This rise is largely attributed to favourable government policies like the Production Linked Incentive (PLI) scheme, which covers 14 sectors, and the global shift towards the "China + 1" strategy, where manufacturers diversify supply chains away from China.
Outsourcing is primarily geared toward cost efficiency in international markets rather than benefiting domestic consumers through reduced prices says the report.
New Delhi [India], September 26: Lava International Ltd., the leading homegrown smartphone manufacturer, expands its Yuva series with the new Lava O3. Priced at Rs 5579 (inclusive of bank offers) this smartphone is designed to cater First-time customers with enhanced performance and impressi
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein.
Pune (Maharashtra) [India], September 25: Uprotec Group, a leading manufacturer and exporter of high-quality earthing products, has announced the successful implementation of its state-of-the-art earthing and lightning protection systems at a major manufacturing facility. The project is part
Brebes [Indonesia], September 25: TotalEnergies ENEOS has successfully completed the installation of a 2.5 megawatt-peak (MWp) solar rooftop system for Indonesia's leading shoe manufacturer and partner of globally renowned sportwear brand, PT Bintang Indokarya Gemilang.
India is actively participating in global efforts to combat the illicit manufacture and trafficking of synthetic drugs, exemplified by its role as co-chair of Working Group 1, said External Affairs Minister S Jaishankar during his address on Synthetic Drug Threats at the Summit for the Gl
Bengaluru (Karnataka) [India], September 24: Cycle Pure Agarbathi, India's leading agarbathi manufacturer, recently honored forest watchers and guards for their exceptional contributions to the protection of India's forests and wildlife at the 12th Annual Wildlife Service Awards. The event t
Mumbai (Maharashtra) [India], September 24: Divyadhan Recycling Industries Limited, a manufacturer of Recycled Polyester Staple Fibre and Recycled Pellets, proposes to open its Initial Public Offering on September 26, 2024, aiming to raise Rs 24.17 crore (calculated on upper band), with shar
Mumbai (Maharashtra) [India], September 24: Supreme Power Equipment Limited (SPEL), (NSE Code: SUPREMEPWR), one of the leading manufacturers of power and distribution transformers, announced that it has been awarded an order worth Rs 26 Cr by a solar energy company.
In a significant development, a major manufacturer of French aircraft, Dassault Aviation has started a new Maintenance, Repair and Overhaul (MRO) facility in Noida to provide support to the French-origin fighter jets operating in the Indian Air Force.
Mumbai (Maharashtra) [India], September 23: The Indian Electrical & Electronics Manufacturers' Association (IEEMA), the apex association representing the Indian electrical and allied electronic manufacturing industry, announced the appointment of Sunil Singhvi, CEO (Energy), Secure Meter