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Industry body FICCI has called for greater Dutch investment in India's manufacturing and technology sectors, while pitching for joint ventures, technology partnerships and supplier-development programmes to deepen bilateral economic ties. FICCI Secretary General Anant Swarup said the ongoing visit of Commerce and Industry Minister Piyush Goyal to the Netherlands could help translate investment discussions into specific projects by bringing together businesses and government agencies to address issues related to location, technology, infrastructure, suppliers and regulatory approvals. He said that the chamber would like to see progress on four key areas and that includes manufacturing partnerships, technology collaborations, supply chain integration, and follow-up of projects. It called for a pipeline of joint ventures and capacity-expansion proposals in engineering, equipment, food processing and other technology-intensive industries. It also called for partnerships between ...
Accel-backed deep-tech startup Vimag Labs on Tuesday said it has started production at its first manufacturing facility at Jhajjar, in Haryana and plans to invest Rs 50 crore in a phased manner in scaling capacity. Vimag, which manufactures and assembles motor and control systems and related propulsion systems, has already completed and exported its first production batch from the Jhajjar facility, the company said. The site is the starting point of a phased manufacturing build-out in India, the company said, adding it currently plans around Rs 50 crore investment across this build-out. "Our initial focus is on scaling mid-power motor and control systems for commercial programmes. As customer programmes mature, we plan to extend manufacturing into high-power systems of 570 kW and above and deepen partnerships across India for manufacturing, supply chain, tooling and industrialisation," said Manish Seth, Co-founder and CEO, Vimag Labs. The overall scale of investment will continue t
The government's industrial output data, which showed robust growth in August this year, buoyed by the overall manufacturing sector's performance, indicated a prolonged contraction in apparel production, even as the upstream textile industry logged firm upward momentum. According to the Index of Industrial Production (IIP) released by the Statistics Ministry last week, overall growth in August 2026 stood at 8 per cent against 6.7 per cent in the preceding month. Within the manufacturing sector, 18 of 23 industry groups have recorded positive growth in August 2026 over the year-ago month, the Ministry of Statistics and Programme Implementation (MoSPI) said in a statement. Wearing apparel, one of the 23 manufacturing industries and the bellwether of India's exports, has witnessed a contraction of 7.4 per cent in August and a cumulative year-on-year decline of 5.6 per cent during the April-August period of the current financial year. In contrast, the textile industry, which feeds appa
Commerce and Industry Minister Piyush Goyal said India does not have structural excess manufacturing capacity in the sectors identified by the G20 Presidency, asserting that the country's manufacturing capacity serves both domestic and global needs. The US holds the G20 Presidency in 2026. He also said industrial capacity in itself is not the issue; however, distortions can arise where geographical concentration of production is driven by hidden subsidies and support. The minister added that diversification of production and supply chains is a legitimate objective, but it cannot be used as a pretext for measures outside WTO (World Trade Organisation) rules or shifting the burden of adjustment onto developing countries, which must retain policy space to industrialise. "India's manufacturing capacity serves its domestic and global needs and that, in the sectors identified by the G20 Presidency, India does not have structural excess capacity," Goyal said. India shares the concern of