Business Standard

Make in India

India logs all-time high defence production value at over Rs 1.26 trillion

According to an official press release by the defence ministry, 79.2 per cent of the production was undertaken by the DPSUs and the other PSUs while 20.8 per cent by the private players

India logs all-time high defence production value at over Rs 1.26 trillion
Updated On : 05 Jul 2024 | 1:44 PM IST

'Make in India' can add to engines of global growth: PM Modi at SCO summit

Prime Minister Narendra Modi on Thursday said the Make in India' initiative can add to engines of global growth and help democratise the global economy, and highlighted the importance of creating multiple, reliable and resilient supply chains. External Affairs Minister S Jaishankar, who is in Astana to attend the SCO Summit, delivered Modi's remarks at the extended format meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State here in the Kazakh capital. Modi said that India has contributed significantly to enhancing the economic agenda of the SCO grouping with institutionalised mechanisms such as the SCO Startup Forum and Special Working Group on Startup and Innovation. With 130,000 startups in India, including 100 unicorns, our experience can be useful to others, a Ministry of External Affairs statement cited the prime minister as saying in his remarks. "When it comes to geo-economics, the need of the day is to create multiple, reliable and resilient supp

'Make in India' can add to engines of global growth: PM Modi at SCO summit
Updated On : 04 Jul 2024 | 10:48 PM IST

With geo-political concerns, engg firms nudge suppliers to 'Make in India'

These firms are either tying up with Indian entities of their foreign suppliers, or urging foreign suppliers to set shop in India

With geo-political concerns, engg firms nudge suppliers to 'Make in India'
Updated On : 30 Jun 2024 | 6:36 PM IST

BJP's women's wing calls for probe into Foxconn India hiring practices

Foxconn hiring agents and HR sources cited family duties, pregnancy and higher absenteeism as reasons why Foxconn did not hire married women at the plant

BJP's women's wing calls for probe into Foxconn India hiring practices
Updated On : 29 Jun 2024 | 6:51 AM IST

Banks struggle with ATM shortage as 'Make in India' policy disrupt supply

The initial cause of low number of ATMS across India is linked to the "Make in India" guidelines introduced in FY20, which required vendors to establish operations in India, leading to a delay

Banks struggle with ATM shortage as 'Make in India' policy disrupt supply
Updated On : 19 Jun 2024 | 10:39 AM IST

Major 'make in India' defence deals including K-9 Vajra on Centre's agenda

The deals were planned to be taken up for approval in March this year but all projects were postponed for decision after elections

Major 'make in India' defence deals including K-9 Vajra on Centre's agenda
Updated On : 29 May 2024 | 5:54 PM IST

India to make JLR's Range Rover for first time, delivery starts May 24

Prices of 'flagship car' and its sport variant will reduce by 18-22%, say senior executives of Tata Motors-owned company

India to make JLR's Range Rover for first time, delivery starts May 24
Updated On : 25 May 2024 | 9:18 PM IST

Make in India: Tata Electronics begin limited export of semiconductor chips

Tata Electronics is also in the advanced stages of successfully finalising the tape-out process for semiconductor chips ranging from 28 to 65 nanometers, along with some higher nodes

Make in India: Tata Electronics begin limited export of semiconductor chips
Updated On : 07 May 2024 | 9:44 AM IST

Micron Tech's India-made semiconductor chips set for global debut in 2025

Demand, pricing, customer need will determine the specific allocation of the chips, says company's senior executive

Micron Tech's India-made semiconductor chips set for global debut in 2025
Updated On : 01 May 2024 | 1:57 PM IST

India can't become developed nation without making products: Baba Kalyani

Bharat Forge CMD Baba Kalyani explains what the new government should focus on in its first 100 days of taking office to give Make in India in defence a fillip

India can't become developed nation without making products: Baba Kalyani
Updated On : 29 Apr 2024 | 11:53 PM IST

PM talks about 'Make in India' but wants Chinese goods in country: Rahul

Congress leader Rahul Gandhi on Saturday claimed that although Prime Minister Narendra Modi talks about 'Make in India', he has "destroyed" MSMEs through demonetisation and GST as he wants Chinese goods to be sold in the country and billionaires profit from it. He also the BJP government has created "two types of martyrs" and asserted that if voted to power, the Congress will scrap the Agniveer scheme. At an election meeting here also attended by Samajwadi Party chief Akhilesh Yadav, the former Congress chief alleged that PM Modi worked with full vigour for 15-20 billionaires in the past 10 years. By diverting people's attention, the "entire wealth of India was handed over to these people. Narendra Modi ji has waived loans worth Rs 16 lakh crore of the billionaires", he claimed. "They have waived the loans of 10-15 people. Narendra Modi ji has given lakhs of crores to the billionaires. Today, the situation is such that 22 people possess wealth equal to that of 70 crore Indians... T

PM talks about 'Make in India' but wants Chinese goods in country: Rahul
Updated On : 20 Apr 2024 | 11:40 PM IST

