Manufacturing News - Latest Updates & Headlines
Boeing supply chain in India exporting Rs 10,000 cr worth plane parts every year
Bengaluru, Feb 13: Boeing’s supply chain in India is exporting an impressive Rs 10,000 crore worth of aerospace components every year, making the US plane maker the largest foreign manufacturer in the country, Boeing India President Salil Gupte has said.
India to introduce new policies for toys, footwear manufacturing: Piyush Goyal
Bengaluru, February 13: Union Minister of Commerce and Industry, Piyush Goyal, announced that the government will soon introduce new policies to further promote the manufacturing of toys and footwear in India. The aim is to make the country a global leader in these sectors.
Timeline for Small Pharma Manufacturers' compliance with revised schedule 'M' extended
New Delhi, February 13: The Ministry of Health & Family Welfare has conditionally extended the due date for implementation of revised Schedule M (Good Manufacturing Practices provision) in respect of small and medium manufacturers having turnover of Rs. 250 crores or less, up to December 31, as stated in press release.
Indigenous defence equipment is attraction for the world, says Rajnath Singh
Bengaluru, February 12: Indigenously developed defence equipment are not only protecting India's borders but also becoming the centre of attraction for the entire world, said Defence Minister Rajnath Singh in Bengaluru.
India's Index of Industrial Production records 3.2% growth in December
New Delhi, February 12: The Index of Industrial Production (IIP) grew 3.2 per cent in December which was 5.2 per cent the month prior, quick estimates released by the statistics ministry showed Wednesday.
Assam to become global semiconductor manufacturing hub: CM
Guwahati, Feb 12: Chief Minister Himanta Biswa Sarma on Wednesday said that the state government aims to make Assam a hub of semiconductor manufacturing facilities worldwide while asserting that the upcoming semiconductor manufacturing plant in the state is in the final stage.
Giriraj Singh inaugurates Greater Noida leg of Bharat Tex 2025
Greater Noida, February 12: Union Minister of Textiles on Wednesday inaugurated garment technology, dyes and chemicals, handicraft events at the India Expo Centre and Mart, Greater Noida.
Industrial production registered 3.2 per cent growth in Dec 2024: Data
New Delhi, Feb 12: India's industrial growth, based on the Index of Industrial Production (IIP), was recorded at 3.2 per cent in December 2024, according to the data released by the Ministry of Statistics on Wednesday.
Firms in 10 major manufacturing sectors to invest $81.8 billion in 2025
Seoul, Feb 12: South Korean companies in 10 key manufacturing sectors, including the semiconductor industry, plan to invest a combined 119 trillion won ($81.8 billion) this year to foster sustainable growth, the industry ministry here said on Wednesday.
85% of acquisition by Indian Army is indigenous in nature: Army Chief General Dwivedi
Bengaluru, February 12: Indian Army Chief General Upendra Dwivedi on Tuesday announced that a whopping 85 per cent of the army's acquisitions are now indigenous, marking a significant milestone in the country's journey towards self-reliance in defense production.
Game changer: Lam Research announces major investment of over Rs 10,000 cr in India's semiconductor sector
New Delhi, February 12: In a significant boost to India's semiconductor ambitions, Lam Research, a US-based semiconductor services company, has announced a major investment of over Rs 10,000 crore in India. This move
An unforgettable experience of flying a jet at Aero India 2025: Civil Aviation Minister Ram Mohan Naidu
Bengaluru, February 11: Civil Aviation Minister Ram Mohan Naidu on Tuesday took a sortie on an indigenous jet aircraft, HJT-36 'Yashas', during the Aero India show in Bengaluru.
Indian stainless steel Industry raised concerns on proposed US tariffs, asked for fair market access
New Delhi, February 11: The Indian stainless steel industry is facing a significant challenge with the looming threat of renewed tariffs under US President Donald Trump's proposed trade policies
Trump formally announces 25 pc tariffs on all steel, aluminium imports
Washington, Feb 11: US President Donald Trump has announced plans to impose 25 per cent tariffs on all steel and aluminum imports coming into the United States "without exceptions or exemptions," raising concerns over its ramifications on South Korean and other exporters.
