Manufacturing

IFC, a member of the World Bank Group, plans to contribute USD 35 million in equity and an additional USD 30 million in co-investment.

India's vision of becoming a global manufacturing hub hinges on the growth and competitiveness of its MSMEs. However, without addressing fundamental infrastructure challenges, this vision will remain elusive.

Adding to its portfolio, L&T's M&M vertical recently secured another high-profile contract—a project for an 8 million tonnes per annum (MTPA) pellet plant from a leading Indian steel producer.

The average interest rate paid by manufacturers stood at 9.5 per cent, with over 80 per cent of respondents indicating that they had adequate access to bank funds for both working capital and long-term investments.

SIDBI's MSME Outlook Survey offers valuable insights into the sector's evolving dynamics, reinforcing the crucial role of MSMEs in India's economic growth. With strong business confidence and an optimistic outlook, MSMEs are poised to paving the way for a more resilient and self-reliant economy.

Zetwerk has opted to partner with Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co., and Kotak Mahindra Bank Ltd. as the book-running lead managers (BRLMs) for the IPO.

India is the second-largest tobacco producer, with leaf tobacco exports expected to rise from an average of 2.4 lakh tonnes over the past three years to 2.8-2.9 lakh tonnes this fiscal.

The manufacturing sector finds itself at a crucial juncture in the growth of the economy, employment, and technological advancement while being prudent towards environmental sustainability

The company is actively building teams to manage the design of 15 different semiconductor products simultaneously and is already halfway through this process.

The firm plans to support 17-20 companies, with cheque sizes ranging from USD 750K to USD 1 million for initial investments and USD 2-3 million over the lifecycle of the startups.

Saraswati Saree Depot, the women's apparel wholesaler has announced that its public offer is open for subscription as of today and will close on August 14

JHS Svendgaard Laboratories Limited, the oral-care products manufacturer has secured INR 30 Crore (USD 3.66 million) in funding to support its expansion initiatives

Toyota Kirloskar Motor (TKM) has signed an MOU with the Government of Maharashtra to explore the potential of setting up a Green Field Manufacturing Facility

Dee Development Engineers Limited, commonly known as 'Dee Piping,' has announced its transition into a public limited company.

In this highly vying tech world, where innovations burgeon on a daily basis, understanding the growing demand in different sectors and leveraging the opportunity presented by 'China Plus One' strategy in tech manufacturing can fulfill India's aspirations to be among the world's top five semiconductor producers

India needs to reduce its import bills, for this we need to focus on the three pillars: technology, ecosystem and talent, says Akarsh K Hebbar, global managing director, Vedanta Semiconductors and Display

She is passionate also about creating a culture that embraces women's empowerment and is actively working towards having 50 per cent women in the workforce

As this sector evolves, it's attracting many global players keen to explore the vast opportunities the Indian market presents

The funding will empower Ati Motors to expand into markets in the US, South East Asia, Japan, and Europe while exploring untapped opportunities across pharmaceuticals, chemicals, maritime, and injection molding sectors

Frigate will use the fund raised to expand its digital manufacturing ecosystem to cater to its global customer base

Google built about 9 million Pixel smartphones last year, according to Counterpoint Research, and the discussions in India reinforce its plans to move production beyond China and Vietnam