India’s manufacturing sector continues to dominate foreign technical partnerships, accounting for 78.4% of all Foreign Technical Collaborations (FTCs) reported between FY23 and FY25, according to new data released by the Reserve Bank of India (RBI). The insights come from...
In a major boost to India’s industrial transformation, Union Minister for Steel and Heavy Industries H.D. Kumaraswamy launched the third round — PLI 1.2 — of the Production Linked Incentive (PLI) Scheme for Specialty Steel on November 4, 2025....
The Government of India has approved the first batch of seven projects under the Electronics Manufacturing Components Scheme (ECMS), representing a total investment of ₹5,532 crore. The move aims to transform India’s electronics ecosystem from product assembly to full-fledged...
The Ministry of Defence has rolled out the Defence Procurement Manual (DPM) 2025, introducing a 25% product reservation for Micro and Small Enterprises (MSMEs) and offering major relaxations for start-ups recognised by the Department for Promotion of Industry and...
India’s eight core industries grew 3% year-on-year in September 2025, led by strong performance in steel and cement, according to data from the Commerce and Industry Ministry. Steel output surged 14.1% as demand from government infrastructure projects picked up,...
Union Minister for Commerce and Industry Piyush Goyal has emphasized that India’s chemical and petrochemical industry holds immense potential to become a global leader in innovation, sustainability, and advanced manufacturing.
Speaking at the 7th Indian Chemicals and Petrochemicals Conference organized...
The Ministry of Textiles has introduced key revisions to the Production Linked Incentive (PLI) Scheme for Man-Made Fibre (MMF) apparel, fabrics, and technical textiles to encourage greater participation and accelerate investments. The changes simplify eligibility requirements, expand product categories,...
VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has announced an investment of ₹544 crore (approximately 576 million Swedish Krona) to establish a new factory dedicated to producing 12-speed Automated Manual Transmission (AMT) systems....
The Government of India’s Electronics Component Manufacturing Scheme (ECMS) has received an unprecedented response from both domestic and international stakeholders, with 249 applications committing to investments worth ₹1.15 trillion. This figure is nearly double the targeted investment of ₹59,350...
India’s Electronics System Design and Manufacturing (ESDM) sector is on a robust growth trajectory, expected to double by 2030 and reach a market size of ₹7–8 lakh crore, according to a recent report by CareEdge Ratings. The report attributes...
