South Korean carmaker Hyundai collaborates with three IITs for batteries & electrification R&D
Dec 04, 2024, at 02:01 am
New Delhi: Hyundai Motor Group announced collaborations with three Indian Institutes of Technology (IITs) on Tuesday to develop a research framework focused on batteries and electrification.
India planning to expand EV incentive program to encourage new and existing manufacturers
Nov 29, 2024, at 10:55 pm
New Delhi: India is planning to broaden its electric vehicle (EV) incentive program to include automakers producing EVs at existing factories, rather than restricting the benefits to those building new plants, Reuters reported, citing a source familiar with the matter.
India plans $5 billion incentive scheme to boost local electronics manufacturing
Nov 23, 2024, at 05:04 am
New Delhi: India is set to introduce an incentive program worth up to $5 billion to encourage domestic manufacturing of components for gadgets such as mobile phones and laptops, media reports said.
India must do more to boost manufacturing and job creation: Raghuram Rajan
Sep 28, 2024, at 12:07 am
Mumbai: India has made significant progress in infrastructure over the past decade, but more needs to be done in other sectors to enhance local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
Semicon India 2024: PM Modi aims for India’s electronics sector to reach $500 billion by 2030
Sep 11, 2024, at 11:11 pm
Noida (UP): Prime Minister Narendra Modi has set a target of expanding India's electronics sector to $500 billion by the end of the decade.
Sep 11, 2024, at 07:09 am
New Delhi: Lockheed Martin, a U.S.-based defence company, has partnered with Tata Advanced Systems Ltd to strengthen their collaboration on the C-130J Super Hercules tactical airlifter project, media reports said.
iPhone production in India expected to account for 25% of global shipments by 2025, says report
Sep 10, 2024, at 09:46 pm
New Delhi/IBNS: Driven by the 'Make in India' initiative and the production-linked incentive (PLI) scheme, Apple's flagship iPhone production in India has increased from under 1 percent in 2017 to 10 percent in 2023, and the American tech giant's goal is to scale up this figure to 25 percent of global shipments by 2025, according to a latest report by global investment firm Jefferies.
DRDO approves 7 new projects to boost India's defence production
Jul 13, 2024, at 03:18 am
New Delhi: The Defence Research & Development Organisation (DRDO) has made a big move towards bolstering India's self-reliance in the defence sector by approving seven new projects under the Technology Development Fund (TDF) scheme, media reported.
Jaguar Land Rover to make iconic Range Rover models in India; prices likely to come down
May 24, 2024, at 10:00 pm
Mumbai: Jaguar Land Rover has said it will start assembling the iconic Range Rover models at the Pune plant in India, marking the first time this process will occur outside of the UK.
AJAX Engineering becomes first Indian concreting equipment manufacturer to export Slip-form Paver
May 15, 2024, at 05:13 am
Kolkata: AJAX Engineering, India's premier concreting equipment manufacturer, becomes the country’s first manufacturer to export Slip-form Pavers, a specialised heavy concrete equipment utilised primarily in large scale infrastructure projects for the efficient and precise laying of concrete.
India's defence sector holds prospect of USD 138 billion from FY24 to FY32
May 13, 2024, at 05:30 am
New Delhi: Amid increasing demand for defence equipment, technologies, and services, India's defence sector holds a substantial ordering prospect of nearly USD 138 billion from FY24 to FY32 for companies involved in defence production and technology advancement, according to a report titled 'India Defence' by Nomura.
Apr 17, 2024, at 02:05 am
Bengaluru: Apple is in talks with the Murugappa Group and Tata Group's Titan Company for manufacturing sub-components for iPhone camera modules, media reports said.
India eyes US$100 billion annual FDI from investors looking to diversify from China
Apr 07, 2024, at 08:36 pm
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
Manufacturing will be India's focus in next 5 yrs: Ashwini Vaishnaw
Mar 08, 2024, at 12:53 am
New Delhi: Manufacturing will be India’s focus in the next five years owing to huge employment potential, IT Minister Ashwini Vaishnaw said on Thursday.
C-DOT and Qualcomm sign MoU to build innovative telecom solutions in India
Mar 02, 2024, at 05:14 am
New Delhi: The Centre for Development of Telematics (C-DOT) announced plans to collaborate with Qualcomm Technologies Inc, a subsidiary of Qualcomm Incorporated, to establish a strategic partnership that will foster innovation in India and support India-based developers and start-ups working on innovative products and use cases.
