Manufacturing

Corning to expand optical connectivity manufacturing in India amid AI rush

The US-based company plans to add capacity at its Pune facility by 2027 as demand for optical fibre and connectivity products rises from AI data centres and telecom networks

ISIG aims to boost advanced chip packaging, power electronics in India

Industry body ISIG plans to bring together semiconductor executives, investors and government officials to strengthen India's advanced packaging and power electronics capabilities

India's R&D well placed for advance manufacturing, AI: Rockwell CFO Rothe

Rockwell Automation CFO Christian Rothe says India's strong R&D base can drive advanced manufacturing, automation and AI adoption, while helping MSMEs improve global competitiveness

Odisha eyes semiconductor push with five projects worth over $4.7 billion

The state aims to build a semiconductor and advanced electronics ecosystem, with projects spanning chip fabrication and 3D packaging, alongside investments in AI infrastructure

Raw material costs continue to squeeze corporate margins in Q2FY27

Rising raw material costs are squeezing corporate margins, with companies facing tough choices on price hikes amid fragile demand

Cabinet approves ₹10,000 crore scheme to boost container manufacturing

The scheme will offer financial support to domestic container manufacturers until 2039-40, aiming to cut import dependence, bridge cost gaps and boost annual capacity tenfold to 750,000 TEUs

Industrial output growth slips to four-month low of 6.7% in September

This is the weakest reading since May, when the Index of Industrial Production grew 5 per cent

Wabtec developing India as a global centre of excellence for export

Wabtec secures a $94 million Vande Bharat Sleeper deal with Indian Railways and plans to develop India as a global manufacturing and engineering hub for exports

Bonfiglioli to review royalty arrangement with Indian arm where appropriate

Bonfiglioli plans to build on its Indian manufacturing base through greater localisation, technology development and exports, while remaining open to capacity expansion and strategic acquisitions

Accel once rejected Zetwerk: Now it sells a slice of its stake in the IPO

The VC firm trimmed its stake in the manufacturing platform's ₹5,012 crore-offering but says it remains bullish on the rest

FICCI seeks greater Dutch investment in India's mfg, tech sectors

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 ...

Zetwerk heads for stock market debut as alumni build manufacturing startups

Ventures founded by former Zetwerk executives are borrowing the company's playbook of orchestrating factories rather than owning them, attracting over $130 million in funding

Datanomics: Finally, goods producers get pricing power as demand picks up

Manufacturing and mining goods lead the increase, though prices remain below the FY23 base-year level

Polysilicon support scheme receives FinMin's in-principle approval

Finance ministry clears proposed scheme in principle; Cabinet nod awaited

ZF expects India sourcing to grow 10-15% annually over next 3-4 years

ZF Group has seen India sourcing rise 20% in three years and expects further growth, citing a 20% cost advantage from Indian suppliers even after shipping expenses

HPL arm's ₹6,000 crore chemical plant inaugurated in West Bengal

Govt prods investors to surrender unused land allotted for projects or utilise it immediately

India positioning itself as trusted global supply chain partner: Vaishnaw

The Union minister said cost alone no longer drives supply-chain decisions, with trust, cybersecurity and resilience becoming central to global technology partnerships

India found itself 'let down miserably' during Covid, says Piyush Goyal

Goyal said India was left without essential equipment during the pandemic, prompting the push for self-sufficiency

ReNew secures $100 million from Dutch development bank FMO for projects

The 10-year financing facility from FMO will support ReNew's renewable energy projects under construction and help diversify its funding sources across domestic and international markets

Vimag Labs starts production at Haryana plant, plans ₹50 crore investment

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