Budget provisions will boost technical textile market which stands at USD 29 bn: Rubix Report
New Delhi, February 11: The technical textiles market in India, worth USD 29 billion in 2023-24, is set for significant expansion, fuelled by Budget 2025's increase in Basic Customs Duty (BCD) on knitted fabrics and tax breaks for textile machinery, according to Rubix Data Sciences, an analytics services provider.
Strengthening domestic defence manufacturing going to be major growth pillar for Indian economy: Rajnath Singh at Aero India
Bengaluru, February 10: Defence Minister Rajnath Singh on Monday said that strengthening domestic defence manufacturing is going to be a major growth pillar for Indian economy to facilitate the transition from a developing to a developed country by 2047.
250 MoUs signed to set up industrial units in UP, TN Defence Industrial Corridors: Rajnath Singh
Bengaluru, February 10: Defence Minister Rajnath Singh on Monday said that 250 Memorandum of Understandings (MoUs) have been signed for setting up industrial units in the Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu.
Rolls-Royce to double supply chain sourcing from India in next 5 years
New Delhi, Feb 10: Aerospace giant Rolls-Royce announced on Monday that it plans to double its supply chain sourcing from India over the next five years.
Aero India 2025: Shivakumar bats for incentives to boost aircraft, helicopter manufacturing
Bengaluru, Feb 10: Karnataka Deputy Chief Minister D.K. Shivakumar has urged Defence Minister Rajnath Singh to provide incentives for aircraft and helicopter manufacturers to establish their industries in Karnataka and across the country.
'Make in India' booster: Nothing to locally manufacture new smartphone series
New Delhi, Feb 10: Aligning with the government's 'Make in India' initiative, London-based technology company Nothing on Monday announced that its latest Phone (3a) series will be manufactured in the country.
Growth momentum of India's manufacturing sector continues says FICCI Survey
New Delhi, February 10: The Growth momentum of India's manufacturing sector continues with 83 per cent of manufacturers reporting either higher or stable production levels, making this the second-highest index recorded in recent years, according to the Federation of Indian Chambers of Commerce and Industry (FICCI) survey.
Aero India 2025: India a global hub for aerospace components & defence manufacturing, says Rajnath Singh
Bengaluru, Feb 10: Defence Minister Rajnath Singh, while inaugurating Asia's largest five-day air show -- 'Aero India 2025' -- declared that "India has become a globally preferred destination for aerospace components and complex system assembly."
PLI scheme for electronics manufacturing has created over 1.37 lakh direct jobs: Govt
New Delhi, Feb 10: The production-linked incentive (PLI) scheme for electronics manufacturing has succeeded in attracting a cumulative investment to the tune of Rs 10,213 crore till December 2024, leading to the creation of over 1.37 lakh direct jobs and boosting the country exports, according to information tabled in the Parliament.
Madhya Pradesh emerging as leading textile hub: CM Mohan Yadav ahead of Global Investors Summit 2025
Bhopal, February 10: Ahead of the Madhya Pradesh Global Investors Summit (GIS) 2025, Chief Minister Mohan Yadav said on Monday that the state has emerged with immense potential in the textile and apparel industry and that the event will further propel industrial growth by showcasing investment opportunities to global investors.
PLI booster: Apple iPhones hit record exports of Rs 1 lakh cr in 10 months this fiscal
New Delhi, Feb 10: Riding on the government's production-linked incentive (PLI) scheme, Apple has reached all-time high iPhone export figures from India at Rs 1 lakh crore for the 10 months (April-January) in the current financial year (FY25).
Aero India drives Govt's vision for strong, secure, and self-reliant India: Rajnath Singh at curtain raiser event in Bengaluru
Bengaluru, February 9: Aero India is a crucial platform that drives forward the government's vision of a "strong, capable, secure and self-reliant India," said Defence Minister Rajnath Singh in Bangalore on Sunday.
900 exhibitors, 150 foreign companies to participate in 'biggest-ever' Aero India
New Delhi, 9 Feb: The 15th edition of Aero India, "Asia's biggest aerospace and defence exhibition", will commence at the Yelahanka Air Force Station in Bengaluru, Karnataka on February 10.
