News

India at take-off stage of development with young population, robust infra growth: Mark Mobius India is now at the take-off stage of development where the young demographic with higher productivity, digitisation of the economy, and a robust infrastructure growth will help the country become a major global economy in the years to come, Mark Mobius, of Mobius EM Opportunities Fund, said on Tuesday.  India remains the world’s fastest-growing economy with investment and private consumption driving growth. The IMF retained India’s gross domestic product (GDP) growth fore...
India at take-off stage of development with young population, robust infra growth: Mark Mobius
India at take-off stage of development with young population, robust infra growth: Mark Mobius
Source: IANS
2024-11-12 04:10:13 pm
India`s diversified export basket driving overall growth India’s export basket has diversified over the last five years into high-value electronics, engineering goods and petroleum products, with the total value of the country’s exports surging by close to 40 per cent -- from $314 billion in 2019-20 to $437 billion in the financial year ended on March 31, 2024.  “Both the qualitative change in favour of high value export goods and the robust growth reflect the strong fundamentals of the economy,” a senior official sa...
India`s diversified export basket driving overall growth
India`s diversified export basket driving overall growth
Source: IANS
2024-11-04 01:58:39 pm
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz To ensure the quality of ‘Make in India’ products and enable ease of doing business, the government on Saturday announced to amend the quality control order (QCO) pertaining to the bicycle retro-reflective devices.  With the QCO amendment, the Department for Promotion of Industry and Internal Trade (DPIIT) has exempted manufacturers for import of 200 bicycle reflectors for research and development of such goods and articles. It has also exempted import of bicycles refle...
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz
Centre amends QCO on bicycle retro-reflective devices for ease of doing biz
Source: IANS
2024-10-26 02:43:12 pm
Leverage India`s unmatched scale: Piyush Goyal tells US companies Union Commerce Minister Piyush Goyal has invited American companies to leverage India’s unmatched scale and take advantage of the ‘Make in India’ initiative, particularly in high-tech manufacturing and quality production.  Minister Goyal, who began his four-day visit to the US this week, had a discussions with existing and potential US investors, highlighting the avenues for cooperation in various sectors. According to a Ministry of Commerce and Industry statement...
Leverage India`s unmatched scale: Piyush Goyal tells US companies
Leverage India`s unmatched scale: Piyush Goyal tells US companies
Source: IANS
2024-10-02 10:22:01 am
Make in India for space, geospatial sector to fuel growth by 2047: Amitabh Kant The Make in India initiative in sectors like space and geospatial will drive growth in the country by 2047, said G20 Sherpa Amitabh Kant on Tuesday.  He was speaking at a high-level seminar on ‘Make in India for Space and Geospatial Sector’, organised by the Geospatial World Chamber of Commerce (GWCC) in the national capital. He emphasised India's growing leadership in the space and geospatial sectors, underscoring the opportunities for both local and international ...
Make in India for space, geospatial sector to fuel growth by 2047: Amitabh Kant
Make in India for space, geospatial sector to fuel growth by 2047: Amitabh Kant
Source: IANS
2024-10-01 12:39:10 pm
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh Union Minister Giriraj Singh has said that the government has prepared a road map for creating 4.5-6 crore jobs in the textile sector by 2030. He also asserted that efforts are being made to take the sector's market size to $350 billion from around $165 billion at present. He noted that the seven PM-MITRA integrated mega textile parks approved earlier will have investment to the tune of Rs 70,000 crore when fully functional, thereby creating 21 lakh jobs.  The minister said that t...
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh
Source: Accord Fintech
2024-09-30 11:45:12 am
PM Narendra Modi’s efforts to help Uttar Pradesh reach $1 trillion economy: Piyush Goyal Prime Minister Narendra Modi’s efforts in developing Uttar Pradesh will help the state reach $1 trillion economy in the first phase, Union Commerce and Industry Minister, Piyush Goyal, has said.  According to the minister, the state government, led by Chief Minister Yogi Adityanath, under the guidance of PM Modi, will help India become a $5 trillion economy in the first phase, and will serve as a cornerstone for India to become a $35 trillion economy and a ‘Viksit Bharat&r...
