Author: em@pi-india
On March 25, 2025, Finance Minister Nirmala Sitharaman stated that the Finance Bill 2025 introduces significant tax relief while maintaining a realistic 13.14% growth projection in personal income tax collection, backed by solid data. During her response to discussions in the Lok Sabha, she emphasized that the customs duty rationalization outlined in the Budget will bolster manufacturing, enhance domestic value addition, promote exports, streamline trade, and provide relief to the public.
Asian Paints Limited has announced an upward revision in its investment for the upcoming manufacturing facility in Dahej, Gujarat. The company’s Board of Directors, in a meeting held on March 27, 2025, approved an additional capital expenditure of ₹690 crore, raising the total project cost from the initially estimated ₹2,560 crore to ₹3,250 crore. According to the regulatory filing, the cost escalation is attributed to pre-operative expenses and increases in overall project costs. The investment aims to enhance the company’s production capacity, strengthen its supply chain, and meet the growing demand for high-quality paints and coatings in the Indian market.…
BYD is set to deepen its presence in India with plans to establish its first full-scale manufacturing facility in the country. Reports suggest the Chinese EV giant is eyeing Hyderabad for this massive project, with a proposed investment of ₹85,000 crore ($10 billion). Currently, BYD operates a small assembly base in Tamil Nadu, focusing on electric buses. The new facility, spanning over 500 acres, is expected to produce up to 600,000 EVs annually by 2032. Additionally, the company is working on a battery production unit with a 20 GWh capacity, further strengthening its foothold in the Indian market. This move…
The Medical Device Park in Sector 28, near the Yamuna Expressway, is steadily taking shape, with one company completing construction and seven others beginning work on their units. The Yamuna Expressway Industrial Development Authority (YEIDA) has allotted 74 plots, with 36 companies having executed lease deeds and preparing to start construction. To accelerate progress, YEIDA is expediting electricity connections for these units. YEIDA CEO Arun Vir Singh confirmed that manufacturers have now received the necessary approvals to avail of stamp duty exemptions. The project is expected to be formally inaugurated within the next two months, with common infrastructure like administrative…
India’s automobile sector has undergone a remarkable shift, transitioning from a market dominated by foreign-made vehicles to one that proudly champions homegrown innovation. The launch of the Make in India initiative in 2014 played a pivotal role in accelerating domestic car production and nurturing the electric vehicle (EV) ecosystem. According to government reports, a combination of policy reforms, fiscal incentives, and infrastructure investments has fueled this growth, making India a formidable force in the global automobile industry. The government’s focus on localized manufacturing has not only attracted substantial foreign direct investment (FDI) but has also spurred technological advancements and research…
India’s defense sector has seen remarkable growth in recent years, positioning itself as a key player in global security. With its expanding technological capabilities and a commitment to self-reliance, India has diversified its defense exports to include a wide range of equipment, showcasing its capacity to meet both domestic and international security needs. Among the prominent exports are bulletproof jackets, Dornier (Do-228) aircraft, Chetak helicopters, fast interceptor boats, and lightweight torpedoes. Bulletproof jackets have become an essential part of modern defense equipment, ensuring the safety of military personnel and law enforcement in hostile environments. India has become a reliable source…
German semiconductor giant Infineon is strengthening its presence in India by expanding its operations in chip design and software development. The company is leveraging its two Global Capability Centres (GCCs) to drive innovation and enhance its market footprint. With a workforce of over 2,000 employees in Bengaluru, Infineon has now inaugurated its second GCC in Ahmedabad, marking a significant step in its growth strategy. Infineon plans to double its workforce in India to 5,000 by 2030 and aims to generate $1 billion in revenue. While the company primarily focuses on chip design and software, it is open to exploring manufacturing…
Chief Minister M.K. Stalin virtually inaugurated the Multi-Storey Silver Anklet Manufacturing Centre at Ariyagoundampatti in Salem district on Tuesday. Built at a cost of ₹25.29 crore, the facility was announced in 2022 in response to silver anklet manufacturers’ demand for a common manufacturing hub. District Collector R. Brindha Devi attended the event and later inspected the facility, which spans 1.20 acres and features 102 rooms to support micro, small, and medium enterprises. C. Sree Anandharajan, president of the Salem Silver Anklet Manufacturers Handicraft Welfare Association, expressed gratitude to the Chief Minister, stating that the centre would benefit both manufacturers and…
As one of the leading machine tool and manufacturing technology shows in the world, IMTEX has always been a showstopper for machine tool builders. Participating in IMTEX would give you an opportunity to garner business orders, generate good business inquiries, connect with industry professionals, and gain knowledge, and new markets. IMTEX, with a legacy of more than 5 decades, has played a stellar role in the growth of manufacturing industries as it always attracted large numbers of visitors and trade delegations supporting the business growth for exhibitors. Concurrent show Tooltech will feature parts, accessories, and systems for machine tools. Digital…
The Smart Manufacturing Summit 2024 is a premier event that will focus on revolutionizing the manufacturing industry through smart technologies and digital transformation. Held in Mumbai, this summit brings together industry leaders, innovators, and experts to explore the latest advancements in Industry 4.0, IoT, artificial intelligence (AI), robotics, and automation. With a focus on intelligent manufacturing systems, data-driven optimization, and smart factory solutions, this summit offers an exceptional opportunity to discover how cutting-edge technologies can drive efficiency, productivity, and sustainability in manufacturing operations. Date: 28 NOVEMBER 2024Venue: Mumbai Key Highlights: The Smart Manufacturing Summit 2024 is an essential event for…
