Aam Nagrik) is one such scheme of the government and it is going to add more feathers to its cap in the coming time. While 453 rout...
Industry expects Budget to provide thrust to UDAN, help more airports to take off
Industry expects Budget to provide thrust to UDAN, help more airports to take off
Source: IANS
29/01/2023 11:44:17 AM
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative GRSE signs landmark MoU for Production of Marine Engines under 'Make in India' Initiative In a major step aimed towards bolstering the 'Make in India' initiative, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a Memorandum of Understanding (MoU) with Rolls Royce Solutions of Germany for manufacture of high quality marine diesel engines. The MoU was signed on January 27, 2023 by Cmde. PR Hari, IN (Retd), CMD, GRSE and Shri GS Selwyn, MD, MTU India in the august pr...
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative
GRSE signs landmark MoU for Production of Marine Engines under `Make in India` Initiative
Source: PR Agency
28/01/2023 5:18:48 PM
Apple eyes India, Vietnam to replace China as its key manufacturer China, which is still the key Apple supplier, may lose its tag as leading iPhone manufacturer as Apple looks at India and Vietnam to bolster its supply chain, the media reported on Saturday. Largest Apple supplier Foxconn has "quietly finalised plans" to relocate some of its Apple iPad and MacBook production to Vietnam, reports The South China Morning Post. Apple has reportedly cut back on orders citing weakening demand in potential blow to its Chinese suppliers amid Covid dis...
Apple eyes India, Vietnam to replace China as its key manufacturer
Apple eyes India, Vietnam to replace China as its key manufacturer
Source: IANS
14/01/2023 5:36:51 PM
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India' Wall Street major Goldman Sachs does not expect any significant reforms to be announced in this budget, but some details on incentives for 'Make in India', a roadmap on direct tax code implementation, and rationalization of subsidies, particularly fertilizers. The Indian Union budget will be presented on February 1 as the final full-year budget under the current administration before the national elections in mid-2024. This comes at a time when the government is trying to weigh ...
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
Narendra Modi government final full budget to focus on welfare spending, reduction of subsidies, 'Make in India'
Source: Accord Fintech
11/01/2023 12:42:09 PM
L&T Heavy Engineering Wins Multiple Orders in Q3 FY23 The Heavy Engineering arm of Larsen & Toubro has won multiple orders (Significant) in Q3 of FY23. In the overseas market, L&T Heavy Engineering secured orders for one of the heaviest Reactors and Screw Plug Heat Exchangers for a refinery in Mexico. These orders reflect the customer’s faith on L&T Heavy Engineering’s reliability and commitment. The Business also secured orders for supply of critical Reactors and Vessels for blue ammonia projects in USA and Uzbekistan. T...
L&T Heavy Engineering Wins Multiple Orders in Q3 FY23
L&T Heavy Engineering Wins Multiple Orders in Q3 FY23
Source: PR Agency
10/01/2023 1:59:53 PM
'Make in India' TV shipments grow 33% to reach 5 mn units  The India TV market grew exponentially in the festive season last year and 'Make in India' TV shipments grew 33 per cent (on-quarter) in the July-September period to reach 5 million units, a report showed on Tuesday. Dixon led the 'Make in India' TV shipments, followed by Radiant. In the electronic wearables category, the true wireless stereo (TWS) segment led in terms of local manufacturing with almost 37 per cent of its shipments being manufactured in the country...
'Make in India' TV shipments grow 33% to reach 5 mn units
'Make in India' TV shipments grow 33% to reach 5 mn units
Source: IANS
10/01/2023 1:44:24 PM
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh Defence Minister Rajnath Singh on Saturday said the government is working and committed to increasing the defence production target from current $12 billion to $22 billion by 2025. "You (industry) can imagine, with this kind of growth, how many opportunities will be available for the Indian industry," the Defence Minister said while addressing FICCI's 95th Annual Convention & AGM here. He further underlined that to increase the participation of domestic industry, the g...
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Source: IANS
17/12/2022 4:13:58 PM
Videotex International begins manufacturing webOS Hub 2.0 in India Videotex International on Monday announced it has become the strategic original design manufacturer (ODM) partner of the webOS (operating system) Hub, with manufacturing webOS Hub 2.0 in the country. Videotex has already onboarded over 15 leading smart TV brands, which includes Lloyd, BPL, Hyundai, Akai, Vise, Daiwa, Compaq and others, for manufacturing TVs operated with webOS Hub. "Following the success of webOS Hub 1.0, we are excited to transition to webOS Hub 2.0, which is smar...