India's total trade to reach USD 1.8 trillion by 2033, growing at 6.4% CAGR: Report
New Delhi, February 9: India's total trade is expected to grow at a compound annual growth rate (CAGR) of 6.4 per cent through 2033, reaching USD 1.8 trillion annually, according to a BCG report.
India's CDMO market set to double by 2028 amid Asia's healthcare boom
New Delhi, February 9: India's Contract Development and Manufacturing Organization (CDMO) market is poised for exponential growth, expected to expand from USD 7 billion to USD 14 billion by 2028, capturing 4-5 per cent of the global market, according to BCG report.
PLI for electronics manufacturing attracted Rs 10,213 crore investments: Minister
New Delhi, February 9: The Production Linked Scheme (PLI) for electronics manufacturing is performing well and it has attracted a cumulative investment of Rs 10,213 crore till December 2024, Union Minister of State for electronics and information technology Jitin Prasada informed Rajya Sabha this week.
India's semiconductor consumption market to grow at a 13 pc CAGR through 2030
New Delhi, Feb 9: Driven by the government's production-linked incentive (PLI) scheme, India's semiconductor consumption market which is valued at $52 billion in 2024-25 is expected to grow at a robust CAGR of 13 per cent through 2030.
MP's cultural heritage will be on display at GIS-2025: CM Mohan Yadav
Bhopal, Feb 8: Chief Minister Mohan Yadav on Saturday said the upcoming Global Investors Summit in Bhopal will create an ample opportunity to establish Madhya Pradesh's cultural and industrial potential, besides providing a platform for investment and business opportunities.
PLI success, robust exports, job growth: BJP busts Congress claim on manufacturing sector
New Delhi, Feb 8: Slamming the Congress Party's claim on slow manufacturing sector growth under the NDA regime, the BJP has said that it is actually the other way round and from 2009 to 2014, the average growth rate of the manufacturing sector was at a meagre 5.6 per cent and the sector even backtracked in 2013-14, declining by 0.7 per cent as compared to 2012-13.
Specialty steel companies committed investment worth Rs 27,106 crore under PLI
New Delhi, February 8: Specialty steel companies have committed to an investment worth Rs 27,106 crore so far, and of which Rs 18,848 crore has been achieved till December, 2024, MoS Steel Bhupathiraju Srinivasa Varma informed Rajya Sabha in a written reply.
New semiconductor policy expected to attract investors: Madhya Pradesh CM
Bhopal, Feb 8: The Madhya Pradesh government will present its semiconductor manufacturing policy to attract investors during the upcoming Global Investors Summit (GIS) - 2025 scheduled for February 24-25 here.
BioE3 cells in all states can boost India's Biotech revolution: Jitendra Singh
New Delhi, Feb 7: Union Minister of State for Science and Technology Dr. Jitendra Singh on Friday urged states to establish BioE3 Cells to boost the biotechnology revolution in India and help in realising Bio-Vision for Viksit Bharat by 2047.
Innovation, quality assurance key to defence exports: Secretary Sanjeev Kumar
New Delhi, Feb 7: Innovation, collaboration and quality assurance are pivotal for making India a global leader in defence exports, Secretary (Defence Production) Sanjeev Kumar said on Friday.
Companies have committed investment of Rs 27,106 crore under PLI scheme for specialty steel, says Union Minister
New Delhi, February 7: Production Linked Incentive (PLI) Scheme for specialty steel was launched with the objective of attracting investment to boost the production of value-added steel in the country and participating companies committed to an investment of Rs. 27,106 crore out of which Rs.18,848 crore has been achieved till December, 2024, the government informed Parliament on Friday.
India set to boost defence exports, Industry Quality Assurance conclave held in New Delhi
New Delhi, February 7: The Industry Quality Assurance (QA) Conclave, on the theme 'Collaborative Quality Assurance: Bridging the Gap Between Industry and Defence,' was held in New Delhi on February 07, according to the official statement.
MoS for Steel and Heavy Industries highlights benefits under second round of PLI scheme
New Delhi, February 7: Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma informed the Rajya Sabha on Friday that multiple steps have been taken to ensure wider participation in the second round of Production Linked Incentive (PLI) scheme for specialty steel.