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News & Events - Happening News in the Manufacturing Industry

Industry news

29 Sep 2023:


India’s impressive strides in the electronics manufacturing industry have captured global attention, solidifying its position as a key player on the international stage. Several factors, including a vast trainable workforce, cost-effective manufacturing, robust digital infrastructure, and a burgeoning consumer market, have contributed to the increasing appeal of India’s manufacturing potential. The country’s prowess in producing high-quality electronic goods is increasingly being recognised and sought after by international markets. A growing number of foreign companies are now establishing manufacturing units within the country’s borders, driving economic growth and creating jobs.

28 Sep 2023:

The aim is a $300 billion turnover in electronics by 2025: Rajeev Chandrasekhar

India’s impetus in the tech and digital manufacturing sector will create as many as 50 lakh jobs in the next three years, said Rajeev Chandrasekhar, minister of state for IT & Electronics. Companies like Apple, Micron and others are looking for trustworthy partners and economies, Chandrasekhar said at The Times of India Right To Excellence Tech Summit 2023. “We are one of the fastest growing digital economies in the world, and are encouraging companies to move supply chains to India,” the minister said, adding that the target is to hit a $300 billion turnover in electronics by 2025.

25 Sep 2023:

Govt to offer $2.2 billion incentive to boost local manufacturing, include six new sectors in PLI scheme: Report

In a bid to boost the local manufacturing sector, the central government is planning to offer incentives of up to 180 billion rupees. The investment will be pumped into six new sectors including chemicals, shipping containers and inputs for vaccines, reported Reuters citing officials.
The proposal is part of the country’s 1.97 trillion-rupee production-linked incentive scheme (PLI), launched in 2020. The PLI scheme currently focuses on 14 sectors ranging from electronic products to drones. However, it has been successful in only a handful of them.

 15 Sep 2023:

G20 has galvanised the manufacturing sector

India’s G20 presidency presents an opportunity to strengthen the country’s collaboration and economy. With the world’s most powerful countries represented, the G20 forum provides a premier platform for international economic cooperation, accounting for 85% of global GDP and 75% of trade. The timing of the Presidency is ideal for India to exercise greater influence on global policies and the economic sector.
The Business 20 (B20) is a G20 dialogue forum that has conducted a year-long series of summits, which saw the participation of Indian and global industry leaders. One of the significant outcomes of the G20 is the ‘India-Middle East-Europe Economic Corridor’, A cost-effective cross-border ship-to-rail transit network that will connect India to the Arabian Gulf countries, the European Union and the USA, expected to translate into trade and investment opportunities for Indian businesses, supporting global expansion to counter China’s Belt and Road Initiative(BRI).

 14 Sep 2023:

Saudi Arabia and India sign over 50 agreements at investment forum following G20 Summit

The India-Saudi Investment Forum, which brought together policymakers, business leaders and innovators from both countries, has concluded with the signing of over 50 Memoranda of Understanding (MoUs) and agreements. These landmark agreements covered ICT, entrepreneurship, chemicals, energy, and advanced manufacturing sectors.

 12 Sep 2023:

India’s G20 presidency can kickstart manufacturing

India’s G20 presidency presents an opportunity to strengthen the country’s collaboration and economy. With the world’s most powerful countries represented, the G20 forum provides a premier platform for international economic cooperation, accounting for 85 per cent of global GDP and 75 per cent of global exports. India’s presidency has successfully included the Global South industrial economies’ growth strategies, positioning itself as an attractive manufacturing hub.

 08 Sep 2023:

India to be ‘new manufacturing centre’: Foxconn chief

A little over a month after meeting Prime Minister Narendra Modi in Gujarat, Hon Hai Technology Group (Foxconn) chairman & CEO Young Liu once again threw his weight behind this production quality of India and said that the country is poised to emerge as the “new manufacturing centre in the world”, with the supplier ecosystem likely to develop faster the time it took to come up in China.

07 Sep 2023:
IIT Madras to develop AI-based smart manufacturing solutions for small industries

Indian Institute of Technology Madras (IIT Madras) Advanced Manufacturing Technology Development Center (AMDTC), a Centre of Excellence, is partnering with Fifth Generation Technologies India to develop smart manufacturing solutions for small and medium manufacturers. The collaboration will focus on conducting advanced research and development of smart manufacturing technologies for Small and Medium Manufacturers (SMM). The AMDTC, a Centre of Excellence on Machine Tools and Production Technology at IIT Madras, will be working with Fifth Generation Technologies India (P) Ltd., which is the Indian operation of the Canadian-headquartered 5G Group of Companies.

 06 Sep 2023:

Mint Explainer: Why factory production is at a three-month high

India’s manufacturing purchasing managers index (PMI) rose to a three-month high of 58.6 in August following an increase in orders and output, a survey by S&P Global showed. Mint explains the reasons. A robust improvement in sectoral conditions across India as well as new orders helped boost manufacturing during August. According to the survey, firms geared up to handle rising demand by scaling up buying levels and rebuilding their input stocks at the second-fastest pace in 18-and-a-half years of data collection.

Automotive sector sees major hiring shift amid EV boom

The Indian electric vehicle (EV) market is expected to reach USD 113.99 billion by 2029, driving changes in the automotive industry and creating skill gaps. The Automotive Skills Development Council emphasizes the need for skilling and reskilling to keep up with technological transformations. While hiring in the auto industry remained flat in July 2023, there was a 38% increase in hiring for senior professionals with 16+ years of experience.


