News & Events

News & Events

Industry news

Jun 05, 2023

Govt’s strategic plan to boost chip manufacturing in India

The Indian government is planning to approve proposals for semiconductor plants to support the Make in India initiative. This move aims to boost domestic manufacturing, attract investments, and strengthen the semiconductor industry. The government reopened the opportunity for new applications for advanced and well-established technology in the field of semiconductors. This was done through the modified semiconductor scheme.

Jun 02, 2023

India expands the scope of its semiconductor ambitions; Vedanta likely gets a lifeline

The central government will start accepting and considering new applications for semiconductor fabrication plants from new and existing applicants. There are expectations that some current applicants will reapply and new investors will apply, Rajeev Chandrashekhar, the union minister for information technology tweeted. News agency Bloomberg reported citing sources that the Centre is likely to tell the venture between Agarwal’s Vedanta Resources Ltd. and Taiwan’s Hon Hai Precision Industry Co. it won’t get incentives to make 28-nanometer chips. The venture has applied for such assistance, potentially worth billions of dollars, but hasn’t met the criteria set by the government.

Jun 01, 2023

India’s manufacturing PMI hits 31-month high, as factory orders surge on robust demand conditions

India’s factory output in May expanded at the quickest pace in the last 31 months owing to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to over a 2-1/2 year high of 58.7 in May from April’s 57.2. Reuters had pegged a drop to 56.5. It remained above the 50-mark separating growth from contraction for the 23rd consecutive month.

May 31, 2023

Modi Cabinet Approves PLI Scheme 2.0 With Rs 17000 Cr Outlay for IT Hardware Manufacturing and Exports

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, had given approval to introduce the Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat on May 17, 2023. The scheme was notified on May 29, 2023. The window of applications under PLI Scheme 2.0 for IT Hardware will open from June 01, 2023. The PLI Scheme 2.0 for IT Hardware is expected to result in the broadening and deepening of the manufacturing ecosystem by encouraging the localisation of components and sub-assemblies and allowing for a longer duration to develop the supply chain within the country.

May 30, 2023

From mobile phones to chips, Indian manufacturing enters a golden era

Led by locally-manufactured mobile phones, India’s electronics industry saw record exports of electronic goods at an estimated Rs 1,85,000 crore in FY 22-23 — compared to Rs 1,16,936 crore in FY21-22 – marking a whopping 58 per cent increase.

According to data by the India Cellular and Electronics Association (ICEA), mobile phone exports made history by crossing the $10 billion threshold for the first time in any fiscal year, reaching an estimated $11.12 billion (over Rs 90,000 crore) in FY23.

May 29, 2023

Indian Manufacturing Can Meet US Demands As It Looks Beyond China: Indian-American Entrepreneur

As the US looks for an alternative to Chinese products, India’s manufacturing sector has the potential to meet its demands, an Indian-American entrepreneur has said, asserting that American technology and Indian manpower can create another cool economy.

May 28, 2023

India’s FY23 GDP Growth Likely To Surpass 7%, Manufacturing Sector To Rebound

The State Bank of India (SBI) on Friday said that gross domestic product (GDP) growth in financial year (FY) 2023 is likely to surpass 7 per cent and the manufacturing sector is all set to rebound. Amid the fear of economic slowdown across the globe, SBI in its eco wrap report added that quarter four (Q4) FY23 GDP growth is at 5.5 per cent. For 2023-24, RBI is projecting GDP growth at 6.5 per cent with Q1 pegged at 7.6 per cent. SBI’s artificial neural network (ANN) model, based on 30 high-frequency indicators from key sectors and tuned/trained to project the GDP numbers forecasts the quarterly GDP growth for Q4FY23 at 5.5 per cent.

May 25, 2023

Govt making efforts to set up modern chemical parks to meet domestic demand: Mandaviya

Chemicals and Fertilisers Minister Mansukh Mandaviya stressed the need to bring innovations in the chemicals sector and said the government is making efforts to set up chemical parks to meet rising domestic demand. The minister was virtually addressing an international conference on Chemicals & Petrochemicals, organised by industry body CII in association with the Department of Chemicals and Petrochemicals, Ministry of Chemicals & Fertilizers. “To meet the rising domestic demand, the government of India is striving towards establishing the global state-of-art chemicals parks with all necessary plug-and-play facilities by providing a sustainable ecosystem to the industries,” Mandaviya said.

