India’s overall exports, merchandise and services combined, in October are estimated to be USD 62.26 billion, exhibiting a positive growth of 9.43 per cent on a yearly basis, official data released on Wednesday showed. Major contributors to export growth in October 2023 include drugs and pharmaceuticals, engineering goods, electronic goods, cotton yarn/fabs/made-ups, handloom products, iron […]
Minister for Electronics and Information Technology Ashwini Vaishnaw announced on Friday at India Mobile Congress (IMC) that nearly 80 per cent of the equipment used in 5G technology is produced within. He further highlighted that locally designed and manufactured telecom equipment is exported to 72 countries in the world. Speaking to the media on the […]
Rajeev Chandrasekhar, Minister of State for Information Technology today announced that the Tata group will start making iPhones from India for domestic and global markets. This after the Tata Group took over Wistron operations in India. The minister said this was a resounding testament to Prime Minister Narendra Modi’s transformative vision for India’s electronics manufacturing […]
Alphabet Inc will manufacture its Pixel smartphones in India, the company announced on Thursday at the ‘Google for India 2023’, the ninth edition of its annual India-specific event. The devices, starting with Pixel 8, are expected to begin rolling out in markets from 2014, Rick Osterloh, senior vice president of devices and services, Google, said […]
Union Minister Piyush Goyal on Thursday asked the industrialists of the country to accelerate production activity and contribute to making India a global hub for manufacturing. “The minister asked the industry to accelerate production activity and contribute to making India a global hub for manufacturing. The Minister emphasized the Government’s steadfast commitment to providing consistent […]
The output of India’s eight core sector industries increased by 12.1 per cent (provisional) on a yearly basis in August 2023. The production of all eight core industries — cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel — recorded positive growth in August over the corresponding month of last year, according […]
Apple is reportedly planning a substantial expansion of its production operations in India, to increase its production value to approximately USD 40 billion over the next four to five years, as per undisclosed government sources cited by news agency PTI. These sources indicate that in the previous fiscal year, Apple achieved a production milestone by […]
Leading commercial vehicle manufacturer Ashok Leyland will set up an electric bus manufacturing unit in Uttar Pradesh. A memorandum of understanding (MoU) was signed in this regard between Ashok Leyland and the Uttar Pradesh government at a programme organised in the presence of Chief Minister Yogi Adityanath on Friday. Under the MoU, Ashok Leyland will […]
Exide Industries has announced a significant investment of over Rs 100 crore in its wholly-owned subsidiary, Exide Energy Solutions Ltd (EESL). The subsidiary specialises in the manufacturing of advanced chemistry battery cells. This announcement was made via a regulatory filing on Thursday. Exide Industries disclosed that the investment was made through a subscription to the […]
PepsiCo India anounced its ‘Partnership of Progress’ with the state of Assam in regard to its first foods manufacturing plant in Nalbari, Assam with an investment of Rs 778 crore (USD 95 Million). Spread over 44.2 acres, the state-of-the-art plant is proposed to be operational in 2025 and aims to provide direct and indirect employment […]
