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FISME Past President Hails 'Progressive' Budget for MSMEs. FISME Vice President Rakesh Chhabra Applauds MSME Initiatives In Union Budget 2024. Budget Prioritizes Stability With MSME Boost: FISME. MSME sector will reduce joblessness and drive UP’s trillion dollar economy: MP Rajendra Agrawal. ECLGS extension and PLI scheme expansion will help ...
Hitachi To Set-up Large Power Transformer Factory With Rs 2000 …
New Delhi, Oct 8 (KNN) Hitachi Energy has unveiled plans to invest Rs 2000 crore in India over the next five years, strengthening its operations and supporting the country's ambitious goal of achieving Net-Zero emissions by 2070. The investment strategy focuses on expanding manufacturing capacity and upgrading key infrastructure across several ...
First Made-in-India Chips From Micron To Be Launched By Early …
Bengaluru, Oct 7 (KNN) Union Minister for Electronics and IT, Ashwini Vaishnaw, has announced that Micron Technology is set to roll out its first made-in-India chips by early 2025. Speaking at a recent event, Vaishnaw highlighted the unprecedented enthusiasm from tech leaders during a roundtable discussion in New York with Prime Minister Narendra Modi.
India to Establish First National Security Semiconductor Fab for US …
New Delhi, Sep 23 (KNN) In a historic leap for India's defence and technological landscape, the country is set to create its first national security-focused semiconductor fabrication plant. This development, a result of a landmark agreement between India and the United States, will produce advanced chips for the US armed forces, allied militaries, and the Indian defence sector.
India Emerges as Global AI Hub Amid Massive Investments from …
New Delhi, Jun 18 (KNN) India is poised to become a major force in the global artificial intelligence (AI) landscape, attracting substantial investments from technology giants Microsoft and Amazon. These companies are pouring billions into computing infrastructure within the country, aligning with India's ambitions to establish itself as a preeminent AI hub.
Manufacturing activity expands as companies boost production …
New Delhi, 4 Jan (KNN) Manufacturing activity expanded at a robust pace in December as companies boosted production, even as cost pressures and the spread of the Omicron variant of coronavirus damp sentiments, showed a private survey. At 55.5 in December, the IHS Markit India Manufacturing Purchasing Managers Index (PMI) pointed to a robust improvement in overall operating conditions, though ...
Government Proposes 'Made in India' Label to Boost Global Brand …
New Delhi, Oct 3 (KNN) In a strategic move to enhance India's presence in global markets, the government is deliberating on a proposal to create a comprehensive scheme for the 'Made in India' label. An official statement indicated that a high-level committee is currently examining the intricacies of this initiative, aiming to establish a robust …
India And South Korea To Hold New Round Of CEPA Talks
New Delhi, Jul 15 (KNN) India and South Korea are set to commence the 11th round of talks aimed at reviewing and upgrading their Comprehensive Economic Partnership Agreement (CEPA) this week in Seoul. The discussions, scheduled for July 17-19, represent the latest effort to enhance the bilateral trade agreement that has been in effect since ...
India’s Pharma Sector Set for Expansion with New Greenfield ...
New Delhi, Sep 27 (KNN) India is poised for a significant expansion in its pharmaceutical manufacturing capabilities, with plans to establish 50 new greenfield pharma manufacturing plants over the next two years. This development is under the auspices of the Production-Linked Incentive (PLI) scheme for pharmaceuticals and medical devices, as confirmed by Arunish Chawla, Secretary of the ...
India Reduces Arbitration Timeline in UAE Investment Pact …
New Delhi, Oct 8 (KNN) In a significant shift, India has shortened the time frame for foreign investors to seek international arbitration from five years to three under its newly signed Bilateral Investment Treaty (BIT) with the United Arab Emirates (UAE). This is a notable departure from India’s standard model BIT, which typically offers a five …