May 23, 2023

Punjab attracts over 300 industrial projects in the manufacturing sector

The newly introduced industrial policy and other ease-of-doing-business initiatives of the state government have boosted investments in the industrial ecosystem. A total of 507 industrial projects have been bagged by Punjab from January to March 2023, of which 318 projects pertaining to the manufacturing sector, 139 to the services sector and 50 are connected with the real estate sector. The robust growth in investments reflects the state’s strong potential and attractiveness for businesses seeking to expand their manufacturing operations.

May 22, 2023

PLI Scheme Paying Off! India’s Imports From China Shrinking

In the fiscal year 2022-2023, India witnessed a decline in its import of electronics products (HS85) from China. The import value decreased from $30.3 billion in FY22 to $27.6 billion in FY23, reflecting a significant slide. Notably, this decline was particularly notable in the electronics sector, where the production-linked incentive (PLI) scheme was operational. Several specific electronics items experienced significant reductions in imports during this period. For instance, imports of solar cells, parts, and related components saw a substantial decline of 70.9 per cent. Similarly, there was a 23.1 per cent decrease in imports of laptops and personal computers and a 4.1 per cent decline in mobile phone imports.

May 17, 2023

Foxconn breaks ground for $500 million manufacturing plant near Hyderabad

Electronics manufacturing major and iPhone maker Apple’s supplier Foxconn broke ground for a production plant near Hyderabad, on which Telangana IT Minister K.T. Rama Rao said the company will be investing $500 million. A greenfield project, the facility will create 25,000 direct jobs in its first phase itself, Mr. Rao announced the groundbreaking at Kongara Kalan, in neighbouring Ranga Reddy, in the presence of Foxconn subsidiary Foxconn Interconnect Technology (FIT) Chairman and CEO Sidney Lu and others.

May 16, 2023

India’s Tata joins Apple’s exclusive iPhone-manufacturing club

It’s not just retail stores Apple is opening in India. One of the nation’s biggest industrial giants, Tata Group, has joined the world’s exclusive group of iPhone manufacturers and is expected to begin building iPhone 15 and iPhone 15 Plus series devices in India later this year. Beyond smaller components, this is the first time Apple has begun working with an India-based company on iPhone manufacturing at this level.

May 15, 2023

Make In India: Titagarh Wagons-Ramkrishna Forgings consortium to set up largest wheel manufacturing plant in Asia

The process to set up Asia’s largest train wheel manufacturing plant is under process. The wheel plant will be set up by a consortium of Titagarh Wagons, and Ramkrishna Forgings. The move is in line with Prime Minister Narendra Modi’s ‘Make In India‘ initiative. This is also a perfect example for ‘Aatmanirbhar Bharat’.

May 12, 2023

India’s Electronics Manufacturing Services Sector to Employ 60 lakh skilled people by FY26: ESSCI

The Electronics Sector Skills Council of India (ESSCI) has revealed in its latest study that the Electronics Manufacturing Services (EMS) sector in India will provide employment to more than 60 lakhs (6 million) people by the end of 2025-26. The council has conducted a comprehensive skill gap study in India’s EMS sector which highlights the growing demand for skilled professionals in the industry and projects the sector’s growth to cross USD 215 billion by FY26.

May 11, 2023
In talks with industry players for the development of economically viable electric highways: Nitin Gadkari

Union minister Nitin Gadkari on Wednesday said he is in discussion with industry players on the development of economically viable electric highways. The minister for road transport and highways highlighted the need to develop “import substitute cost-effective, pollution-free and indigenous technology”, asserting that sustainable development is the ultimate goal.

May 10, 2023

How the petrochemicals industry is shaping India’s growth towards a $5 trillion economy

We live in a world where petrochemical products are integral to modern societies. From the cars we drive to the electronic goods we use to the packaging we need; the importance of petrochemicals is growing even more. Plastics are indispensable in our everyday lives. It is the fastest-growing group of bulk petrochemical materials in the world. As India progresses towards becoming a $5 trillion economy by 2024-25, the share of the petrochemical and its derivatives sector shall become even more prominent, considering that it is the backbone of agriculture, infrastructure, manufacturing, and services

Apr 17, 2023

Michelin considering manufacturing tyres for cars in India

According to Florent Menegaux, CEO of Michelin, the French tyre brand is considering manufacturing car tyres in India. It would help the company scale up its operations in India. Michelin sees India as a great developing market, where infrastructure is developing at a fast pace. Menegaux believes that with proper infrastructure, the speed of vehicles will increase and the relevance of the brand’s technology will be even more visible. Michelin is looking to invest in the country to boost its passenger car tyre capacity, which is currently limited to premium bigger-size tyres for performance cars and radial tyres for trucks and buses. It has a production facility in Chennai with an installed capacity of over 30,000 tonnes per annum. Michelin also gets 2-wheeler tyres manufactured in the country through a partner.