Videotex International begins manufacturing webOS Hub 2.0 in India
Videotex International begins manufacturing webOS Hub 2.0 in India
Source: IANS
7/11/2022 12:51:55 PM
HFCL rises on getting approval under PLI Scheme HFCL is currently trading at Rs. 83.65, up by 0.60 points or 0.72% from its previous closing of Rs. 83.05 on the BSE. The scrip opened at Rs. 83.15 and has touched a high and low of Rs. 84.85 and Rs. 82.60 respectively. So far 494483 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.35 on 17-Jan-2022 and a 52 week low of Rs. 51.55 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 85.15 and R...
HFCL rises on getting approval under PLI Scheme
HFCL rises on getting approval under PLI Scheme
Source: Accord Fintech
2/11/2022 11:42:09 AM
ABB India surges on opening first smart instrumentation factory in Bangalore ABB India is currently trading at Rs. 3137.10, up by 89.60 points or 2.94% from its previous closing of Rs. 3047.50 on the BSE. The scrip opened at Rs. 3056.15 and has touched a high and low of Rs. 3192.75 and Rs. 3056.15 respectively. So far 10404 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3445.65 on 02-Sep-2022 and a 52 week low of Rs. 1944.60 on 28-Mar-2022. Last one week high and low of the scrip stood ...
ABB India surges on opening first smart instrumentation factory in Bangalore
ABB India surges on opening first smart instrumentation factory in Bangalore
Source: Accord Fintech
1/11/2022 2:52:07 PM
C-295 aircraft facility big step to become truly 'Aatmanirbhar': Chandrasekaran Prime Minister Narendra Modi on Sunday laid the foundation stone for a C-295 transport aircraft manufacturing plant here, expressing hope that soon passenger aircraft will be manufactured in India with the 'Make in India' tagline. The C-295 transport aircraft for the Indian Air Force (IAF) will be manufactured by Tata-Airbus with an investment of Rs 20,000 crore. Speaking on the occasion, TATA Sons Chairman N. Chandrasekaran said, "With the setting up of the Final Assembly ...
C-295 aircraft facility big step to become truly 'Aatmanirbhar': Chandrasekaran
C-295 aircraft facility big step to become truly 'Aatmanirbhar': Chandrasekaran
Source: IANS
30/10/2022 5:36:16 PM
Japan`s Kishida lauds Shinkansen bullet train project in India as a model for world  Spotlighting the ongoing Mumbai-Ahmedabad High Speed Rail Project in India, Japanese Prime Minister Fumio Kishida hoped on Thursday that Japan's Shinkansen technology will be adopted around the world. Addressing the International High-Speed Rail Association (IHRA) Forum 2022 which began in the central Japanese city of Nagoya on Thursday, Kishida said that the Shinkansen - a term used to describe bullet trains in Japan - has been embraced in Taiwan, India, and the United States. ...
Japan`s Kishida lauds Shinkansen bullet train project in India as a model for world
Japan`s Kishida lauds Shinkansen bullet train project in India as a model for world
Source: IANS
28/10/2022 3:09:23 PM
`Make in India` completes eight years, annual FDI nearly doubles to $83 bn Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as 'Make in India', the flagship scheme of the government to facilitate investment and foster innovation, completed eight years. As per the Ministry of Commerce and Industry, FDI inflows stood at $45.15 billion in 2014-2015. The year 2021-22 recorded the highest ever FDI at $83.6 billion. According to the ministry, to attract foreign investments, the government has put in place a liberal and transparent policy ...
`Make in India` completes eight years, annual FDI nearly doubles to $83 bn
`Make in India` completes eight years, annual FDI nearly doubles to $83 bn
Source: IANS
24/09/2022 6:02:42 PM
'Make in India' smartphones share reach 16% with 44 mn units  In order to meet the criteria for performance-linked incentive (PLI) scheme, 'Make in India' smartphone shipments grew 16 per cent year-on-year to reach 44 million units in the first quarter of this financial year, according to a new report. The Indian government's push with multiple PLI schemes has been showing a positive impact and "we saw increased local manufacturing share in product segments like smartwatch, TWS, neckband and tablet", said Counterpoint Rese...
'Make in India' smartphones share reach 16% with 44 mn units
'Make in India' smartphones share reach 16% with 44 mn units
Source: IANS
17/09/2022 4:20:36 PM