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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
India's manufacturing sentiment improved in the July-September quarter as factories reported higher capacity utilisation and higher or same levels of production as compared to the previous quarter, according to the latest edition of the FICCI Manufacturing Survey released on Tuesday. The survey, which covered around 225 firms, assessed the performance and sentiment of manufacturers for nine major sectors -- namely automotive & auto components, capital goods, chemicals and allied products, electronics & electricals, glass, machine tools, metal & metal products, textiles, apparels & technical textiles and miscellaneous. The survey covered respondents from manufacturing units from both large and SME segments with a combined annual turnover of over Rs 2 lakh crore. According to FICCI, the findings reflect a rebound in the sentiment for production in Q2 2026-27 compared to the previous quarter, indicating signs of recovery from the West Asia crisis. In comparison to Q1 FY .
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
Union Minister Pralhad Joshi on Saturday called for transforming the National Test House into a premier global testing and certification organisation and stressed the need to expand its capacity in line with India's growing manufacturing sector. Addressing the 115th Foundation Day celebration of the National Test House (NTH) after the inauguration of state-of-the-art NTH building here, Joshi said India was moving towards becoming a global manufacturing hub and needed reliable domestic testing facilities. He also virtually inaugurated several crucial facilities and initiatives across the broader NTH network to expand nationwide testing capabilities and improve accessibility. Joshi claimed that NTH was on the verge of being closed in 2012 but the institution had survived and was moving forward due to the vision of Prime Minister Narendra Modi to create a manufacturing ecosystem in the country. "Quality is the foundation of a strong India," Joshi said, emphasising the importance of ..