Apr 14, 2023

India presents a $125 bn GMV opportunity to B2B marketplaces in next five years: Report

Business-to-business (B2B) marketplaces in India are set to clock $125 billion in GMV (gross merchandise value), Avendus Capital said in a report, instilling confidence in the sector that has seen some of the country’s top revenue-grossing unicorns in FY22 (2021-22). B2B marketplaces, as of the calendar year 2022, had a GMV of about $20 billion, which grew almost 100 per cent over 2019 on a CAGR (compounded annual growth rate) basis, according to the report. Now in the next five years, it is expected to grow at 45 per cent CAGR, the report showed. Moreover, tech penetration in the B2B marketplaces is expected to deepen to 5 per cent by 2027 from under 1 per cent currently.

Apr 13, 2023
Vivo to invest Rs 1100 crore more in India towards local manufacturing, retail and local R&D

Chinese smartphone maker Vivo will invest Rs 1100 crore more by 2023-end to expand its annual local production capacity to support local and export requirements and will also make its new 169-acre manufacturing facility operational by early 2024, a senior executive said.

Apr 12, 2023
Smart manufacturing for personalised medicine

Recent advancements in mRNA cancer vaccines have highlighted the potential of personalised medicines, but this brings unique challenges in production and scale-up. Here, James Zaremba, sales director at automation specialist COPA-DATA, explains how specialised software can help to navigate the complexities of this new generation of pharmaceutical manufacturing. Messenger RNA (mRNA) is an underpinning part of vital biological processes, but interest is growing in its potential therapeutic applications. mRNA was the foundation of the most profitable and important vaccines to date — the ground-breaking COVID-19 vaccines — and now attention is turning to how this technology can treat other diseases.

Apr 11, 2023
India’s EV sales cross milestone

India’s electric vehicle sales crossed the one million-unit mark in FY22-23. According to the latest data from the Society of Manufacturers of Electric Vehicles (SMEV), the overall EV industry registered sales of 1,152,021 units including e-buses, e-cars, e-three-wheelers, and e-two-wheelers in FY 2023. This is up from 726,861 units sold in FY21-22, up 58%.

Apr 10, 2023

Manufacturers less optimistic about demand conditions in Q1: RBI survey

ndian manufacturers are less optimistic about demand conditions in April-June 2023, showed a Reserve Bank of India (RBI) survey. This reduced optimism is reflected in manufacturers’ lower expectations on production, order books, capacity utilisation and foreign trade, the Industrial Outlook Survey on the Manufacturing Sector for Q4, 2022-23 showed. The net responses on the overall business situation moderated to 58.3 per cent in the first quarter of 2023-24 from 63.1 per cent in the last quarter of FY23.

Apr 07, 2023

India likely to add 150k jobs this year in phone manufacturing

Up to 150,000 new jobs in mobile manufacturing are expected to be created in the country this fiscal as leading companies ‘scout’ for manpower to meet their current requirements and expansion plans. Top handset manufacturers and makers of associated devices are planning large-scale hiring in the country, driven by the global shift to manufacture beyond China and the Indian government’s production-linked incentives (PLI) scheme, according to staffing companies including TeamLease, Randstad, Quess and Ciel HR Services.

Apr 06, 2023

Local value addition in wearables, hearables manufacturing set to increase

Local value addition in wearables and hearables manufacturing is set to increase with India’s major smartwatch and headphones makers such as Dixon Technologies and Optimus Electronics starting making printed circuit boards (PCBs) for their customers. The wearables segment has seen rapid growth, clocking 46.9% year-on-year growth in 2022 as shipments reached 100 million, as per IDC India.

Apr 05, 2023

India’s manufacturing PMI hits a three-month high of 56.4 in March

India’s manufacturing sector posted a remarkable performance at the end of the final fiscal quarter, as the growth of factory orders and production quickened to the strongest in three months. With pressure on supply chains subsiding and raw material availability improving, input cost inflation retreated to its second-lowest mark in two-and-a-half years. Subsequently, goods producers concentrated on rebuilding their stocks.

