Chennai: In a landmark realignment within the Murugappa Group, scion Vellayan Subbiah is set to exit Cholamandalam Investment and Finance Company, the conglomerate’s flagship lending arm. The decision comes after more than two years of negotiations among the family’s promoter factions, aiming to restructure ownership while maintaining business continuity. Family…
Tag: #ManufacturingIndia
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Advanced Manufacturing Systems Mission Gets Push
India’s proposed Advanced Manufacturing Systems Mission moved a step closer to reality after a high-level stakeholder consultation held at the Central Manufacturing Technology Institute (CMTI) in Bengaluru. The meeting brought together policymakers, industry leaders, researchers, MSMEs and startups to chart a coordinated roadmap for strengthening India’s advanced manufacturing ecosystem. The…
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India’s Factory Boom, But Capability Gap Widens
New Delhi, February 22, 2026: India’s industrial expansion across automobiles, electronics, batteries and pharmaceuticals is accelerating at an unprecedented pace. Massive factories are rising, investments are flowing, and production-linked incentive (PLI) schemes are reshaping manufacturing. Yet a deeper question persists: while India is building factories, is it truly building technological…
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PLI Scheme Boosts Manufacturing with ₹1.91 Lakh Crore
India’s Production Linked Incentive (PLI) Scheme, backed by an outlay of ₹1.91 lakh crore, has emerged as one of the most ambitious industrial reform initiatives in recent years. With 836 approved applications spanning 14 strategic sectors, the scheme is accelerating investments, boosting exports and generating large-scale employment across the country….
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Work Advances on 12 New Greenfield Industrial Cities
India’s ambitious plan to develop 12 new greenfield industrial cities has achieved significant progress, with Special Purpose Vehicles (SPVs) established for all projects, Engineering, Procurement, and Construction (EPC) contractors appointed for most, and environmental clearances secured for nearly all. The large-scale initiative aims to strengthen India’s manufacturing ecosystem, attract domestic…
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National Productivity Week 2026 Kicks Off at NPC
The National Productivity Council (NPC) marked its 68th Foundation Day on February 12, 2026, launching National Productivity Week with a strong emphasis on strengthening India’s productivity ecosystem and global competitiveness. The national-level event held at India Habitat Centre in New Delhi brought together policymakers, industry leaders, MSMEs, and academic experts…
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“India–US Trade Deal Opens $30T Export Market”
India has achieved a landmark breakthrough in global trade with the signing of the India–United States Bilateral Trade Agreement, securing sustained preferential access for Indian exports to the U.S. market valued at over USD 30 trillion. The agreement delivers wide-ranging tariff reductions, zero-duty access for key product categories and calibrated…
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PLASTINDIA 2026 Opens at Bharat Mandapam with ‘Bharat Next’ Vision
PLASTINDIA 2026, one of the world’s largest and most influential exhibitions for the plastics industry, commenced on Wednesday at Bharat Mandapam in New Delhi, marking a significant milestone in India’s manufacturing and industrial journey. The 12th edition of the prestigious triennial event is being held from February 5 to 10,…
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India Joins BRICS Centre to Boost Manufacturing, MSMEs
India has formally joined the BRICS Centre for Industrial Competencies (BCIC), marking a significant step towards strengthening its manufacturing ecosystem and empowering Micro, Small and Medium Enterprises (MSMEs) through advanced industrial skills and global cooperation. The development was announced at an event organised by the Department for Promotion of Industry…
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Union Budget 2026–27: Focus on Stability, Capex and Jobs
Union Finance Minister Nirmala Sitharaman on Sunday presented the Union Budget 2026–27 in the Lok Sabha, marking her ninth consecutive Budget and the first time India’s annual Budget was tabled on a Sunday. The Budget signals a clear shift towards policy continuity, fiscal discipline and long-term economic resilience rather than…