'Prime Minister Modi has initiated a host of reforms in the right direction, and I would like to see that continuing.'
Tech giant Apple on Monday said it is undertaking a detailed investigation following the violent incident at its supplier Wistron's Narasapura facility in Karnataka last week.
The government is close to approving a proposal by Micron Technology to set up an assembly, testing, marking and packaging (ATMP) facility in the country involving an investment of about $1 billion. The world's fifth largest semiconductor company, based in Idaho, USA, will use the facility to process some of its own wafers, manufactured across the globe.
Prime Minister Narendra Modi and President Vladimir Putin held the 21st India-Russia summit, covering an array of areas with an aim to further enhance the special and privileged strategic partnership between the two countries.
The facility would focus on equipment for the energy sector, besides aviation and health areas.
Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August, making it the seventh straight month of reduction.
The letter mentions certain cGMP violation based on site inspections conducted between July and August 2009.
Canada-based passenger trains maker Bombardier is planning to develop India as the exports hub for its products and solutions to cater to Europe, South America and the Middle East markets.
At its manufacturing facility in Pithampur (Madhya Pradesh), the company would be establishing a new assembly line for manufacturing the high-end MPV, Force Motors Ltd chief operating officer (Tractor Business) and President (Corporate sales and marketing), Naresh Kumar Rattan said.
Bharti Tele Tech Ltd, India s largest manufacturer of fixed line phones and a flagship company of Airtel group, on Thursday announced an investment of $1 million (over Rs four crore) to enhance its manufacturing capacity.
Integrated financial self-service systems provider Diebold announced on Thursday plans to make India a key manufacturing operation base for South Asia.\n\n\n\n
With US-based electric vehicle (EV) maker Tesla scouting for a suitable location for its foray in India, Rajasthan has joined the fray with a host of offers to woo the Elon Musk-led company. Other challengers include Gujarat, Tamil Nadu, and Maharashtra. Sources privy to the development said that an initial meeting between the senior executives of Tesla and the government of Rajasthan, which was held last week, turned out to be "quite positive." Tesla would now carry out a survey and is expected to share the survey details with the state's investment promotion department soon.
New York-based Pfizer now outsources about 15 per cent of its manufacturing capabilities. The company aims to double that figure, as part of cost-cutting measures.
The $100-billion SAIC would have a dedicated manufacturing facility in India, and would be the first Chinese automaker to do so.
The Minister said government is aware that regional language barriers have impeded the e-governance initiatives in rural India.
Drug firm MSD has decided to enter into voluntary licensing agreements for investigational oral antiviral drug candidate 'Mmolnupiravir', which is being studied for the treatment of Covid-19, with Indian drug firms Sun Pharma, Cipla, Dr Reddy's, Emcure Pharma and Hetero Labs, its Indian arm said on Tuesday.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
US drug regulator's fiat on Mohali factory, after strictures on the two other major Indian units, has numerous negative implications.
Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.
From the new facility, buses would be rolled out from the second quarter of 2015
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
France-based tyre manufacturer Michelin Group on Monday signed an MoU with Tamil Nadu government for setting up a Rs 4,000-crore (Rs 40 billion) manufacturing facility in Tiruvallur district near Chennai.
The company said the drug will be made available across India through the group's strong distribution chain reaching out to government and private hospitals treating COVID-19 patients.
The Bharatiya Janata Party (BJP) led central government will use the unorganised workers database - e-Shram portal - to provide the benefits of various government programmes to the nearly 300 million workers over the next five years, if it is voted to power for the third consecutive term in the upcoming general elections. "We have registered unorganised workers on the e-Shram platform. "We will reach out to the e-Shram registered 'shramik bandhu' and help them avail the benefits of various government programmes that they are eligible for," the manifesto of the party read.
The Indian Pharmaceutical Alliance has approached regulator for a dialogue to understand the concern raised by it
Independence Day was celebrated across states and Union territories on Thursday, as several chief ministers announced job schemes while some others vowed their support for Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047.
British Prime Minister Boris Johnson will arrive in Ahmedabad on Thursday morning as part of his two-day India visit, and will be accorded a grand welcome on a four-km route from the city airport to a hotel, officials said.
The Indian vaccine industry largely feels there are two ways in which vaccine innovation can be spurred - one, get a high price for the product and two, have the government buy a few hundred million doses of the product at a certain price.
The heavy industries ministry has asked US-based electric car major Tesla to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered, government sources said. They said that the government is not giving such concessions to any auto firm and giving duty benefits to Tesla will not send a good signal to other companies that have invested billions of dollars in India. Tesla has demanded reduction in import duties on electric vehicles (EVs) in India.
Harley Davidson, KTM-Bajaj, M&M make India production base for automobiles to be assembled and sold in China.
The hatch competes with cars such as Maruti Alto and Hyundai i10.
Computer storage chip maker Micron will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of $2.75 billion (around Rs 22,540 crore), the company said on Thursday. Micron will invest up to $825 million in setting up the plant in two phases. Micron's plant has been approved under the government's "Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,".
The Mahindra Group is an automotive, farm equipment, financial services, trade and logistics and information technology conglomerate.
India on Tuesday said cooperation in peaceful uses of nuclear technology is an important pillar of the multifaceted cooperation with Russia, which offered help in building small tropical nuclear power stations.
Chongqing, a populous economic hub in south-western China, is hoping to become Asia's largest manufacturing base for information technology products.
With farm Acts out of the picture, the government may look at reforming the input side of the agriculture sector - regulations and rules that govern seeds, fertilisers and plant chemicals. Sources said such a blueprint, which is aimed at making the life of farmers easier, with quicker approvals but not compromising on quality, is in the works as part of the 100-day agenda of Modi 3.0. Also, ways to administer fertiliser subsidy more effectively and cutting down on leakages and diversions to build on the success of neem-coated urea are being thought of.
Hershey's plans to raise its India presence and introduce some of its global brands, beside looking at more manufacturing facilities here.
