Manufacturing

Hopes on Budget 2021-22 to accelerate economic growth The Reserve Bank of India (RBI) has kept benchmark interest rate unchanged at 4% while maintaining an accommodative stance, implying rate cuts in the future if need arises to support the COVID-19...

Five-year contract for HAL's Bengaluru Foundry and Forge Division GE Aviation has initiated the development of a raw material supply chain in India under a "Make in India" under a Rs.100 crore (US$15 million) contract signed with Hindustan Aeronautics Ltd...

Composite raw material MoU signed Hindustan Aeronautics Limited's (HAL) two deals signed at the Aero India 2021 are to present a Request for Proposal (RFP) from the Indian Air Force for their Basic Trainers requirement and a Memorandum of Understanding...

Make in India 2.0 focus on 27 sectors Domestically Manufactured Iron & Steel Products (DMI&SP) Policy has been suitably amended vide notification dated 31 December, 2020, in order to align it to the revised Public Procurement (Preference to Make in...

Facilities for keeping Indian Navy assets combat ready OSK India Pvt Ltd (OIPL) has signed an MoU with United Shipbuilding Corporation (OSK) of Russia for maintenance and servicing of Indian naval ships and for manufacturing & supply of spares. Speaking...

IAF-Industry to set up repair and overhaul facilities in India Aviatech Enterprises Pvt Ltd (AEPL) has entered into a ‘Framework Agreement’ with Joint Stock Company Russian Aircraft Corporation (RAC} MiG of Moscow to be the in-country authorised partner for providing...

Economic recovery to provide opportunity for India The Production Linked Incentive (PLI) Scheme will be a game changer and put India's focus on technology exports such as electronics, electrical machinery and automobiles, which accounts for over 35% of global imports,...

Report identifies $50bn EV financing market in 2030 India will require a cumulative capital investment of US$266 billion (Rs.19.7 lakh crore) in Eelectric Vehicles (EVs), charging infrastructure, and batteries over the next decade for the country to transition fo EV...

Sports goods manufacturing faced slump during pandemic India has an untapped potential of US$110 million a year for exports of sports goods which in 2019-20 was US$278.9 million, according to Export-Import Bank of India. Some of the key strategies highlighted...

India emerges as hub IoT products for global markets Cavli Wireless Inc, an emerging player in cellular Internet of Things (IoT) technology from the United States, has partnered with GCT Semiconductor to license the chipsets and manufacture LPWAN, LTE, and...