Mar 02, 2024, at 03:29 am
New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
Govt's talks with Elon Musk's Tesla to gain momentum after general elections: Report
Feb 21, 2024, at 03:35 am
New Delhi: Discussions between the Indian Government and Tesla in connection with Tesla's entry into the electric vehicles (EV) sector in India are expected to slow down due to the upcoming general elections, a media report said.
Feb 01, 2024, at 04:07 am
Bengaluru: Taiwan-headquartered electronics firm Wistron (ICT Service Management Solutions) and the Karnataka government inked a memorandum of understanding (MoU) on Wednesday to set up a laptop manufacturing unit that may bolster job creation in the state, media reports said.
Union Cabinet approves MoU signed between India and EU on Semiconductors
Jan 19, 2024, at 06:33 am
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) signed between India and the European Commission on Working Arrangements on Semiconductors Ecosystems, its supply chain and innovation under the framework of EU-India Trade and Technology Council (TTC).
PLI Schemes witness over Rs 1.03 lakh crore of investment till Nov 2023
Jan 18, 2024, at 08:27 am
New Delhi: Production Linked Incentive (PLI) Schemes witnessed over Rs. 1.03 lakh crore of investment till November 2023, leading to production/ sales of Rs. 8.61 lakh crore and direct and indirect employment generation of over 6.78 lakhs, according to the Commerce and Industry ministry.
Dec 08, 2023, at 03:16 am
New Delhi/UNI: Painting a rosy picture of the economy and stating that the Indian economy remains the fastest-growing economy in the world, Finance Minister Nirmala Sitharaman on Thursday said that all sectors of the economy are performing well.
India and Tesla inching closer to a 'Make In India' deal: Report
Nov 22, 2023, at 07:35 am
New Delhi: India is nearing a deal closure with Elon Musk’s Tesla Inc. to enable the American automaker to export its electric vehicles to the country starting next year and establish a manufacturing facility within two years, Bloomberg reported citing sources familiar with the developments.
Intel to provide expertise to 8 Indian companies to create 'Make In India' laptops
Nov 04, 2023, at 04:20 am
Leading tech company Intel has joined forces with eight Indian firms located in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Tamil Nadu, and Haryana to accelerate the production of laptops in the country, media reports said.
Govt amends white goods PLI scheme rules for chosen candidates
Oct 12, 2023, at 04:59 am
New Delhi: The government, on Wednesday, tweaked the Production Linked Incentive (PLI) scheme rules for white goods for the selected candidates by modifying the method for assessing production value for internal consumption, sales to affiliated firms, and associated entities.
Sep 16, 2023, at 03:16 am
New Delhi: Xiaomi's supplier, Dixon Technologies India Ltd., is poised to set up a massive new factory on the outskirts of New Delhi, aligning with India's push for Chinese tech companies to collaborate with local assembly partners, Bloomberg reported.
Foxconn partners with STMicroelectronics NV to set up semiconductor factory in India
Sep 08, 2023, at 06:44 am
New Delhi: Foxconn Technology Group is partnering with STMicroelectronics NV to boost its chances of securing government incentives to build a semiconductor factory in India, Bloomberg reported.
Jun 24, 2023, at 04:37 am
New Delhi: The first ‘Made-in-India’ chips are expected to be launched by December 2024 and the country is expected to have around 4-5 semiconductor facilities established within a year, Union Minister for Communications and IT Ashwini Vaishnaw said on Friday.
Jun 14, 2023, at 04:59 am
New Delhi: The Production Linked Incentive (PLI) Schemes have led to a significant increase in production, employment generation, economic growth and exports in the country, a top government official said.
Centre invites new applications after reopening semiconductor incentive scheme
Jun 01, 2023, at 03:35 am
New Delhi: The Union government on Wednesday declared its plan to invite applications for the implementation of semiconductor and display fabrication units in India starting tomorrow.
Top Tesla execs to visit India to explore supply chain expansion outside China: Report
May 17, 2023, at 05:12 am
Amid ongoing trade tensions between the United States and China, companies such as Tesla are quickly understanding the need to redirect their focus away from China.