Make In India

Indian employees may expect an average salary increment of 9.4 per cent this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday. Over the last five years, salary increments have steadily increased, rising from 8 per cent in 2020, to a projected 9.4 per cent in 2025, according to Total Remuneration Survey (TRS) by HR consulting firm Mercer. The automotive sector leads with anticipated increments of 10 per cent from 8.8 per cent, driven by the surge in electric vehicles and the government-led 'Make in India' initiative. Manufacturing and engineering follow closely with an increase from 8 per cent to 9.7 per cent, reflecting a resurgence in the manufacturing ecosystem. More than 1,550 companies in India participated in the survey, spanning diverse industries, such as technology, life sciences, consumer goods, financial services, manufacturing, automotive, and engineering. Further, the report revealed that in 2025,

With transformative reforms of the past decade propelling India to global stage, it is India's moment in history, ITC Chairman Sanjiv Puri said, exuding confidence that the country will become a developed nation by 2047 on the back of strong macro fundamentals and purposeful policy interventions. India has risen from being the 10th largest economy in the world in 2014 to the fifth largest, driven by landmark reforms like GST and an unprecedented infrastructure push. The decade under Prime Minister Narendra Modi is hailed for landmark reforms, inflation control, financial inclusion and digitisation despite inheriting a weak economy. "In the new world order, which is characterised by new policies on geo-economics and geo-politics, I think the world is looking towards supply chain diversification, and supply chain resilience. "Because of the climate emergency, the world is looking at an energy transition. Digital transformation is another area that the world is going through. Food and

In a major success for Make in India in defence sector, the Cabinet Committee on Security today cleared two major projects worth around Rs 20,000 crore for 12 Su-30 MKI fighter jets for the Indian Air Force and 100 K-9 Vajra Self-propelled howitzers for the Indian Army.The two projects were cleared on Thursday by the CCS and the contract for the Su-30-MKI jets has already been inked, defence sources informed ANI.The 12 SU-30MKI jets for the Indian Air Force would be licensed manufactured by Hindustan Aeronautics Limited (HAL) at its Nashik facility and cost around Rs 13,000 crore.These will replace aircraft that have been lost over the last many years.The order for 100 K-9 self-propelled howitzers to be made by Larsen and Toubro at Hazira in Gujarat would be a repeat order as already 100 of them have been inducted into the Army.L & T has increased the indigenous content in the howitzers.The two projects for the public sector Hindustan Aeronautics Limiter and the L & T are ...

Addressing the VTB Investment Forum in Moscow on Wednesday, Putin drew similarities between Russia's import substitution program to India's "Make in India" initiative

Danfoss, a leader in heating, ventilation, air-conditioning and compressors has set a target to progressively ramp up local manufacturing capabilities over the next five years, supporting the Centre's Make in India campaign, the company said on Tuesday. Danfoss India, a subsidiary of Denmark-based Danfoss, earlier this year committed to a Rs 500 crore investment aimed at developing local manufacturing for HVAC (Heating, Ventilation, and Air-conditioning), and refrigeration compressors and controls. As the country's heating, ventilation, air-conditioning, and refrigeration sector continues to expand rapidly, Danfoss management's decision to support its customers through increased localisation and the addition of new product lines for compressors, heat exchangers, and controls will help bring world-class Danfoss solutions to the Indian market, the company said. "India is a key pillar in our global strategy, and we are committed to driving growth and sustainable innovation in the regio

India is confident of achieving USD 100 billion in annual bilateral trade with Russia well ahead of the timeline of 2030 and a more substantive relationship between the two nations has a larger global resonance, External Affairs Minister S Jaishankar said on Tuesday. There have been challenges to trade, especially with regard to payments and logistics and perceptible progress has been made in that regard, but there is still some work to be done, he said. The external affairs minister was speaking at the 25th India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC). The Russian delegation at the meeting was led by First Deputy Prime Minister Denis Manturov. In his televised opening remarks at the 25th session of the (IRIGC-TEC), Jaishankar said the trade between the two countries needs to be "more balanced and that would require addressing current constraints and undertaking greater facilitative efforts." "As two m

Initially, GE Aerospace was expected to begin engine deliveries in March 2023 to support HAL's production of Tejas Mk1. However, the first batch of engines is now anticipated to arrive by April 2025

This was the first formal meeting between the two leaders in the past five years, which was constructive and carried great significance, Feihong noted

India's defence exports touched a record Rs 21,083 crore in FY24

Manufacturing associations added that recent government orders permitting such imports threaten the efforts of Indian manufacturers to meet the vision of Aatmanirbhar Bharat

The 25-acre Cheyyar plant reinforces Bonfiglioli 's commitment to the 'Make in India' initiative and solidifies its position as one of India's largest gearbox manufacturers

One of the stated objectives of the Make in India initiative was to boost manufacturing activity and improve investments in the sector

Carbonated soft drinks segment in India is unable to reach its potential in terms of scale expansion due to barriers such as high taxation under the GST regime despite government's initiatives like 'Make in India' and 'Aatmanirbhar Bharat', according to a report by economic think tank ICRIER. The cross-country comparative data on sugar-sweetened beverages (SSB) taxes collated by the World Bank shows that India has one of the highest tax rates for carbonated soft drinks (CSDs) at a total tax rate of 40 per cent as of 2023. Over 90 per cent of countries that tax SSBs have a lower tax rate than India, as per the report titled 'Carbonated Beverages Industry in India: Tax Policy to Promote Growth, Innovation and Investment'. Consumers, globally and in India, are shifting towards low-sugar and no-added sugar varieties of beverages amid heightened health awareness. "The CSD market is also changing from its traditional high sugar carbonated beverages to low-sugar and fruit-based and/or ...

The trouble is that Indian manufacturers appear less and less interested in becoming export powerhouses

The government is discussing a proposal to formulate a scheme for 'made in India' label with a view to promote brand India in the global markets, an official said. The official said that a high level committee is examining the details of the scheme. The objective is to create a strong brand identity for India, similar to how 'made in Japan' or 'made in Switzerland' evokes about specific images and qualities. "That we want for India also," the official said, adding, for instance, "when we think of Switzerland, we often think of their watches, chocolates, and banking systems." "We are having discussions on how we can do that. Do we make this scheme for specific sectors like textiles where we have strength in that. So we are looking into such things," the official added. According to experts, quality consciousness is key to promote Brand India. The government at present has India Brand Equity Foundation (IBEF) to promote and create international awareness about the 'made in India' l

Ten years after FDI in multi-brand retail was allowed, it remains largely inactive. Meanwhile, e-commerce giants like Amazon and Flipkart continue to reshape India's rapidly evolving retail market

Goyal further remarked that the world is increasingly viewing India as a manufacturing hub

The success of Make in India has been driven by several landmark reforms, starting with an investor- friendly FDI policy

We should be wary of global consultants pushing grand visions of India becoming a $50 trillion or $100 trillion economy, especially when per capita income is still under $3,000

Investments under PLI may hit Rs 2 trillion by next year, says Piyush Goyal