Manufacturing

Investment: 46 applications with committed Rs.5,355.44 crore The Government has approved a Production Linked Incentive (PLI) Scheme for promotion of domestic manufacturing by setting up greenfield plants with minimum domestic value addition in four different Target Segments (In Two Fermentation...

Advances in IoT-AI offer a ray of hope of mining sector India needs to invest in research and applications of Internet of Things (IoT) and Artificial Intelligence (AI) for mining sector as these technologies will be cost-saving leading to more...

Electrical, electronics and medical sectors to drive demand The India aluminum extrusion market is projected to reach US$2.5 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027, driven by demand for lightweight and durable extruded products...

Sumitomo given approval for indirect acquisition in wiring business Sumitomo Wiring Systems Limited (SWS), involved as an indirect acquirer, has received approval for the intra-group reorganization of the Motherson Group from the Competition Commission of India (CCI) under Green Channel...

Cloud: Benefits from accelerated time to market, says IKI survey Infosys (NYSE: INFY) unveiled the Infosys Cloud Radar 2021 which has revealed the links between enterprise cloud usage and business growth. The independent study shows that enterprises in the 6...

Businesses optimistic of comprehensive trade pact The UK India Business Council has welcomed the launch of the UK Government’s 14-week business consultation in preparation for UK-India FTA negotiations by Secretary of State for International Trade, Liz Truss. The consultation will...

Solution will help manufacturers embrace the concept of OT Management Larsen & Toubro Infotech (BSE: 540005), (NSE: LTI) has launched ServiceNow based Operational Technology Management solution for the manufacturing industry. The solution aims to address the latent demand of the...

Mobile-based cashless payments increasing investment in retail sector India's Vending Machine Market is expected to witness substantial growth of 14.9% CAGR during 2020-2026 on account of the growing retail industry and rapid urbanization, says a report by ResearchAndMarkets. The Indian...

Aggarwal calls for effective policy measures On the basis of recent movement of PHDCCI Economic & Business Momentum (EBM) Index, the PHD Chamber projects more than 1% growth rate of GDP in Q4 FY 2020-21 and overall GDP growth of...

Engineers to acquire advanced knowledge in Automotive and Manufacturing Technologies L&T Technology Services Limited (BSE: 540115, NSE: LTTS) has signed a collaboration agreement with UK’s Coventry University to build and deliver new generation engineering solutions for the automotive and manufacturing...