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Union Budget 2025: Government To Boost Footwear, Leather, And Toy Manufacturing Sectors
In the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman revealed plans to launch a focused scheme for the footwear and leather sectors, as well as initiatives to establish India as a global toy manufacturing hub.
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India To Be EV Export Hub; Focus On SUVs: Toshihiro Suzuki
Suzuki will manufacture the e-Vitara in India and export it to global markets. The company shares its roadmap to regain 50 per cent domestic market share.
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Mahindra Unveils New EV Manufacturing, Battery Assembly Facility For XEV 9e, BE 6
Mahindra has allocated Rs 4,500 crore out of the total Rs 16,000 crore planned in the F22-F27 investment cycle. Mahindra's EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem.
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At Rs 21,000 Crore, Defence Exports Rise 10-Fold In Ten Years: Rajnath Singh
India's aim to become a global manufacturing hub for defence has taken a leap in the last decade with a ten-fold rise in defence exports, said Defence Minister Rajnath Singh.
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IISc Launches Pravriddhi Product Accelerator Programme to Develop Innovative Solutions
The Indian Institute of Science (IISc) has launched Pravriddhi, a national product accelerator, to enhance India’s manufacturing capabilities. By promoting collaboration among academic institutions, enterprises, and research labs, the programme aims to tackle challenges in the sector, reduce dependency on imports, and position India as a global m...
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India To Be Production Hub For Emerging Markets For Hyundai: Unsoo Kim
Hyundai, the country's second-largest carmaker, has drawn up ambitious expansion plans for making India a production hub that will also cater to the rising export demand for its vehicles in the emerging mark
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India To Become Next Chip Manufacturing Hub: Ashwini Vaishnaw
Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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India Is Becoming Manufacturing Hub Of The World: Ashwini Vaishnaw
The minister highlighted that while most of Europe still relies on 3G and 4G networks, India has already implemented 5G as early as 2022.
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"In 5 Years, We Will...": Congress Chief's Big Promise For 'Make In India'
Mallikarjun Kharge, the president of the Indian National Congress today said that his party resolves to make the country a manufacturing hub by raising the share of manufacturing from 14% to 20% of GDP in the next five years.
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IT Ministry Wants to Match China, beat Vietnam in Smartphone Exports Race, Documents Show
The government must "act fast" to lure global companies with lower tariffs and risks losing out to China and Vietnam as it seeks to become a major smartphone export hub according to Minister of State for Electronics and IT Rajeev Chandrasekhar. The government is attracting several companies such as Apple, Foxconn and Samsung to manufacture their de...
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
-
Volunteers Wade Through Water To Give Food To People In Rain-Hit Chennai, Plants Still Shut
Volunteers waded through stagnant water to hand out food and supplies, and some manufacturing plants remained shut in the tech-and-auto hub district of Chennai on Friday, four days after cyclone Michaung lashed the coast.
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India To Be 3rd Largest Economy By 2030, May Become Global Manufacturing Hub: S&P
S&P Global Ratings today said India will be the world's third-largest economy by 2030, but a major test for the country would be to unlock the 'immense opportunity' and become the next big global manufacturing hub.
-
Union Budget 2025: Government To Boost Footwear, Leather, And Toy Manufacturing Sectors
In the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman revealed plans to launch a focused scheme for the footwear and leather sectors, as well as initiatives to establish India as a global toy manufacturing hub.
-
India To Be EV Export Hub; Focus On SUVs: Toshihiro Suzuki
Suzuki will manufacture the e-Vitara in India and export it to global markets. The company shares its roadmap to regain 50 per cent domestic market share.
-
Mahindra Unveils New EV Manufacturing, Battery Assembly Facility For XEV 9e, BE 6
Mahindra has allocated Rs 4,500 crore out of the total Rs 16,000 crore planned in the F22-F27 investment cycle. Mahindra's EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem.
-
At Rs 21,000 Crore, Defence Exports Rise 10-Fold In Ten Years: Rajnath Singh
India's aim to become a global manufacturing hub for defence has taken a leap in the last decade with a ten-fold rise in defence exports, said Defence Minister Rajnath Singh.
-
IISc Launches Pravriddhi Product Accelerator Programme to Develop Innovative Solutions
The Indian Institute of Science (IISc) has launched Pravriddhi, a national product accelerator, to enhance India’s manufacturing capabilities. By promoting collaboration among academic institutions, enterprises, and research labs, the programme aims to tackle challenges in the sector, reduce dependency on imports, and position India as a global m...
-
India To Be Production Hub For Emerging Markets For Hyundai: Unsoo Kim
Hyundai, the country's second-largest carmaker, has drawn up ambitious expansion plans for making India a production hub that will also cater to the rising export demand for its vehicles in the emerging mark
-
India To Become Next Chip Manufacturing Hub: Ashwini Vaishnaw
Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
India Is Becoming Manufacturing Hub Of The World: Ashwini Vaishnaw
The minister highlighted that while most of Europe still relies on 3G and 4G networks, India has already implemented 5G as early as 2022.
-
"In 5 Years, We Will...": Congress Chief's Big Promise For 'Make In India'
Mallikarjun Kharge, the president of the Indian National Congress today said that his party resolves to make the country a manufacturing hub by raising the share of manufacturing from 14% to 20% of GDP in the next five years.
-
IT Ministry Wants to Match China, beat Vietnam in Smartphone Exports Race, Documents Show
The government must "act fast" to lure global companies with lower tariffs and risks losing out to China and Vietnam as it seeks to become a major smartphone export hub according to Minister of State for Electronics and IT Rajeev Chandrasekhar. The government is attracting several companies such as Apple, Foxconn and Samsung to manufacture their de...
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Government Cuts Import Duty on Some Phone Parts to 10 Percent in Boost for Apple, Xiaomi
Indian government has cut the import duty on some parts used in making mobile phones to 10 percent from 15 percent, a move benefiting companies like Apple and Xiaomi that manufacture in Asia's third-largest economy.
-
Volunteers Wade Through Water To Give Food To People In Rain-Hit Chennai, Plants Still Shut
Volunteers waded through stagnant water to hand out food and supplies, and some manufacturing plants remained shut in the tech-and-auto hub district of Chennai on Friday, four days after cyclone Michaung lashed the coast.
-
India To Be 3rd Largest Economy By 2030, May Become Global Manufacturing Hub: S&P
S&P Global Ratings today said India will be the world's third-largest economy by 2030, but a major test for the country would be to unlock the 'immense opportunity' and become the next big global manufacturing hub.
