Siemens Boosts Manufacturing Capacity to bolster Make in India Initiative
Monday, February 24,2025
More than half of the country's manufacturing Gross Value Added (GVA) in the fiscal years 2021 and 2022 originated from the top five industrialized states, as per the Annual Survey of Industries released by the statistics ministry on Monday.
In a significant move towards sustainable steel production, the Australian federal government has allocated A$200 million through the Powering the Regions Fund (PRF) to bolster environmentally conscious initiatives at BlueScope's Port Kembla
Toyota maintains its position as the world's leading automobile manufacturer for the fourth consecutive year, outpacing Volkswagen AG in passenger vehicle sales throughout 2023.
The government's recent decision to confer the prestigious Padma Bhushan award upon Young Liu, the Chief Executive Officer of Foxconn, serves as a notable recognition of the Taiwan-based company's instrumental role in advancing India's Make in India
In a significant development for the rail manufacturing sector, Titagarh Rail Systems (TRSL) and Amber Group have announced a strategic alliance, forming a Joint Venture (JV) or Special Purpose Vehicle (SPV) in both India and France.
Prolonged disruptions at the critical Red Sea trade route pose a threat to manufacturing processes in sectors such as electronics, automobiles, chemicals, consumer goods, and machinery, cautioned the economic think tank GTRI on Sunday.