Apr 04, 2023

Time for India to focus on becoming global electronics manufacturing powerhouse

Commerce minister Piyush Goyal recently said that Apple has a target of moving 25% of their phone manufacturing to India. Several global electronics companies (from consumer electronics to aerospace) have embarked on a China+1 and even a China replacement strategy for manufacturing. Hence, India has witnessed significant interest from global companies in electronics manufacturing. In addition, India’s domestic demand for consumer electronics/appliances is seeing significant growth and is expected to touch USD 21.18 billion by 2025 (from USD 9.8 billion in 2021).

Mar 31, 2023
Auto parts industry revenue to grow 5%-8% in FY24 despite weak exports: ICRA

ICRA projects its sample of 44 auto ancillaries with aggregate annual revenues of over R$ 2,50,000 crore to grow by 5%-8% in FY2024, driven by healthy domestic demand, despite a high base and weak export environment. ICRA expects EV opportunities, premiumisation of vehicles, focus on localisation, improved export potential, and regulatory norms changes to translate into healthy growth for auto component suppliers over the medium to long term.

Mar 30, 2023
Maharashtra set to offer incentives to push e-vehicle purchase

Planning to buy an e-vehicle? You could expect some goodies to come your way. The state has come out with a government resolution to set up a panel to offer incentives to prospective buyers of electric vehicles (EV) in the state in the coming months, under the Electric Vehicle Policy, 2021. Sources said that the aim is to encourage more registrations of EVs across Maharashtra, with the population already touching 2.4 lahks. Mumbai has 22,000 electric vehicle registrations.

Mar 29, 2023

MeitY forms task force with the aim to make India ‘product developer and manufacturing nation’

The Ministry of Electronics and Information Technology (MeitY) has constituted a nine-member task force to make India a ‘product developer and manufacturing nation’. The move marks another step in the country’s efforts to position itself as an alternative to the likes of China and Vietnam. The task force will be chaired by the additional secretary (MeitY), Bhuvnesh Kumar with the joint secretary (electronics), Amitesh Kumar Sinha as the member convenor.

Mar 28, 2023
India can be No 1 automobile manufacturer by using lithium reserve: Gadkari

Union road, transport and highway minister Nitin Gadkari said that if India can use recently discovered lithium reserves in Jammu and Kashmir, it will become the world’s number one automobile manufacturing country. Addressing an event organised by industry body CII, Gadkari said there is a need to encourage public transport, and electric buses are the future. India has beaten Japan to become the third largest vehicle market in 2022 after China and the USA. According to Gadkari, India’s automobile industry is presently worth Rs 7.5 lakh crore, and the sector’s contribution to the overall GST revenue is maximum.

Mar 27, 2023
PLI schemes to create 60 lakh new jobs in 5 yrs: Centre

The Production Linked Incentive (PLI) schemes, being implemented by the government with an outlay of ₹1.97 lakh crore for a period of 5 years starting from 2021-22, have the potential for creating 60 lakh new jobs. The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.

Mar 23, 2023

No stamp duty for women’s MSMEs in Uttar Pradesh

Micro, small and medium enterprises (MSMEs) coming up in Purvanchal and Bundelkhand regions of UP will be eligible for 100% exemption on stamp duty and so would be incentives for women entrepreneurs who get into manufacturing in the state. Releasing the key exemptions being offered under the UP MSME Promotion Policy 2022, the government announced that the state has been divided into five regions to encourage entrepreneurship in the manufacturing sector and will provide subsidies under various slabs.

Mar 21, 2023

High hopes of Indian textile industry from PM MITRA Parks

Indian government has announced the locations of the seven mega textile parks under the PM Mega Integrated Textile Regions and Apparel (PM MITRA) scheme recently. The decision has been hailed by Indian textile industry organisations as an important step to scale up textile production. The industry bodies anticipate that the move will not only attract foreign and domestic investment but also strengthen India’s position in the global textile sector.

Mar 20, 2023

Govt aims ₹24 lakh crore electronics manufacturing capability by 2026, says minister

Union Minister of State for Electronics and IT Rajeev Chandrasekhar said that the government is aiming to increase electronics manufacturing capability to ₹24 lakh crore by 2025-26. He said the initiative would create 10 lakh jobs. Minister said the country is today at an inflection point – the most exciting period in its history – and the present generation of students is the luckiest generation in independent India’s history.