Make in India: Dell, HP, Foxconn, and others in line for state aid in production

Amid the central government’s push to make a manufacturing hub for the world, its financial incentive plan to boost local production is receiving a good response. Till now, some of the world’s biggest firms like Dell Technologies Inc., HP Inc. and Apple Inc. supplier Foxconn Technology Group, have applied for the scheme. Under the plan, firms are entitled to incentives and subsidies by sourcing locally produced components. As per the scheme, companies are entitled to cashback of almost 5% of factory prices of finished products.

31 Aug 2023:

EV manufacturing is a new opportunity for the realty sector

The Electric Vehicle (EV) industry in India is the newest brainchild in the manufacturing sector, seeing a steady rise due to its appeal as a sustainable alternative. In January 2023, India surpassed Japan to become the third-largest auto market globally by auto sales. The Indian EV market is expected to grow at a CAGR of 90% to reach USD 150 billion by 2030.

30 Aug 2023:
Make in India at an Inflection Point!
In his 2014 Independence Day speech, the Prime Minister invited businesses from India and abroad to manufacture in India with high quality and environmental sustainability. The government has since implemented a number of initiatives to make this vision a reality, including improving the ease of doing business, introducing the Goods and Services Tax (GST), reforming foreign direct investment (FDI) regulations, investing in infrastructure, enacting the Insolvency and Bankruptcy Code (IBC), and launching the PM Gati Shakti National Master Plan, the National Logistics Policy, and the Production Linked Incentive Scheme for select industries. These initiatives are aimed at making India a manufacturing powerhouse and an integral part of global supply chains.
29 Aug 2023:
India’s auto industry poised to rank number 3 in the world by 2030: Govt
In the automobile market in India, two-wheelers and passenger cars accounted for 77% and 18% market share respectively during 2021-22. Passenger car sales are dominated by small and mid-sized cars. India’s automotive industry is poised to rank number three in the world by 2030, with various schemes like the INR 25,938 crore PT 1 for Automobile and Auto Components supporting the sector’s growth, the government said.

28 Aug 2023:

BT India@100: Manufacturing is key for India to become a high-income country by 2047, say industry heads
India’s gross domestic product (GDP) is touching $3.5 trillion as the nation stands tall as the fifth largest economy in the world. But boosting its manufacturing in key sectors would be the key for India to become a high-income country by 2047 when it celebrates its 100th independence, said industry leaders. The country’s leading industrialist Baba Kalyani said the country needs to focus on certain key sectors and build its muscle around manufacturing to turn itself into a high-income country. Kalyani is the Chairman and Managing Director of diversified manufacturing major Bharat Forge.

25 Aug 2023:

TN is keen to establish India Centre for Advanced Manufacturing in partnership with WEF
The Tamil Nadu government is keen to establish the India Centre for Advanced Manufacturing in partnership with the World Economic Forum (WEF). The State government in collaboration with the WEF hosted a public-private discussion attended by nearly 20 business leaders to deliberate on establishing the centre in Chennai.

24 Aug 2023:

T.N. has attracted ₹2.97 lakh crore investment proposals in the manufacturing sector over the past two years: CM Stalin

During his speech at a virtual meeting of the Chief Minister’s Economic Advisory Committee, Mr. Stalin said the proposals included those of Mitsubishi, Pegatron and Ola, among others. Mr. Stalin said that many investment proposals have also been received in the non-leather footwear industry sector that could potentially provide increased employment opportunities for women. Proposals have also been received in the e-vehicles sector. He also underlined T.N.’s notable progress in the electronics sector.

23 Aug 2023:

Apple plans to scale up domestic component manufacturing in India
Apple is looking at concrete plans to scale up its domestic component manufacturing in India. The iPhone maker has shared the details in a meeting with top finance ministry officials, a top government official said. “There was a meeting in July in which Apple made a presentation. They wanted the government to know of its plans. Apple is interested in increasing its domestic component base, and is actively looking at it. The meeting focused on a better understanding of the supply chain and greater indigenisation. The overall growth of the smartphone manufacturing industry was also reviewed,” the official said.

22 Aug 2023:

Smart Manufacturing Industry Opportunities Assessment 2023-2030: Increasing Adoption of Digital Twin Technology, a Boon to Market Growth
The global smart manufacturing market has experienced significant growth driven by factors such as increasing supply chain complexities, growing industrial automation, and the adoption of Industry 4.0 principles. This has led to increased investments in research and development within the smart manufacturing market. Additionally, the rise of sophisticated technologies and high-value mergers and acquisitions are contributing to the expansion of the market, promising lucrative outcomes for manufacturers and stakeholders worldwide.

Company news


Visit the Capximize Team at Stall No: N21; 

Venue: Pavilion 2 & 3, Jio World Convention Centre (JWCC), BKC, Mumbai

Dates: 12, 13, 14 September 2023

We Thank all of those who visited the Capximize Team at Stall No: C52; 

Venue: Bombay Exibition Center, Goregaon East. 

Dates: 01, 02, 03 September 2023

Thanks all those who visited our stall

Appreciate all those who visited the stall.

Thank you to each one of you making our presence a grand success!

Hope you experienced Capximize’s offerings at the stall A-34.

Hope you enjoyed visiting us at the Stall No. 3o.

We hope to help help you in your business post visiting Stall No. 10 of Hall A, at the Globe Tech Engineering Expo.

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!

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

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.

Thanks all!

India Electronics Expo 2023 - 1
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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
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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
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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.
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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
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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.
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
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.
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
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Capximize Pune Manufacturing expo
Capximize Pune Manufacturing expo 2
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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