Bihar’s progressive Industrial Investment Promotion Policy, 2016, has catalyzed significant industrial development in the state. Since its implementation, the policy has attracted more than 3,800 proposals for setting up factories, underscoring Bihar’s growing appeal as a business-friendly destination. The state’s Chief Secretary, Amrit Lal Meena, highlighted these achievements ahead of the upcoming Bihar Business Connect 2024 event. Policy Incentives Fuel Industrial Growth The Bihar Industrial Investment...

Adani Group-owned Ambuja Cements has announced the merger of its subsidiaries, Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL), into a unified entity. This strategic move is set to enhance operational efficiency, streamline resources, and bolster market competitiveness for one of India’s leading cement producers. In a regulatory filing on Tuesday, Ambuja Cements confirmed that a scheme of arrangement has been entered into...

The Indian steel ministry has taken a significant step toward supporting the domestic steel industry by proposing a 25% safeguard duty on the import of certain steel items. The announcement was made during a high-level meeting held in New Delhi, attended by Union Minister of Steel H.D. Kumaraswamy and Commerce and Industry Minister Piyush Goyal. The meeting aimed to address the challenges faced by...

Global and Indian original equipment manufacturers (OEMs) and component firms are urging the Ministry of Electronics and Information Technology (MeitY) to provide a combination of upfront capital expenditure (capex) support and production-linked incentives (PLI) under a proposed scheme to boost electronic component manufacturing in the country. Capex Support and PLI: The Proposal The proposed scheme seeks capex support on a pari-passu basis, ranging from 25 per...

Hindustan Unilever (HUL) is taking significant steps to digitize its manufacturing ecosystem, making it future-ready. CEO & MD Rohit Jawa outlined these advancements in the company’s latest annual report for FY24. Since taking over from Sanjiv Mehta in June last year, Jawa has spearheaded the implementation of Fourth Industrial Revolution solutions in HUL’s factories. End-to-End Lighthouse Factories HUL's factories at Dapada in Dadra and Nagar Haveli...

Maiva Pharma, a prominent player in the pharmaceutical industry, is embarking on a transformative journey with a recent infusion of ₹1,000 crore in funding. This significant investment, led by Morgan Stanley Private Equity Asia and India Life Sciences Fund-IV, underscores Maiva Pharma's commitment to innovation, quality, and growth. A Strategic Investment for Growth The recent funding secured by Maiva Pharma marks a major milestone in the...

India's journey towards becoming a self-reliant nation in electronics manufacturing marks a pivotal shift in the industry. With each passing year, the domestic production of electronic components has seen a significant uptick, leading to a notable decrease in the import of various electronic parts. This trend is a clear indication of the strengthening capabilities within India's manufacturing sector. The Decline in Electronic Imports Recent reports highlight...

The transition towards electric vehicles (EVs) in India takes a significant leap with the initiation of the ₹500 crore Electric Mobility Scheme 2024 (EMPS2024) from April 1, 2024. This move, following the conclusion of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme's second phase, signals a robust government push for greener transportation alternatives. The scheme serves as a catalyst, aiming to accelerate the...

In today's rapidly evolving industrial landscape, the implementation of Industry 4.0 technologies is revolutionizing manufacturing processes like never before. Industry 4.0, often referred to as the Fourth Industrial Revolution, is characterized by the integration of digital technologies, automation, and data exchange to create "smart factories." These factories leverage advanced analytics, artificial intelligence (AI), the Internet of Things (IoT), and other innovative technologies to optimize...

In the realm of prototyping, 3D printing has long been a game-changer, providing swift and cost-effective solutions for product development. However, its role has expanded far beyond mere prototyping. Today, additive manufacturing stands as a driving force behind the transformation of entire industries. The ability to fabricate complex structures layer by layer has unlocked new possibilities, prompting companies to rethink traditional manufacturing approaches. Swift...