Apple 'looking at' manufacturing facility in Indonesia: CEO Tim Cook

Apple CEO Tim Cook said the company is looking at manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. We talked about the president's desire to see manufacturing in the country, and it's something that we will look out, Cook told reporters after the meeting. Widodo's administration has worked for years to bring manufacturing to the country to power economic development, while Apple is seeking to diversify its supply chains away from China, where most of its smartphones and tablets are assembled. The company began moving some production to countries like Vietnam, and more recently India, after shutdowns to fight COVID-19 in China repeatedly disrupted the company's shipments. I think the investment ability in Indonesia is endless. I think that, there is a lot of great places to invest, and we're investing. We believe in the country, Cook said. The previous day, Cook met Vietnamese Prime Minister Pham Minh Chinh in Hanoi, where he said Apple plans

Apple 'looking at' manufacturing facility in Indonesia: CEO Tim Cook
Updated On : 17 Apr 2024 | 11:45 AM IST

We need more large companies to aid India's high growth: Amitabh Kant

Amitabh Kant discusses India's role in G20 and path to becoming a developed nation by 2047 at Business Standard Manthan

We need more large companies to aid India's high growth: Amitabh Kant
Updated On : 29 Mar 2024 | 6:12 PM IST

Uno Minda partners with Starcharge Energy to manufacture, sell EV chargers

Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. "This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future," Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China. "We are optimistic about the outlook for EV adoption in India and believe there will be tremendous opportunities for home charging solutions," StarCharge Chairperson Shao Danwei stated.

Uno Minda partners with Starcharge Energy to manufacture, sell EV chargers
Updated On : 22 Mar 2024 | 7:50 PM IST

Is new EV policy doing enough to lure Tesla to make electric cars in India

Domestic players such as Tata Motors and Mahindra & Mahindra opposed any move to reduce duties on fully-built cars

Is new EV policy doing enough to lure Tesla to make electric cars in India
Updated On : 21 Mar 2024 | 12:57 AM IST

Embracing 'Make Products in India'

It is time shift the focus from 'Make in India' and foster local innovation to create high-income jobs and improve the quality of life for Indians

Embracing 'Make Products in India'
Updated On : 14 Mar 2024 | 10:44 PM IST

Govt failed to realise 'Make in India' due to 'complete inaction': Kharge

Congress chief Mallikarjun Kharge on Saturday targeted the Centre on 'Make in India' and alleged that the government has failed to realise the initiative due to "complete inaction" in creating jobs and utilising funds. He posed several questions on why the government did not create enough jobs and on the under-utilisation of funds in key sectors to promote manufacturing in the country. "The Modi government failed to realise 'Make in India'! The loud drumbeating on their interventions in the manufacturing sector has been drowned by complete inaction," he said in a post on X. Posing several questions, the Congress chief asked why the value added by manufacturing in India's GDP declined from 16 per cent to 13 per cent over the past decade. He also asked why the average manufacturing growth plunged under the government led by Prime Minister Narendra Modi. "It was 7.85 per cent during Congress-UPA which dropped to almost 6 per cent only," he said. Recalling that the Centre had promise

Govt failed to realise 'Make in India' due to 'complete inaction': Kharge
Updated On : 02 Mar 2024 | 12:48 PM IST

Maruti Suzuki's total sales rise 15% to 197,471 units in February

Maruti Suzuki India on Friday said it has reported a 15 per cent year-on-year increase in total wholesales at 1,97,471 units in February. The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. The total domestic passenger vehicle sales grew 9 per cent at 1,60,271 units as against 147,467 units in the month a year ago, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 14,782 units as against 21,875 units in February 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, also declined by 10 per cent to 71,627 units as compared to 79,898 units in the year-ago month. Utility vehicles, including Brezza, Ertiga, Grand Vitara, and XL6, recorded sales of 61,234 units last month, growing 82 per cent over 33,550 units in the month a year ago, the company said. MSIL said its exports last month stood at 28,927 units as compared to 17,207 units

Maruti Suzuki's total sales rise 15% to 197,471 units in February
Updated On : 01 Mar 2024 | 4:17 PM IST

Govt's determination pushed Make in India in defence: DRDO chief Kamat

DRDO Chairman Samir V Kamat on Saturday said the Indian government's determination to make India self-reliant in defence production has led to a leap in the sector. Asked about what made the 'Make in India' a success story, Kamat said, "Several factors have made this story possible, the first amongst it is government determination to make Aatmnirbharta happen. I think that is the most important factor which has changed the storyline." "We have been talking about self-reliance for a long time but there was no determination on the part of the government. Once the present government has come to power they have really made a strong push to enforce Aatmnirbharta," Kamat said at the Firstpost Defence Summit 2024. "The list that the government has published, which services now have to buy from Indian companies, has given a push to Indian companies to invest and start making the systems within the country... Also speeding up of the acquisition process with DAP 2020, has given fillip to this

Govt's determination pushed Make in India in defence: DRDO chief Kamat
Updated On : 24 Feb 2024 | 8:34 PM IST

Local suppliers, MNCs voice concerns over DPIIT's Make in India push

Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent

Local suppliers, MNCs voice concerns over DPIIT's Make in India push
Updated On : 22 Feb 2024 | 10:05 PM IST