Mar 17, 2023

Centre approves Rs 765 cr for electronics manufacturing under PLI scheme: Report

Under the production-linked incentive (PLI) scheme, the government has approved another tranche of financial incentives worth Rs 765 crore for electronics manufacturing, according to a report in the Economic Times.
Wistron, Apple’s contract manufacturer in India will receive the majority of the funds approved. It will receive Rs 601.93 crore of the total Rs 765 crore.

Mar 16, 2023

Brakes India unveils brake pads for electric vehicles

Leading the trend and adapting to the growing market needs of the automotive sector, TVS Apache, a brand of Brakes India, has launched ZAP brake pads with advanced friction technology for electric vehicles. Boasting enhanced corrosion protection and quiet braking, ZAP is specifically designed and formulated to suit the requirements of electric vehicle customers

Mar 15, 2023

Electronics manufacturing gets a fresh Rs 765-crore PLI scheme: Report

The government has approved another tranche of a production-linked incentive (PLI) scheme worth Rs 765 crore for electronics manufacturing, with a big chunk directed to Wistron, according to an Economic Times report. Wistron is Apple’s contract manufacturer in India. It will receive Rs 601.93 crore of the total Rs 765 crore. Dixon Technologies’ unit Padget will receive Rs 149.63 crore. AT&S, Shogini, and Alcon Electronics will receive incentives worth Rs 7.58 crore, Rs 3 crore, and Rs 2.40 crore, respectively.

Mar 14, 2023

FY23 exports to cross $750 billion: Piyush Goyal

Commerce and industry minister Piyush Goyal on Monday said that India’s goods and services exports will cross $750 billion in the financial year 2022-23, and that country is expanding rupee trade with several countries, many of which are at an advanced stage of dialogue and finalisation.

Mar 13, 2023

India to chip in after pact with US, may fill world’s semiconductors gap

People buying new cars are getting the second key after months of wait. Costs of electronic goods and computer components have shot up. And all this is because of a shortage of a chip that costs hardly a few dollars. Not only could India help such issues never crop up, the country could also realise its long-nurtured dream of becoming a hub for electronics goods. And it could also help bridge the global demand-supply gap in semiconductors.

Mar 10, 2023

Strict quality standards to be introduced for the Indian manufacturing sector, says Union Minister Piyush Goyal

To help India’s manufacturing sector, the government is working to introduce quality standards on a larger scale, said Union Minister Piyush Goyal. He was speaking at Massmerize 2023, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). India is going to see more consumer demands driven by sustainability, opined the minister.

Mar 09, 2023

Seeking technology, manufacturing partnership with Indian pharma companies, says Mexico’s foreign secretary

Mexico is seeking investments and technological collaborations with Indian drug makers in a bid to bolster its pharmaceutical industry and reduce dependency on imports for critical drugs and vaccines. “We learnt a lot during the pandemic. We realised that we can’t have a dependency on companies in the developed world,” Mexico’s foreign secretary Marcelo Ebrard told ET.

Mar 08, 2023

iPhone-maker Foxconn to set up a manufacturing facility in Telangana

Taiwanese multinational electronics contract manufacturer Foxconn (Hon Hai Precision Industry Co. Ltd), known for manufacturing iPhones, will set up a manufacturing facility in Telangana’s Kongara Kalan, in Ranga Reddy district. Foxconn Technology Group Chairman Young Liu met Telangana CM K Chandrashekhar Rao on March 2 in Hyderabad, where it was agreed that the company would set up an electronics manufacturing facility, with an employment generation potential of over 1 lakh. This announcement comes after Karnataka Chief Minister Basavaraj Bommai said that Foxconn would invest in the state, which would create up to 1 lakh jobs in the state. An MOU was also signed in the presence of CM Bommai on Friday, and 300 acres of land was identified in Doddaballapur and Devanagalli taluks near Bengaluru International Airport.

Mar 06, 2023

Indian chemical industry to be valued at $1 trillion by 2040

India’s chemical industry currently valued at around $220 billion, is expected to touch $300 billion by 2025 and reach the $1 trillion mark by 2040, fuelled by growth in per capita income and consumption levels said Arun Baroka, Secretary, Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers at the Indian Chemical Council’s conference.

Mar 03, 2023

MSME Minister Narayan Rane launches FIRST to support MSME digitisation in India

Union MSME Minister Narayan Rane announced the launch of FIRST, the Forum for Internet Retailers, Sellers, and Traders. The aim of FIRST is to create awareness and support MSMEs across India on the opportunities that will help them go digital and become self-reliant. Over 17,200 enterprises based in India across the retail, trade and commerce sector, selling goods and services, have registered with the Forum.