PM Narendra Modi’s efforts to help Uttar Pradesh reach $1 trillion economy: Piyush Goyal
PM Narendra Modi’s efforts to help Uttar Pradesh reach $1 trillion economy: Piyush Goyal
Source: IANS
2024-09-29 09:47:13 am
Jan Vishwas 2.0 to further boost ‘Make in India’ initiative: Centre The government on Saturday said it is working on nearly 100 rules and laws of various departments to bring ‘Jan Vishwas 2.0’ bill to achieve a greater ease of doing business environment in the country.  The Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement that the work is being done as the priority area under the first 100-day thrust of the present government. To support the “Make in India” initiative, the government enacte...
Jan Vishwas 2.0 to further boost ‘Make in India’ initiative: Centre
Jan Vishwas 2.0 to further boost ‘Make in India’ initiative: Centre
Source: IANS
2024-09-29 08:31:38 am
Make in India is work in progress, we must become manufacturing nation: Amitabh Kant  While the Make in India initiative has completed 10 years, it is still a work in progress and we must become a manufacturing nation, said G20 Sherpa and former NITI Aayog CEO, Amitabh Kant on Friday.   Speaking exclusively to IANS, he said that we must ensure that a minimum of 25 per cent of our GDP comes from the manufacturing sector. He also spoke on various issues ranging from digitisation, AI, health, space and more. Here are some excerpts from the interview: IANS: We ...
Make in India is work in progress, we must become manufacturing nation: Amitabh Kant
Make in India is work in progress, we must become manufacturing nation: Amitabh Kant
Source: IANS
2024-09-28 08:41:28 am
330 million mobile phones being manufactured in India a year: Government India’s electronics sector is currently employing about 1.2 million people all over the country, as 325 to 330 million mobile phones are being manufactured every year, the government said on Thursday.  The country has witnessed rapid growth in electronics manufacturing – from Rs 1.9 lakh crore in 2014-15 to Rs 9.52 lakh crore in production in 2023-24 (with an annual compounded growth rate of 17.4 per cent) and 22.7 per cent export growth. On the 10th anniversary of the ...
330 million mobile phones being manufactured in India a year: Government
330 million mobile phones being manufactured in India a year: Government
Source: IANS
2024-09-27 09:11:00 am
India rising on defence industrial landscape of the world As India’s defence production surged to Rs 1.27 lakh crore in FY23-24, the exports have also soared from Rs 1,000 crore to Rs 21,000 crore, spanning across over 90 nations, further giving a push to the country's 'Make in India' programme towards achieving ‘Atmanirbharta’ in the defence sector.  According to Defence Minister Rajnath Singh, the government under Prime Minister Narendra Modi’s astute leadership introduced ‘Make in India’ pro...
India rising on defence industrial landscape of the world
India rising on defence industrial landscape of the world
Source: IANS
2024-09-26 04:53:02 pm
India marks 10 years of `Make in India` initiative India marked 10 years of 'Make in India' initiative, which was launched on September 25, 2014. The initiative was conceived during a period when India's economic growth had sharply declined, and the country faced critical challenges in sustaining its development trajectory. Against this backdrop, ‘Make in India’ was designed to transform India into a global hub for design and manufacturing.  Its core objectives were to facilitate investment, encourage innovatio...
India marks 10 years of `Make in India` initiative
India marks 10 years of `Make in India` initiative
Source: Accord Fintech
2024-09-26 02:03:39 pm
Indian real estate market set to reach $10 trillion by 2047 The real estate market is expected to play a pivotal role in the economic growth trajectory of India. It will potentially be a $10 trillion market by 2047, accounting for a 14-20 per cent share in the country’s GDP, according to a report on Monday.  The interplay between real estate and India’s economic growth journey over the next few decades is explored in the latest report by Colliers in collaboration with the Confederation of Real Estate Developers' Associations of...
