Manufacturing

Modi highlights importance of drones in defence, disaster management, agriculture and tourism Prime Minister Narendra Modi wants to create a strong drone manufacturing ecosystem in India through schemes like Production Linked Incentive (PLI) scheme, citing the technology potential. “We are...

Schmall wants to contribute significantly to the electrification of India Volkswagen and Mahindra & Mahindra Ltd (M&M) are exploring the use of MEB electric components for Mahindra’s new ‘“Born Electric Platform’” under a Partnering Agreement signed on 18 May 2022...

Sitharaman says Centre to bear Rs.220,000cr a year revenue implication from duty cuts The Government has made big changes on duties for export and import of raw materials to reduce costs and boost domestic production of essential products and materials...

Kulaste also cautioned the steel industry about the challenges from substitutes India has exported a record 13.5 million tonnes of products out of 113.6 million tonnes of finished steel produced in 2021-22, Minister of State for Steel Faggan Singh Kulaste...

DIC announces strategy for expanding presence in coating resins in Asia Japan’s DIC Corporation’s (TOKYO:4631) wholly-owned subsidiary Ideal Chemi Plast Private Limited has commenced construction of a new coating resins production facility in Supa industrial area of Maharashtra, to increase...

Veritas believes in nurturing local talent, says Alugas Santa Clara, California-headquartered Veritas Technologies has invested in a 273,000 sq ft facility at Balewadi, Pune, saying it is a critical launchpad that will play a major role in the continued evolution...

Khuba says $196.89bn RE projects underway India is committed to increase domestic manufacturing of high efficiency Solar PV modules for which Rs.24,000 crore is required while estimated Rs.25,425 crore is needed to promote green hydrogen economy, Minister of State for...

Additive manufacturing is a rapidly evolving area of manufacturing, says Prof Baskaran Australia’s Deakin University and National Centre for Additive Manufacturing (NCAM) have signed a Memorandum of Understanding (MoU) to work toward a long-term vision to develop a self-sustainable ecosystem...

Chakan facility reflects commitment to manufacture world class healthcare equipment in India, says Mazon Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, will further invest in India in addition to expanding its factory at Chakan, Maharashtra,...

Gupta sees SME’s growing interest in other forms of flexible financing solutions A recent survey by EquiDEI blockchain-based financial services provider revealed that 75% of manufacturing businesses said that they “don’t trust the banking services” when it comes to loans...