Mar 02, 2023

Making India the world’s factory to be a key focus today

India’s aspirations of attaining developed nation status and becoming the world’s third-largest economy by 2047 hinge on the rapid scaling up of its manufacturing sector to meet global demand. However, the investment required to achieve this is nothing short of staggering, given India wants to raise the size of its manufacturing sector to $1 trillion over the next few years.

India is now projected to become the third most sought-after manufacturing destination globally by 2025 and to add over $500 billion to the global economy annually.

Mar 01, 2023
Indian semiconductor market to reach USD 55 billion by 2026: Deloitte
India is poised to emerge as a major player in 5G, semiconductor and chip technology, live sports, and AVOD with private deployment networks likely to take off in a big way during 2025-2028, according to consultancy Deloitte. It has also projected the Indian semiconductor market to be worth USD 55 billion by 2026. Satellite broadband and communication service market in India is expected to grow and expand with the developing use case horizon and exponential growth in data consumption, as per Deloitte’s 2023 TMT(Technology, Media, and Entertainment, Telecom) predictions. Deloitte predicted the Indian semiconductor market will reach USD 55 billion by 2026 with more than 60 per cent of the market being driven by three industries – smartphones and wearables, automotive components, and computing and data storage.

Feb 28, 2023

The next 25 years: India’s golden opportunity to become a manufacturing powerhouse
After 75 years of independence, India is entering its golden era—leapfrogging the United Kingdom to become the world’s fifth-largest economy and on track to have a GDP of more than $15 trillion to become the third-largest economy by 2047. The country has been a shining light in an otherwise gloomy global outlook and is poised to be the fastest-growing large economy in the decades to come. So far, India has followed a unique growth trajectory. Over the past two decades, the services sector grew rapidly without a manufacturing boom, unlike other countries where manufacturing growth precedes services. The services sector’s contribution to GDP has risen from 45 percent to 55 percent while manufacturing has remained largely stagnant at 15 percent in 2017 and 17 percent in 202
Feb 27, 2023
India will be third largest economy in 4-5 years: Piyush Goyal
Union Commerce Minister Piyush Goyal said he was convinced that India would be the third largest economy in four years or so, at best five years “My own conviction about the way India is growing is that we will drive our economy probably closer to 35-40 trillion-dollar by 2047. The desire of every Indian is to be second to none,” he said addressing the Asia Economic Dialogue in Pune. He said that India is now a partner the world can trust. “By converting the COVID-19 crisis into an opportunity, we were able to open the world’s eyes towards India. Our ability to innovate and come out with vaccines and distribute and vaccinate the population at low cost has been a world record. During COVID-19, we did not let down a single international commitment. We are a trading partner the world can trust. We have had the highest ever exports in 2021-22
Feb 24, 2023
FDA director lauds India’s growth in making medicines
USA’s Food and Drug Administration (FDA) quality division director Dr Carmelo Rosa on Thursday lauded India for making continuous progress in the field of manufacturing medicines. Inaugurating the two-day workshop on “Current Good Manufacturing Practices” jointly organised by Andhra University and FDA at the Andhra University campus, Rosa advised that changes in law must be adhered to while manufacturing quality medicines. Stating how regulators are facing many challenges, he explained the work of the FDA in providing safe, quality pharmaceuticals and food products to American citizens. He pointed out that awareness about laws is created and implemented at different stages of drug preparation, approval and consumption.

Feb 23, 2023

Semiconductor manufacturing to start very soon in India: IT secretary
Electronics and IT secretary Alkesh Kumar Sharma said that the production of semiconductors in the country will start very soon. He was responding to a query around a plan of action of the Ministry of Electronics and IT after state-owned company Energy Efficiency Services Limited (EESL) raised the issue of a shortage of electronic chips and printed circuit board (PCB or motherboard) hindering domestic production of electric meters. Speaking at a conference on technology transfer by C-DAC, Thiruvananthapuram for local manufacturing of smart meters and electric chargers, Sharma said Meity has taken lead in technology development, be it the electronic or automotive sector, artificial intelligence.
Feb 22, 2023
Centre to introduce quality controls for electrical goods: Piyush Goyal
There is a need to issue Quality Control Orders (QCOs) across sectors in the electrical industry, minister of commerce and industry. The minister sought the industry’s support in implementing QCOs. “Quality control orders will help us save the industry from unfair competition from non-transparent economies which are pumping low quality goods and sub optimal goods into the country,” he said at ELECRAMA, the flagship event of the Indian electrical & allied electronics industry ecosystem as well as the power sector. Goyal urged larger companies to support and handhold smaller companies to develop quality consciousness by making them realize that quality would help them grow, get better markets and better prices.

