India is on a trajectory to achieve steel production capacity of 300 million tonnes (MT) and a per capita consumption of 160 kg by 2030, according to the government.
India's smartphone exports touched a new milestone in the financial year 2024-25 (FY25), as it crossed Rs 2 lakh crore for the first time, Union Minister for Electronics and IT, Ashwini Vaishnaw, said on Tuesday.
Amid the debate on trade tariffs, industry leaders on Sunday said India has a strong advantage in high-value manufacturing and this situation could actually open doors for them in exports with right policy support.
Driven by the government's production-linked incentive (PLI) scheme, India’s semiconductor consumption market which is valued at $52 billion in 2024-25 is expected to grow at a robust CAGR of 13 per cent through 2030.
A total of 84 companies under the production-linked investment (PLI) scheme for white goods (ACs and LED lights) are set to bring investment of Rs 10,478 crore, resulting in production worth Rs 1,72,663 crore, an official statement said on Monday.
Union Minister for Steel and Heavy Industries H D Kumaraswamy will launch ‘PLI scheme 1.1’ for the steel industry on Monday at an event in New Delhi.
India is emerging as a major exporter of solar photovoltaic (PV) cells as countries look for alternatives to China for sourcing supplies in their switch to renewable energy to fight climate change.
The year 2024 has been one of incredible progress for India in both technology and medicine. From AI changing industries to major breakthroughs in nuclear energy, space exploration and quantum computing, it has indeed been a year to remember.
2024 has certainly become the year of Apple in India where the tech giant made new exports as well as domestic sale records, driven by the rising trend of premiumisation, the government’s production-linked incentive (PLI) scheme and aggressive retail expansion.
Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a written reply to a question in Lok Sabha that total 42 beneficiaries have been approved under the PLI scheme for telecom and networking products (till October 31).
