Leading commercial vehicle manufacturer Ashok Leyland will set up an electric bus manufacturing unit in Uttar Pradesh. A memorandum of understanding (MoU) was signed in this regard between Ashok Leyland and the Uttar Pradesh government at a programme organised in the presence of Chief Minister Yogi Adityanath on Friday. Under the MoU, Ashok Leyland will […]
Swiss group Bühler is set to make a substantial investment of CHF 21 million (Rs 200 crore) over the next two to three years in India. The investment is part of the company’s strategic plan to enhance its manufacturing capabilities in the country and address the growing demands of a flourishing domestic market and customers […]
Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more ‘India-first’ models, Nikkei Asia reported. India had already surpassed Japan and become the world’s third-largest car market and now it seems that they are turning the global manufacturers towards […]
Foxconn sees potential in India, the Taiwanese major is reportedly in talks for its willingness to invest “several billion dollars” in India, to diversify its manufacturing away from China, according to a media report on Wednesday. The investment plan was underlined by the Hon Hai Technology Group (Foxconn) Chairman and CEO Young Liu during the […]
US-based Silicon Power Group has plans to set up a 150mm carbide manufacturing facility in Odisha. The cost of the project is estimated at Rs 1,000 crore. The investment will be made by the group’s Indian subsidiary, RIR Power Electronics. According to a press statement from the chief minister’s office, “Harshad Mehta, promoter of the […]
The continued slowdown in global manufacturing activity in June 2023 (at a six-month low of 48.8) and the drop business optimism index to a seven-month low have reignited fears of a global growth slowdown, said the Bank of Baroda in a report on Tuesday. The report stated that activity in China is losing momentum (PMIs, […]
India has recently emerged as a big player in the global manufacturing sector, partly due to positive trends and growth in important industries. As India aspires to become a global superpower, self-reliance in manufacturing is crucial. By nurturing a thriving and independent domestic manufacturing industry, India can establish a strong foundation to achieve its goals […]
Wistron is shutting is iPhone assembly in Kolar, Karnataka and is in the process of selling the facility to Tata Group. The company is one of three global contract manufacturers to start assembling iPhones in India in 2017. But a leading media house said that Wistron’s struggle with component manufacturing and vendor-managed inventory holding was […]
The Economist Intelligence Unit (EIU) reported earlier this month that India was one of the most improved countries in its quarterly forecast of the best business environments in the next five years. In the EIU’s Business Environment Ranking (BER) published on April 13, the South Asian nation climbed six notches on a global basis and […]
Egg prices continue to spike in Japan with the current avian flu season touching a record 16 million birds marked for culling, impacting both the restaurant sector and households already dealing with inflation, Kyodo News reported. More than 90 per cent of the birds being killed are egg-laying hens, and this according to the agriculture […]