Feb 21, 2023

Will focus on local manufacturing, reduce carbon footprint: Maruti Suzuki
Maruti Suzuki India said it will continue working on all kinds of technologies to reduce its carbon footprint. The auto major will also focus on local manufacturing to achieve its goals, it said in a stock exchange filing on Monday. The company stated that multiple technologies would be required for the decarbonisation of the Indian auto sector. The total carbon reduction of the fleet will depend upon not just the carbon duction of each technology, but also on the volume of vehicles each technology can generate, it noted.
Feb 01, 2023
India has unique opportunity to become global manufacturing hub this decade: Survey
India has the physical and digital infrastructure to make a realistic bid to be an important player in global supply chains with production-linked incentive (PLI) schemes as the platform to plug into global manufacturing. the Economic Survey said, as global commodity supply disruptions are expected to intensify over the year due to the Russia-Ukraine war, the West’s price caps on Russian oil and the re-emergence of Covid-19 in China

Feb 02, 2023

Budget 2023 – Revving up the engine: Manufacturing sector braces for growth
The FM pronounced a pro-growth agenda with a massive capital outlay in infrastructure, green growth and tech enabled projects and impetus to ‘Make in India’ and ‘Aatmanirbhar Bharat’ programs.
Feb 01, 2023
India’s manufacturing PMI moderates in January amid slower increase in total sales
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index fell from December’s high of 57.8 to 55.4 in January India’s manufacturing sector activity moderated in January amid a slower increase in total sales, and headcounts were broadly unchanged amid sufficient staff numbers to cope with current requirements, according to a monthly survey

Feb 02, 2023

Auto component sectoral body welcomes govt’s push on exports, manufacturing, local value addition
ACMA, the apex body representing India’s auto component sector, congratulated the government on the measures announced in the Union Budget, especially for the focus on inclusive growth, development of infrastructure, ease of doing business, enhanced outlay for capital expenditure, impetus to growth and development of MSMEs and thrust on skilling and research in the latest technology domain.
Feb 01, 2023
Focus on ELS cotton in the budget can boost India’s garment exports, says TEA
The budget announcement about increasing the yield of the extra-long staple (ELS) in the country is expected to boost India’s garment exports and the import dependence of the industry for the ELS cotton. The government has announced a scheme for increasing the production of Extra Long Staple Cotton in the country under Cluster Development Initiative through PPP mode.

Feb 01, 2023

Budget 2023: India imports thousands of electronic components, denting Modi government’s self-reliance push
India is moving at a rapid pace to become a global leader in electronics manufacturing. However, this goal is not achievable until there is a synchronised ecosystem in place. Industry experts say the country lacks on this front. Hamish Patel, Chief Product Officer, World of Play, which makes Bluetooth headphones, neckbands, smartwatches, says that the electronics sector lacks a full-fledged component ecosystem, which results in higher import costs and increased lead time for the manufacturers.

Jan 31, 2023

Domestic pharmaceutical market to reach $130 bn by 2030: Eco Survey
India’s domestic pharmaceutical market is estimated to reach USD 130 billion by 2030 and the pharma industry has sustained its growth momentum after the pandemic, according to the Economic Survey 2022-23. The country’s pharmaceutical exports achieved a healthy growth of 24 per cent in FY21, driven by COVID-19-induced demand for critical drugs and other supplies made to over 150 countries, said the survey tabled in Parliament. The Indian Pharmaceutical industry plays a prominent role in the global pharmaceutical industry,” it said adding, India is ranked 3rd worldwide in the production of pharma products by volume and 14th by value.

Company news

May 30, 2023

Capximize India participated in the Maharashtra Industrial Expo – MahaIndX, CIDCO Exhibition Center, Navi Mumbai on 01, 02, 03, Jun’23

We Thank all of those who visited us at the stall A-34.

May 30, 2023

Capximize India participated in the Electric Expo 2023, from 02 Jun’23 to 04 Jun’23

We thank all those who visited us at the Stall No. 3o.

