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Jul 25, 2024 | 
thehindubusinessline.com | Prithish Chowdhary
The Budget for 2024-25 presented in Parliament by the Hon’ble Finance Minister Nirmala Sitharaman has kept the momentum of infrastructure investment and has announced measures to take it to the next level. The Budget aims to boost safety systems in railways along with modernization and upgradation of existing infrastructure. The continued thrust on infrastructure will prove to be a catalyst for the manufacturing sector.
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Aug 16, 2023 | 
theindustryoutlook.com | Janifha Evangeline |Prithish Chowdhary |Richa Singh
Asia's semiconductor manufacturing map, India and Thailand have entered a full-fledged battle for manufacturing investment in semiconductors. India has emerged as a rival option to China and the US in the chip competition and is also taking advantage of every chance to establish itself as a significant player in the supply chain.
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Aug 14, 2023 | 
theindustryoutlook.com | Janifha Evangeline |Prithish Chowdhary |Richa Singh
According to a recent Deloitte survey, 93% of manufacturing companies believe that AI will be a crucial technology to drive growth and innovation. With the advent of AI, manufacturers can now leverage advanced algorithms and machine learning technologies to significantly improve their operations. AI-powered systems can help manufacturers monitor and analyze vast amounts of data in real time, enabling them to optimize their manufacturing processes.
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Aug 14, 2023 | 
theindustryoutlook.com | Sudhakar Singh |Janifha Evangeline |Prithish Chowdhary |Richa Singh
The Mines and Minerals (Development and Regulation) Amendment Act 2023 received the assent of the President last week. It aims to promote private sector involvement in mineral exploration, including valuable resources like lithium. Being touted as a prominent reform, it introduces exploration licenses specifically for deep-seated and crucial minerals such as gold, silver, copper, zinc, lead, nickel, cobalt, platinum group minerals, and even diamonds.
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Aug 13, 2023 | 
theindustryoutlook.com | Janifha Evangeline |Prithish Chowdhary |Richa Singh
The market demand for advanced chemistry cell (ACC) batteries in India is anticipated to increase at a CAGR of 50% from 20 GWh in 2022 to over 220 GWh by 2030. A sizable percentage of the whole value chain, from material processing to pack assembly and integration, is anticipated to be localised in India in order to support the booming domestic battery manufacturing industry and a strong local supply chain.
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Aug 13, 2023 | 
theindustryoutlook.com | Janifha Evangeline |Prithish Chowdhary |Richa Singh
In an interaction with Industry Outlook, Alagesan Thasari, Director & Head of Automotive Business and CTO - India, South East Asia, Australia and NZ, SKF India shares his views on the importance of energy efficiency in shaping the future of the automotive sector, the role research and development play in identifying and implementing innovative solutions to reduce friction and enhance energy efficiency in automotive design and manufacturing and more.
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Aug 12, 2023 | 
theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal |Sudhakar Singh
The solar energy market in India has undergone significant growth and transformation in recent years. India's emphasis on sustainable energy sources, coupled with favorable government policies, has driven the expansion of the solar energy sector. One of the key drivers behind the growth of the solar energy market is the government's ambitious targets and initiatives.
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Aug 11, 2023 | 
theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal
The Union Minister for New & Renewable Energy and Power, Shri R. K. Singh, revealed that India has been ranked 46th in the “Frontier Technologies Readiness Index” of the “Technology and Innovation Report 2023,” published by the United Nations Conference on Trade and Development (UNCTAD). The report assesses countries’ preparedness for embracing cutting-edge technologies.
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Aug 10, 2023 | 
theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal
SJVN Ltd, a state-owned company, has signed preliminary agreements for the development of solar parks and projects with the Oil & Natural Gas Corporation (ONGC) and Sambhar Salts Limited (SSL), a division of Hindustan Salts Limited. According to a statement by SJVN Ltd's CMD, Nand Lal Sharma, the company has signed two Memorandums of Understanding (MoUs) with ONGC and SSL.
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Aug 10, 2023 | 
theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal |Sudhakar Singh
Leading a business in the industrial springs market requires a combination of industry knowledge, strategic thinking, and effective leadership skills. To successfully navigate this market, a leader must understand the diverse applications, materials, and quality standards associated with springs. They need to stay updated on technological advancements and market trends, ensuring the business offers innovative solutions that meet customer needs. Innovation and customization play a significant role.
