India`s position set to rise in global supply chains with huge chip investments

As India marches towards becoming the global semiconductor hub, industry experts on Saturday said the country could receive a massive up to $30 billion investment in the sector in the next three-five years which would further bolster its position in the supply chain worldwide.  On Thursday, the Maharashtra government approved four major projects totalling an … Read more

India ACC battery manufacturing to woo $9 bn investment in 5 years, create 50K jobs

The advanced chemistry cell (ACC) battery and associated components manufacturing sector in India is likely to attract a cumulative investment of $9 billion (Rs 7.5 lakh crore) in next 5 years, according to latest industry data.  The ACC manufacturing industry has the potential to create 50,000 direct jobs during this period, according to the India … Read more

India`s technical textile industry exports to cross $10 billion by 2030: Minister

The Indian technical textile industry exports are projected to cross $10 billion by 2030, Union Textiles Minister Giriraj Singh said on Friday, adding that the niche carbon fibre will likely be produced by India in 2025-26.  The global trade of technical textiles is around $300 billion while India’s domestic market size stands at $25 billion … Read more

IMEC initiative to boost India`s maritime security, trade: Piyush Goyal

The India-Middle East-Europe Economic Corridor (IMEC) initiative will add to the country’s maritime security and faster movement of goods between Europe and Asia, Union Commerce Minister Piyush Goyal said on Friday, adding that there is also huge potential for cooperation in the tourism sector.  Addressing the ‘CII India-Mediterranean Business Conclave 2024’ in the national capital, … Read more