Apr 30, 2023

Capximize India participated in the Auto Cluster Exhibition Center, Chinchwad, Pune, on 25, 26, 27, 28 May’23

We thank all of them who We are in Stall No. 10 of Hall A.

Event: Globe Tech Engineering Expo

Mar 30, 2023

Capximize India participated in Screen Print India’s GARTEX texprocess zone between 11 & 13 May’23

Thank you for Visiting us at Booth O-15  for GARTEX texprocess on 11 / 12 / 13 May 2023 at the Jio World Convention Center, Mumbai

The summit was organised by Screen Print India!

Mar 30, 2023

Capximize India participated in Elcina’s Supply Chain Summit 2023 on 21st April 2023

The summit was organised by Elcina! We thank the ones who visited us.

Mar 16, 2023

Capximize India participated in India Electronics Expo 2023

Capximize India is thankful to all those who visited us and registered on the platform, at Stall C40B at the India Electronics Expo 2023 at the Pragati Maidan 2023 The expo was sponsored by Department of Commerce, Ministry of Commerce and Industry, Government of India. We thank the ones who visited us.
India Electronics Expo 2023 - 1
India Electronics Expo 2023 - 2
India Electronics Expo 2023 - 3

Mar 20, 2023

Capximize has conducted a Seminar on 29-March-2023 in Vapi along with HDFC!!!

Capximize India, along with HDFC Bank, on 29 March 2023 organised a seminar for sharing the valuable offerings for the benefit of the valued members of Vapi Industries Association. We Thank HDFC Bank and the ones who visited the seminar.
Capximize India Vapi Association HDFC 1
Capximize India Vapi Association HDFC 2

Feb 21, 2023

Capximize India – Innovative Start-up

The jury members of BIA – Bombay Industries Association have awarded Capximize as

“MOST INNOVATIVE START-UP OF THE YEAR” award during their 75th foundation day held in Mumbai.

The award was given at the hands of Ex Governor of Northeastern States: Shri.Padmanabha Balakrishna Acharya.

BIA Award
BIA Award 2
BIA Award 3

Mar 06, 2023

World Textile conference

It was a pleasure for Capximize India at the World Textile Conference which was organised at Ahmedabad on 25th and 26th of February 2023.

World Textile Conference
Registration campaign going on at Ahmedabad Textile Conference.
Registration campaign going on at Ahmedabad Textile Conference - 2

Mar 06, 2022

Pharma Live Expo

We participated in the Pharma Live Expo 2023 in Mumbai. The expo was organised by IDMA. The dates of the Expo were 01 / 02 / 03 March 2023.

We received an over whelming response, especially from many Capximizees abroad!

Pharma Live Expo 2023
Pharma Live Expo 2023 -1
Pharma Live Expo 2023 - 2
Pharma Live Expo 2023 - 3
Dec 12, 2022
More than 250 companies visited us during the AISA Engineering Expo held in Aurangabad on Dec 16-19th​
We participated in AISA Engineering Expo in Aurangabad (stall no. 14 in Hall B). We had more than 250 visitors and were very keen to register on the platform.
Dec 09, 2022
Capximize co-founder Avinash Bapat and other dignified speakers spoke at IFCC on “A new way to co-manufacture – It all start with access” on Dec 15th at 3pm. Click here to view the recording

Nov 16, 2022

Industry seminar at Pimpri-Chinchwad
An industry seminar featuring Capximize India was organized by Laghu Udyog Bharti, Pimpri-Chinchwad yesterday at Bhosari, Pune. Members of Laghu Udyog Bharti were briefed about Capximize’s platform.
Nov 10, 2022
Capximize India participates in Pune Manufacturing Expo
Pune Manufacturing Expo – 2022, was organized at the Auto Cluster, Pune from 7th to 9th November. Capximize India participated in this. Manufacturing companies from #auto sector, #Defence, #aerospace, #electronics, #chemicals and several other sectors visited our stall and registered on the Capximize platform.
Capximize Pune Manufacturing expo
Capximize Pune Manufacturing expo 2
Capximize Pune Manufacturing expo
Capximize Pune Manufacturing expo 2
Sep 01, 2022
Industry seminar at Umargam
A seminar was organized by Capximize India along with Umargam Industries Association on 17th August 2022. The seminar was on the topic of “Business Growth Opportunities for Manufacturing Companies in Umargam” and it witnessed a good attendance.

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