Indian real estate market set to reach $10 trillion by 2047
Indian real estate market set to reach $10 trillion by 2047
Source: IANS
2024-09-23 04:35:53 pm
India has the potential to become $10 trillion economy by 2032 Driven by strong GDP growth and robust manufacturing and emphasis on building infrastructure, India is on its way to becoming the third largest economy soon and has the potential to add $1 trillion to its GDP every 1.5 years to reach the $10 trillion economy mark by 2032, a new report showed on Saturday.   The country is expected to become a $4 trillion economy in 2024–2025, which would make it the world's fourth-largest economy. According to a report by IDBI Capital, the...
India has the potential to become $10 trillion economy by 2032
India has the potential to become $10 trillion economy by 2032
Source: IANS
2024-09-21 05:53:33 pm
Pre-orders for `made in India` iPhone 16 surges, set to break export records Apple has seen a surge in pre-orders for its ‘Make in India’ iPhone 16 in the country, as the company gears up to make its latest iPhone line-up available on September 20, trade analysts said on Thursday, adding that the new devices are set to break previous export records.  The ongoing channel checks suggest that iPhone 16 Pro models are also witnessing a strong traction from buyers, owing to its more strategic and accessible pricing, in comparison to the 15 series. Th...
Pre-orders for `made in India` iPhone 16 surges, set to break export records
Pre-orders for `made in India` iPhone 16 surges, set to break export records
Source: IANS
2024-09-19 12:17:56 pm
Mercedes-Benz to Jaguar Land Rover, India manufacturing in top gear As the market for luxury cars and top-notch electric vehicles (EVs) ramp up in India amid friendly government policies and shifting 'generational mindset’, more and more global automakers are lining up to manufacture/assemble vehicles in India.  The German luxury carmaker Mercedes-Benz has just launched the EQS SUV which is assembled locally in India, which is now the second country to assemble the EQS SUV outside of the US. The made-in-India luxury EV is priced at Rs 1.41 c...
Mercedes-Benz to Jaguar Land Rover, India manufacturing in top gear
Mercedes-Benz to Jaguar Land Rover, India manufacturing in top gear
Source: IANS
2024-09-17 11:54:10 am
Semicon India 2024: Entrepreneurs hail first-of-its kind initiative, call for more such events As the three-day Semicon India 2024 event kicked off in Greater Noida on Wednesday, entrepreneurs and traders were a happy lot as they got to showcase their products and also a chance to connect with respective global business partners.  Many traders at the exhibition welcomed the first-of-its-kind initiative by Prime Minister Narendra Modi-led government and called for making it a regular event, yearly.  Some entrepreneurs said that the Semicon India event helped develop a di...
Semicon India 2024: Entrepreneurs hail first-of-its kind initiative, call for more such events
Semicon India 2024: Entrepreneurs hail first-of-its kind initiative, call for more such events
Source: IANS
2024-09-12 10:01:17 am
Apple reaches $5 billion in iPhone exports from India in April-August period Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal.  According to industry data, this is a growth of over 50 per cent from the same period of first five months in FY24. With the country set to commence production of the flagship iPhone Pro and Pro Max models, the value of iPhone exports is going to jump further in the festive quarter and months ahead, according to the indust...
Apple reaches $5 billion in iPhone exports from India in April-August period
Apple reaches $5 billion in iPhone exports from India in April-August period
Source: IANS
2024-09-11 11:45:49 am
CEOs of top semiconductor firms hail PM Narendra Modi`s leadership As the country geared up to organise the three-day ‘Semicon India 2024’ conference, top CEOs of semiconductor companies on Tuesday hailed Prime Minister Narendra Modi’s leadership, saying he has inspired not just India but the entire world.  Top CEOs and representatives of various organisations met PM Modi at his official residence in the national capital, including SEMI, Micron, NXP, PSMC, IMEC, Renesas, TEPL, Tokyo Electron Ltd, Tower, Synopsys, Cadence, Rapidus, J...
