Piyush Goyal, Union Minister, says Make in India is the fulcrum around which a number of other programmes of the government have helped take up manufacturing to almost twice the size it was 10 years ago. As our economy grew by 90%, so did manufacturing, double, so that we continue to have 17% of the … Read more
New Delhi: India is receiving foreign direct investments (FDI) of USD 70-80 billion ever year and is expected to hit USD 100 billion per annum in the coming years, a top government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia said the department is … Read more
Gautam Singhania, Chairman & MD, Raymond, says the company has invested a lot of capex for capacity expansion, which has all just come online/ It is perfectly timed. They have the capacity to offer to customers who want to move from Bangladesh to India. I must congratulate you for the kind of decisions the group … Read more
New Delhi: Tax consultancy firm PWC has urged Finance Minister Nirmala Sitharman to extend the beneficial tax regime for new manufacturing companies and introduce a comprehensive tax amnesty scheme for cases related to Customs. Sitharaman is scheduled to present the Union Budget for 2024-25 on July 23. “I think the Make in India is the … Read more
Global tyre manufacturers including the likes of Michelin, Bridgestone, and Goodyear are gearing up to invest in India’s manufacturing sector, with potential entrants Yokohama and Birla Tyre also eyeing opportunities under a government scheme that links imports to local investment, TOI reported on Wednesday. These investments, expected to total around Rs 3,000 crore, mark a … Read more
In a recent panel discussion presented by The Economic Times in collaboration with Epicor, Vishal Raj Saini, Country Head – India and Indian Subcontinent at Epicor Software, was joined by Ashish Sinha, Head Operational Excellence India Operations of Autoliv India and Parna Ghosh, CIO at Minda Industries, CIO, Uno Minda Group, to deliberate on the … Read more
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic’s … Read more
New Delhi: India has begun looking at several products where taxes on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member Asean to correct several anomalies that have undermined domestic manufacturing. Imbalances in import duties, rules of origin, and non-tariff barriers will … Read more
India has become the second country for Suzuki Motor Corporation to cross cumulative production of 3 crore units, reaching the milestone even faster than it achieved in its home nation, the Japanese carmaker said on Wednesday. The company’s subsidiary, Maruti Suzuki India, has achieved accumulated automobile production of 3 crore units in India by the … Read more
Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. “This collaboration further strengthens our dedication to ‘Make … Read more
