Indian Industry

Karnataka govt approves 9 industrial projects worth Rs 9,823 crore

The Karanataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah. While three of these are new investment proposals, the remaining six involve expansions or amendments to existing plans. According to an official statement, the approved new projects include DN Solutions India Private Limited's Rs 998 crore investment at the ITIR, Devanahalli, expected to create 467 jobs; Silectric Semiconductor Manufacturing Private Limited's Rs 3,425.60 crore project at Kochanahalli, Mysuru, aimed at generating 460 jobs; and Sansera Engineering Limited's Rs 2,150 crore project at Harohalli, which is estimated to create 3,500 jobs. The six expansion or amended projects with total investments worth Rs 3249. 71 crore is expected to create 1178 ...

Farewell to the titans: Remembering industry leaders we lost in 2024

From Japan's "100-yen shop" creator to India's architect of modern banking, we remember the industry titans who bid farewell to this world this year

Integration of industry, govt platforms can improve logistics: Piyush Goyal

He also urged the logistics industry to work on following sustainable and green practices to cut carbon footprint in the sector

FMCGs need volume growth, distribution innovation: Pidilite's Bharat Puri

Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers

Need to see why industries seek high duties despite tariff cuts: DPIIT secy

India has reduced its tariffs significantly over the years, bringing them down to the world average level, yet the domestic industries continue to suggest increasing the duties, a senior government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade Amardeep Singh Bhatia said that it needs to be examined why such requests come. "On the export market side and integration with the (global) supply chains, there is also a lot of work which has been done in terms of reduction in tariff, the weighted tariff has come down substantially and it is almost at the world average level. But of course, there are pressures that it should be increased by the domestic industry, which we need to look at why these requests keep coming up. Why are we not competitive enough," he said. India has also free trade agreements with different countries to push exports. The Secretary was speaking at CII's Global Policy Forum 2024. Cut in customs duties on raw ..

Large-scale industry to be set up near Channapatna, Ramanagara: Kumaraswamy

Kumaraswamy also criticized the stalled Rs 97 crore Underground Drainage (UGD) project in Channapatna, accusing Congress leaders of delaying tenders for two years due to personal interests

CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman

According to the European Union, CBAM is a tool to put a fair price on the carbon emitted during production of carbon-intensive goods entering the trade bloc

'People responsible for China's influence in Indian industry defending it'

At a time when the entire world recognises that China is a non-transparent and opaque economy, some people, possibly responsible for its growing influence in the India industry, are choosing to continue to praise or defend the China story, Commerce and Industry Minister Piyush Goyal said on Thursday. Slamming the previous Congress-led government, he said it is a matter of "shame" that India allowed substandard and opaquely-priced Chinese goods to flood the Indian markets and kill Indian manufacturing. "As regards China, it is very sad that some people, possibly responsible for the growing influence of China in the India industry, are choosing to continue to praise or defend the China story, whereas the whole world today recognises that China is a non-transparent and opaque economy," Goyal told Indian journalists at a news conference here. He was responding to a question on recent remarks by Leader of Opposition in the Lok Sabha Rahul Gandhi during his US trip last month, alleging th

Vishwakarma Puja 2024: Date, history, significance, timings and more

Vishwakarma Puja is a celebration of the birth anniversary of Lord Vishwakarma. He is considered as the creator of the universe. As per the Drik Panchang, this year, the day falls on Sept 16

Bengal could not be proactive to attract industry: FM Nirmala Sitharaman

Citing the example of the proposed semiconductor project in Assam, Sitharaman said that India's own big-ticket investment in chip manufacturing had gone to Assam, crossing Bengal

Most states out with draft rules under new labour codes: Labour Secy Dawra

Says states are making sure the industry does not have to face different rules while moving from one state to another

Lam Research plans semiconductor fabrication supply chain in India

Lam Research Corporation on Wednesday announced its plans to expand its global semiconductor fabrication equipment supply chain to include India. The company said it is assessing capabilities across various supply chain segments and is exploring India-based suppliers who can collaborate to fulfil the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment. The global semiconductor industry is expected to grow to 1 US dollar trillion in annual revenue by the end of this decade, according to experts," the NASDAQ-listed global semiconductor manufacturing equipment maker said in a statement. As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent, it said, adding, Lam has been operating in India for more than 20 years, benefiting from its prime location close to ...

'Greatness' need not mean fame & size

India is right to celebrate big firms, but must also celebrate its valuable small giants

Chhattisgarh govt decides to revive aluminium park project in Korba

The Chhattisgarh government had entered an agreement with Bharat Aluminium Company Ltd (BALCO), a subsidiary of Vedanta Limited to supply raw aluminum to small-scale industries at a subsidised rate

Govt nearly doubles PLI scheme share of five key industry segments

Amount raised from Rs 8,405 cr in RE of FY24 to Rs 15,198 cr

ESG, technology theme to dominate India Inc acquisitions in 2024

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

Rodtep, personal computer imports on table at India-US trade policy forum

Trade policy meet may also take up issues like GSP, non-tariff barriers

Residential realty momentum in 2023 strongest in decade as demand picked up

Latest Anarock Research data indicates that housing sales in the top seven cities have created a new peak in 2023, an all-time high

'Industry-academia connect make TN enviable for advanced manufacturing'

Tamil Nadu is likely to cross $8 billion in electronics exports in 2023-24

Auto component industry's total sales grow 12.6% in first half of FY24

Sales jumped by 34.8 per cent Y-o-Y to $33.9 billion