CEOs of top semiconductor firms hail PM Narendra Modi`s leadership
CEOs of top semiconductor firms hail PM Narendra Modi`s leadership
Source: IANS
2024-09-11 10:22:00 am
India has capability to lead global semiconductor supply chain: PM Narendra Modi India has the capability to become a trusted partner in a diversified semiconductor supply chain globally and the government will follow a predictable and stable policy regime, Prime Minister Narendra Modi said on Tuesday.   Chairing the Semiconductor Executives’ Roundtable at his residence in the national capital on the eve of the three-day ‘Semicon India 2024’ event, PM Modi said that the semiconductor is the basis of the Digital Age and the day is not far when the...
India has capability to lead global semiconductor supply chain: PM Narendra Modi
India has capability to lead global semiconductor supply chain: PM Narendra Modi
Source: IANS
2024-09-11 09:57:23 am
`Make in India` initiative to help agrochemicals export cross Rs 80,000 cr in 4 years Exports by the Indian agrochemical industry have witnessed commendable growth in recent times and are likely to cross Rs 80,000 crore in the next four years, according to a new report.  The ‘Make in India’ initiative provides a timely framework to transform challenges into opportunities, enabling India to become a global manufacturing and export hub for agrochemicals. The USP of India's agrochemical industry is quality and affordable prices which makes the products ...
`Make in India` initiative to help agrochemicals export cross Rs 80,000 cr in 4 years
`Make in India` initiative to help agrochemicals export cross Rs 80,000 cr in 4 years
Source: IANS
2024-09-10 02:11:55 pm
Action Construction Equipment rises on winning order from Ministry of Defence Action Construction Equipment is currently trading at Rs. 1251.80, up by 16.20 points or 1.31% from its previous closing of Rs. 1235.60 on the BSE. The scrip opened at Rs. 1258.65 and has touched a high and low of Rs. 1278.15 and Rs. 1250.00 respectively. So far 5234 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1693.05 on 02-Apr-2024 and a 52 week low of Rs. 643.50 on 12-Sep-2023. Last one week high and low o...
Action Construction Equipment rises on winning order from Ministry of Defence
Action Construction Equipment rises on winning order from Ministry of Defence
Source: Accord Fintech
2024-09-10 11:37:59 am
Apple set to build on solid growth momentum in India with iPhone 16 series Apple revenues in India are likely to grow 18 per cent (year-on-year) in 2024 and the new iPhone 16 series would help the company further solidify its presence in the country, along with boosting its exports figures, industry analysts said on Tuesday.  The tech giant has introduced iPhone 16 series with Apple Intelligence, larger display sizes, camera control, innovative pro-camera features and a big leap in battery life. The Pro version is cheaper than last year and this will further...
Apple set to build on solid growth momentum in India with iPhone 16 series
Apple set to build on solid growth momentum in India with iPhone 16 series
Source: IANS
2024-09-10 10:46:21 am
HP, Padget to manufacture laptops, PCs in India, create 1,500 direct jobs: Ashwini Vaishnaw Union Electronics and IT Minister Ashwini Vaishnaw on Monday announced that consumer electronics majors HP Inc and Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and All-in-One PCs at a factory in Tamil Nadu.   Vaishnaw, who is also the Union Minister for Railways and I&B, told reporters here that this is a major success for the production-linked incentive (PLI) scheme under Prime Minister Narendra Modi’s ‘Make in India’ ...
HP, Padget to manufacture laptops, PCs in India, create 1,500 direct jobs: Ashwini Vaishnaw
HP, Padget to manufacture laptops, PCs in India, create 1,500 direct jobs: Ashwini Vaishnaw
Source: IANS
2024-09-10 09:27:24 am
iPhone production in India to reach 25 pc of global shipments by 2025 Buoyed by the ‘Make in India’ initiative and the production-linked incentive (PLI) scheme, iPhone production in India has gone up from less than 1 per cent in 2017 to 10 per cent in 2023 and plans are to scale it up to 25 per cent of global shipments by 2025, according to global investment firm Jefferies.  With the introduction of the mobile PLI scheme, alongside with global supply chain diversification, are driving the surge in Apple’s local manufacturing in India, ...
iPhone production in India to reach 25 pc of global shipments by 2025
iPhone production in India to reach 25 pc of global shipments by 2025
Source: IANS
2024-09-09 05:08:08 pm
India`s defence export projected to grow at 18 pc by 2030 India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing.  According to global investment firm Jefferies, which cited factors such as geopolitical tensions and the government's push to indigenisation the defence sector, opportunities are growing for Indian defence companies. The report further said that the government is also building bilat...
