India Targets $500 Billion Electronics Manufacturing by 2030 with ...
WEB16 hours ago · According to ICEA estimates, India’s electronics production in the fiscal year 2024 reached USD 115 billion, with mobile phones accounting for approximately USD 52 billion. To meet the USD 500 billion target by 2030, the sector needs to achieve an annual growth rate of 20-22 per cent, as highlighted by ICEA Chairman Pankaj Mohindroo.
KNN India: India Exclusive MSME News, Events, Views and Blogs
WEBMaruti Suzuki Urges Early Collaboration with India’s…. New Delhi, Sep 9 (KNN) Maruti Suzuki, India's largest carmaker by market share, has called on electronics parts makers…. KNN India offering the India exclusive Micro, Small and Medium Enterprises (MSME) news, views, events and blogs.
New Safety Regulations Machinery, Electrical equipment Threaten …
WEB3 days ago · New Delhi, Sep 16 (KNN) On August 28, 2024, the Ministry of Heavy Industry (MHI) introduced the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024, which is set to take effect exactly one year later, on August 28, 2025. This new regulation mandates stringent safety standards for all machinery and electrical equipment manufactured or imported into India ...
India Can Sustain 8% Growth Over Medium Term: RBI Governor
WEB2 days ago · New Delhi, Sep 17 (KNN) India can sustain economic growth of up to 8 per cent over the medium term, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. In an interview with CNBC on Sunday, Das also suggested that policymakers are not actively considering an interest rate cut in October, stressing that monetary policy decisions will be based on domestic conditions rather than ...
India's Tech Landscape on Track for Major Expansion
WEBSep 12, 2024 · GCC revenue is projected to surge to between $99 billion and $105 billion by 2030, marking a robust compound annual growth rate (CAGR) of 9-10 percent from the current revenue of $64.6 billion. The expansion is not limited to revenue alone; the number of GCCs in India is expected to increase to 2,100-2,200 by 2030, up from over 1,700 today.
India’s Steel Sector to Require $283 Billion for Decarbonisation by …
WEB2 days ago · New Delhi, Sep 17 (KNN) In a significant step towards decarbonisation, India will need to invest an estimated USD 283 billion to make its domestic steel production greener. This initiative is part of a comprehensive strategy laid out by the Ministry of Steel, aimed at reducing the carbon footprint of one of the nation’s most energy-intensive sectors.
New Centralised Intelligence Unit Being Set-up To Assess …
WEBNew Delhi, Mar 28 (KNN) The Centre is set to comprehensively assess India's manufacturing prowess through a centralised intelligence unit or knowledge storehouse, aimed at significantly ramping up the manufacturing sector and making it globally competitive. The proposed intelligence unit will delve into crucial metrics such as value-added, export performance, technological prowess, supply ...
India Boosts Semiconductor Mission with Approval of New Kaynes …
WEBSep 3, 2024 · Announced on Tuesday, September 2, this project marks a significant step in India's Semiconductor Mission. The Kaynes ATMP unit will be set up with an investment of nearly Rs 3,300 crore, covering 46 acres in Sanand. The facility will have the capacity to produce 6.3 million chips daily, or over 60 lakh chips, catering to diverse sectors such ...
India Charts Path To Net-Zero With Comprehensive Energy …
WEBNew Delhi, Apr 4 (KNN) A comprehensive study on India's energy transition pathways to achieve net-zero emissions by 2070 was unveiled at a high-level meeting, on Wednesday. The report, titled “Synchronizing energy transitions towards possible Net-Zero for India: Affordable and clean energy for All,” was prepared by the Indian Institute of Management Ahmedabad (IIM-A) and sanctioned by the ...
India Boosts Drone Manufacturing Incentives by 37.5% to Achieve …
WEBNew Delhi, Jul 29 (KNN) In a significant move to propel India's drone industry forward, the central government has increased its allocation for business incentives by 37.5 per cent, raising the total to Rs 165 crore over the next three years. This substantial boost underscores India's ambitious plan to become a leading global drone centre by 2030. The Production-Linked Incentive (PLI) scheme ...