News: The country’s industrial output grew 4.1 per cent in April, compared with 2.5 per cent in March, which is a good news for the government’s ‘Make in India’ programme and a good start to financial year 2015-16. In April, the rate of manufacturing growth rose to 5.1 per cent, against ...
Read More »Mercedes to manufacture SUV in India
News: Mercedes Benz has decided to manufacture the GLA entry SUV in India, the first market after Germany. German automaker Mercedes-Benz plans to increase the number of cars it makes in India, hoping to trim retail prices to help grab a bigger share of a luxury car market where competition ...
Read More »Foxconn in talks to manufacture iPhone in India
News: Foxconn Technology is in talks to manufacture Apple’s iPhone in India. In a move that could lower prices in the world’s No.3 smartphone market where the US firm trails Samsung Electronics and local players. India could help Foxconn mitigate accelerating wage inflation in China, where it makes the majority ...
Read More »Sweden to collaborate with India on submarines and fighters
News: Sweden has offered to collaborate with India on production of light combat aircraft in the country along with state-of-the-art submarines as part of the ‘Make-in-India’ initiative. Highlights of the Meeting: Both the countries have discussed issues of mutual interests concerning bilateral defense cooperation and regional security scenario. They have ...
Read More »Haier plans to invest Rs 370 Crore in its Pune plant
News Chinese appliances maker Haier has signed a memorandum of understanding with the Maharashtra Government and plans to invest Rs 370 crore in its Pune plant to scale up operations. The investment will be used to expand manufacturing capacity of refrigerators besides adding new products, such as washing machines, air-conditioners, LED television panels, ...
Read More »Job creation increased by 118 per cent.
The Make in India and Skill India initiatives appears to have paid off to the government of India as job creation percentage has doubled off between July and Dec 2014. According to a labour ministry survey released, 2.75 lakh jobs were created in eight key sectors during the six months, an ...
Read More »Finance Minister Arun Jaitley Inaugurated the New Bank Note Paper Line
News The foundation stone for this New Bank Note Paper Line was laid on 17.12.2011 by the then Finance Minister, Shri Pranab Mukherjee. The project has been completed at a cost of Rs. 495 crore within the budget and within the time schedule. This New Security Paper Mill in Hoshangabad ...
Read More »Technology Development for Capital Goods: Constraints & the way Forward
News Anant Geete Inaugurates DHI-FICCI Workshop on “Technology Development for Capital Goods: Constraints & the way Forward” Urges Industry to make use of Capital Goods Scheme to Bridge Technology Gaps & Acquire Technologies Valued at Rs 1000 Crore the DHI Capital Goods Scheme to Promote Make in India Initiative of ...
Read More »Defence procurements worth Rs 1,10,000 crore cleared
News The Defence ministry has cleared procurements worth Rs 1,10,000 crore, of which 90% are under ‘Make in India’. Finalistion of defence procurement procedures will be completed in the next 2-3 months.
Read More »BMW to increase localization to 50 per cent
News Luxury car major BMW India will increase the localization of its vehicles to 50 per cent, which is in line with the Make-in-India programme. BMW has localised production of engines and gearboxes at its Chennai plant with a capacity to produce 14,000 vehicles per year About 95 per cent of cars ...
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