India`s defence export projected to grow at 18 pc by 2030
India`s defence export projected to grow at 18 pc by 2030
Source: IANS
2024-09-09 01:50:41 pm
ET GCC Conclave 2024 : India`s Growing Role in Global Business The Economic Times is hosting the ET GCC Annual Conclave 2024 on October 24, 2024 at Conrad Bengaluru. The event will focus on Global Capability Centers (GCCs) and how they use India's strengths to help multinational companies strengthen their in-house research, production, and technological expertise. India has emerged as the top choice to set up GCCs as the country offers skilled workers, lower costs, and a growing market. These centers help run global companies and bring new tech sk...
ET GCC Conclave 2024 : India`s Growing Role in Global Business
ET GCC Conclave 2024 : India`s Growing Role in Global Business
Source: PR Agency
2024-09-06 12:02:26 pm
Centre targets $1 billion exports of alcoholic beverages as global demand grows  As part of the ‘Make in India’ initiative, the government on Wednesday announced it would promote both Indian alcoholic and non-alcoholic beverages globally, with a target of $1 billion in export revenue over the next few years, amid a surge in global demand for Indian spirits.   The Agricultural and Processed Food Export Development Authority (APEDA), under the Ministry of Commerce and Industry, said it has been targeting to increase exports of Indian spirits to maj...
Centre targets $1 billion exports of alcoholic beverages as global demand grows
Centre targets $1 billion exports of alcoholic beverages as global demand grows
Source: IANS
2024-09-04 04:47:36 pm
E-commerce payments in India projected to cross $292 bn by 2028  Led by growing consumer preference for online shopping and strong internet penetration, India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 18.7 per cent, from $147.3 billion this year to $292.3 billion in 2028, according to a new report.  The future of e-commerce payments in the country appears promising, driven by the government’s initiatives such as ‘Make in India’ and ‘Startup India,’ as well as th...
E-commerce payments in India projected to cross $292 bn by 2028
E-commerce payments in India projected to cross $292 bn by 2028
Source: IANS
2024-08-30 10:24:34 am
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India Riding on robust local production as iPhone manufacturing plants in India continue to create new export records each month, Apple is all set to create 5-6 lakh jobs (direct and indirect) in the coming 1-2 years.  As iPhone exports continue to clock around $1 billion each month thanks to the government’s production-linked incentive (PLI) scheme, the tech giant employs about 2 lakh people, dominated by women employees, across its supply chain that includes vendors and component su...
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
Source: IANS
2024-08-27 11:00:31 am
Swadeshi will make economic development sustainable: Maharashtra Governor Maharashtra Governor C. P. Radhakrishnan on Wednesday said that India is aspiring to become a developed nation by 2047.  Stating that the government is providing a strong impetus to ‘Make in India’, he said Swadeshi will make the economic development of the nation sustainable. The Governor was speaking at the 'Entrepreneurship Promotion Programme' on the occasion of World Entrepreneur Day at the World Trade Centre in Mumbai. The programme was jointly organise...
Swadeshi will make economic development sustainable: Maharashtra Governor
Swadeshi will make economic development sustainable: Maharashtra Governor
Source: IANS
2024-08-22 11:41:31 am
MEIL deploys 2,000 HP hi-tech oil drilling rig for ONGC in Rajahmundry Hyderabad-based Conglomerate Megha Engineering and Infrastructures Ltd (MEIL) has deployed its advanced, fully automated and hydraulic 2,000 HP capacity oil drilling rig at ONGC's Rajahmundry asset in Andhra Pradesh, according to a MEIL statement.  Previously, MEIL has deployed two 2,000 HP capacity land drilling rigs in the same asset. This marks the 3rd rig to be established under the Rajahmundry asset of the ONGC. The new generation, fully-automated oil drilling is made unde...
