The Union Cabinet has approved four new semiconductor units with a total investment of ₹4,600 crore. Two plants will be set up in Odisha, while Andhra Pradesh and Punjab will each get one facility.
Suzlon Group CEO JP Chalasani said new amendments to wind turbine manufacturing norms will create a level playing field for Indian OEMs against Chinese competitors.
Several Swedish companies are exploring opportunities to set up manufacturing facilities in Tamil Nadu, attracted by the state's industrial infrastructure and skilled workforce.
India's green warehouse space is expected to increase four-fold to 270 million square feet driven by sustainability requirements and e-commerce growth.
CEAT Limited has announced a ₹450 crore expansion of its Chennai tire manufacturing plant to increase production capacity for the growing automotive sector.
Indian automakers are actively seeking alternative supply chains for rare earth magnets amid global supply disruptions affecting the automotive sector.
Godrej Industries has announced plans to invest ₹750 crore in expanding its chemical business operations across India, focusing on specialty chemicals.
The Central government has approved the establishment of a mega textile park in Uttar Pradesh with an investment of ₹2,500 crore, expected to create over 50,000 jobs in the textile manufacturing sector.
India is emerging as the preferred destination for global apparel brands looking to diversify their supply chains away from China. The country offers competitive manufacturing costs and skilled workforce.
Tata Electronics is partnering with semiconductor giant NXP to secure orders from Apple for chip manufacturing in India. This collaboration strengthens India's position in the global semiconductor supply chain.
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