Manufacturing

18 ‘Champion OEM’ and 67 ‘Component Champion’ implementing PLI Auto Programme Tata Motors and Mahindra & Mahindra have been issued Advanced Automotive Technology (AAT) and Domestic Value Addition (DVA) certificates while Rs.11,958 crore investments have been reported for the auto...

Re-bidding for balance 20 GWh capacities is under process Three companies, with Rs.14,810 crore investment, have signed the Programme Agreement to implement the PLI ACC Scheme for setting up manufacturing facilities of 30 GWh ACC capacity, the Ministry of Heavy...

Bhajanka aims to develop Badvel as agroindustry hub Century Plyboards (India) Ltd (CenturyPly) has announced a Rs.1,000 crore expansion plan at its newly inaugurated Badvel, Andhra Pradesh, factory, following on to the Rs.950 crore phase I completion. Keshav Bhajanka, Executive...

Central Govt to provide 40% cost of BESS At least 85% of power from VGF-funded Battery Energy Storage Systems (BESS) projects to be first offered to Discoms before making it available for others, Minister for Power and New & Renewable...

World-class industrial infrastructure would attract cutting edge technology, says Ministry The Textile Ministry expects nearly Rs.70,000 crore investment and 20 lakhs employment generation under the PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks Scheme to develop world class...

Sustainability is core to Schneider’s mission and purpose, says Tamoud Schneider Electric’s Hyderabad factory has been recognized by the World Economic Forum as a Sustainability Lighthouse, following on to the group receiving similar recognition for its factories in Lexington, Kentucky,...

Allocations for development of technologies for Automotive Sector Ministry of Heavy Industries (MHI) has sanctioned Rs.326.14 crore for ‘Enhancement of Competitiveness in the Indian Capital Goods Sector – Phase 2’, to date. It is implementing the Scheme for ‘Enhancement of...

Mukherjee acknowledges ADB support for economic clusters A US$250 million policy-based loan from the Asian Development Bank (ADB) will continue to support the industrial corridor development to make manufacturing more competitive, strengthen national supply chains and links with regional and...

Krishnan calls on the industry to focus on component manufacturing India should aim for 40% local value addition in electronics as there is no one country that is ever going to own the entire value chain, according to S Krishnan,...

Nahar says latest funding strengthens position as market leader in India Bengaluru-headquartered PlasmaGen Biosciences has raised Rs.225 crores from UK-based Artian Investments, prominent public market investor Ashish Kacholia, pharmaceutical entrepreneurs Anurag Bagaria and Dushyant Patel and other noteable HNI investors....