MEIL deploys 2,000 HP hi-tech oil drilling rig for ONGC in Rajahmundry
MEIL deploys 2,000 HP hi-tech oil drilling rig for ONGC in Rajahmundry
Source: IANS
2024-08-21 09:49:21 am
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024.  The iPhone unit by Tata is being built in Hosur, Tamil Nadu. The iPhone facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago. ...
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
Source: IANS
2024-08-20 02:34:41 pm
India`s defence exports shoot up by 78 pc in April-June India’s exports of military hardware have recorded a 78 per cent jump to Rs 6,915 crore in the April-June quarter of the current financial year (2024-25) from Rs 3,885 crore in the same quarter of 2023-24 reflecting the continuing growth in the defence sector as the country marches towards the Atmanirbhar Bharat goal.  According to the Economic Survey 2023-24, tabled in Parliament on July 22, India recorded its highest-ever defence exports, totalling $2.5 billion (Rs.20,915 cror...
India`s defence exports shoot up by 78 pc in April-June
India`s defence exports shoot up by 78 pc in April-June
Source: IANS
2024-08-13 06:14:05 pm
Tech industry hails PM Narendra Modi's record third term As Narendra Modi is set to take oath as Prime Minister on Sunday, the tech industry hailed his record third term, saying that this continuity will promise stability, consistency and effectiveness in governance, taking the country closer to 'Vision India@2047'.  Congratulating PM Modi on winning the Lok Sabha elections for the third time, Agendra Kumar, Managing Director, Esri India told IANS, with the new government "we can expect the use of satellite imaging, GIS, GeoA...
Tech industry hails PM Narendra Modi's record third term
Tech industry hails PM Narendra Modi's record third term
Source: IANS
2024-06-09 01:45:22 pm
$100 billion worth chips needed for India`s $300 billion electronics production goal by FY26  As India aims to reach $300 billion electronics production by FY26, it will trigger demand for semiconductors worth $90-$100 billion, largely driven by domestic mobile manufacturing -- an opportunity the country must tap. The current electronics manufacturing at nearly $103 billion translates to a semiconductor requirement of $26-$31 billion, considering the industry average of 25 to 30 per cent of chip components in any electronics product’s bill of material (BOM). “W...
$100 billion worth chips needed for India`s $300 billion electronics production goal by FY26
$100 billion worth chips needed for India`s $300 billion electronics production goal by FY26
Source: IANS
2024-05-05 11:55:14 am
India likely to be Apple`s 3rd largest market in next 2 to 3 years As Apple registered strong double-digit growth in India in the March quarter this year, experts on Friday said that the country will likely become the tech giant's third-largest market in the next two to three years. According to Tarun Pathak, Research Director at Counterpoint Research, Apple will continue to grow faster than the market and might grow more than 20 per cent this year in the country. "In India, revenues grew to record levels due to better product mix and channel ...
India likely to be Apple`s 3rd largest market in next 2 to 3 years
India likely to be Apple`s 3rd largest market in next 2 to 3 years
Source: IANS
2024-05-03 04:36:12 pm
ICEA shares blueprint for India to become a global leader in chip value chain  As India embarks on its ambitious semiconductor journey, providing strategic support for chip design firms, bridging the skill gap, enhancing funding mechanisms, leveraging global opportunities and investing in refurbished fabrication units will catapult the country to the forefront of the global semiconductor industry, a report showed on Thursday. In March, Prime Minister Narendra Modi laid the foundation stone for three semiconductor projects worth Rs 1.25 lakh crore. The first ...
ICEA shares blueprint for India to become a global leader in chip value chain
ICEA shares blueprint for India to become a global leader in chip value chain
Source: IANS
2024-04-25 02:00:08 pm
India to become one of biggest chip hubs in next 5 years: Union Railways and IT Minister Ashwini Vaishnaw India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the biggest semiconductor hubs in the world, Union Railways and IT Minister Ashwini Vaishnaw has said. In a wide-ranging interview with IANS, the Union Minister said that in the coming years, Prime Minister Narendra Modi will lay the foundation for the further growth of the industry that will create thousands of jobs. “There is a clear policy on bringing state-o...
