Manufacturing

Custom duty on precious metal raised to check cheap imports from China The Union Budget 2023-24 has approved a research grant of Rs.242 crore over a period of 5 years to IIT Madras for lab grown diamond (LGD), enabling its...

R&D center will launch seven new products and projects in 2023 Berry Global Group, Inc. (NYSE: BERY) from Evansville, Indiana, will begin production at its new manufacturing facility and healthcare center of excellence in Bangalore as early as April 2023,...

Agarwal excited about market momentum and customer wins in key markets Pune-headquartered STL (NSE: STLTECH) said its fibre manufacturing facility in China and cable facility in the US have begun commercial operations and will help the company capture new demand,...

Private sector participation is biggest catalyst to change in defence sector The Indian defence industry is going through a transformational phase and the active participation of the private sector is the biggest catalyst to that change, Defence Minister Rajnath Singh...

Digital Mission will help achieve inclusive economic growth smartly, says Goyal Businesses that came to India have always succeeded because of the country’s competitiveness, Commerce and Industry Minister Piyush Goyal has told the Inception Meeting of Business 20 (B20), the...

Market driven by Rs.76.000cr Semicon programme and increasing adoption of smart devices India's Semiconductor Industry is at the growth stage, set for an estimated CAGR of 19.7% from 2022F to 2026F, according to a ResearchAndMarket report on semiconductor industry market...

Plant is key aspect of joint venture with Groupe Atlantic, says Somany India’s Hintastica Private Limited (HPL), along with French JV partner Groupe Atlantic, has commenced production of heating appliances from a Rs.210 crore plant in Jadcherla, Telangana, for the...

2G refineries are being set up to make ethanol, says Puri India, with its ambitious Green Hydrogen Policy, is working with companies in countries like the UK and Germany for manufacturing of electrolysers to make Hydrogen as an energy source...

Sales target for $10.5bn air conditioning-refrigeration systems by 2025 Mitsubishi Electric Corporation (TOKYO: 6503) will invest some 26.7 billion yen (about US$222.5 million) in a factory in India to produce 300,000 room air conditioner outdoor units from October 2025 and...

Army to procure HELINA Anti-Tank Guided Missiles The Defence Acquisition Council (DAC) has accorded “Acceptance of Necessity” (AoN) for three capital acquisition proposals, amounting to Rs.4,276 crore, two of which are for the Indian Army and one for the Indian...