India to become one of biggest chip hubs in next 5 years: Union Railways and IT Minister Ashwini Vaishnaw
India to become one of biggest chip hubs in next 5 years: Union Railways and IT Minister Ashwini Vaishnaw
Source: IANS
2024-04-24 03:54:20 pm
This is how Tesla can produce a Rs 20 lakh 'Make in India' EV Elon Musk is coming to India for the first time to spend at least 48 hours in the country later this month. As all eyes are on what the billionaire would announce during his meeting with Prime Minister Narendra Modi and industry leaders, Tesla lovers have only one question: When will they finally be able to drive a 'Make in India', affordable EV? A cheaper Model 3, which is the entry-level Tesla, can only be possible with local manufacturing of battery components and a strong EV su...
This is how Tesla can produce a Rs 20 lakh 'Make in India' EV
This is how Tesla can produce a Rs 20 lakh 'Make in India' EV
Source: IANS
2024-04-13 05:48:02 pm
Zoho`s Sridhar Vembu says `will work to create advanced chip design`facility in TN`s Tenkasi Responding to the post of Ananthan Ayyasamy, a BJP leader from Tamil Nadu's (TN) Tenkasi, Zoho founder and CEO Sridhar Vembu on Friday said that they "will work together to create advanced chip design facility in this rural region". Ayyasamy, former Engineering Director at Intel and the Convenor of TN's Start-up Cell has shared a post on the social media platform X, saying that under the leadership of Prime Minister Narendra Modi and TN BJP state president K. Annamalai &q...
Zoho`s Sridhar Vembu says `will work to create advanced chip design`facility in TN`s Tenkasi
Zoho`s Sridhar Vembu says `will work to create advanced chip design`facility in TN`s Tenkasi
Source: IANS
2024-03-22 03:11:15 pm
Jupiter Wagons announces acquisition of Bonatrans India for Rs 271 crore Railway wagon and passenger coach major Jupiter Wagons Limited (JWL) announced the acquisition of Bonatrans India Private Limited (BIPL) for a sum of Rs 271 crore on Thursday. This strategic move marks a significant milestone for JWL, as it became the first rolling stock manufacturing company to have its own wheel plant. Situated at Chhatrapati Sambhajinagar ( formerly Aurangabad) in Maharashtra, BIPL rolls out wheelsets. With a production capacity of 20,000 wheels and 10,000 axles a...
Jupiter Wagons announces acquisition of Bonatrans India for Rs 271 crore
Jupiter Wagons announces acquisition of Bonatrans India for Rs 271 crore
Source: IANS
2024-03-22 09:44:12 am
CIL to buy more India-made machinery, phase out imports in 6 years Coal India Ltd (CIL) has devised a strategic plan to phase out imports of costly heavy mining machinery and replace it with domestically manufactured equipment over the next six years, the Coal Ministry said on Thursday. Currently, CIL imports high-capacity equipment, such as Electric Rope Shovels, Hydraulic Shovels, Dumpers, Crawler Dozers, Drills, Motor Graders, and Front-End Loaders Wheel Dozer, valued at Rs 3,500 crores, with additional expenses of Rs 1000 crores in customs duty. An...
CIL to buy more India-made machinery, phase out imports in 6 years
CIL to buy more India-made machinery, phase out imports in 6 years
Source: IANS
2023-11-24 09:05:58 am
India surgical sutures market to grow to $380 mn in 2030 The domestic surgical sutures market will continue to grow at a compound annual growth rate of over 13 per cent to reach $380 million in 2030, according to a report on Monday.Minimal access surgeries (MAS) have gained significant importance in recent times owing to reduced post-operative pain, shorter hospital stays, and quicker recovery of patients. In India where a large population seeks affordable healthcare, the success of MAS heavily relies on efficient suturing techniques that are ...
India surgical sutures market to grow to $380 mn in 2030
India surgical sutures market to grow to $380 mn in 2030
Source: IANS
2023-09-11 02:12:26pm