To give a boost to India’s manufacturing and innovation ecosystem, the Union government has signed a Memorandum of Understanding (MoU) with a leading air conditioning company to support startups, innovators, and entrepreneurs.
Once these become operational, around 15 lakh new jobs will be created, Majhi said on Tuesday while inaugurating India’s first Flat Rolled Products (FRP) aluminium unit at Hindalco Industries Limited’s Aditya Aluminium plant at Lapanga in Sambalpur district.
BJP has described the deal as “historic step”, highlighting its potential to create opportunities for 200 crore people in India and Europe—nations with one fourth of the GDP and affecting the economy of the entire world
In July, the growth rates of Mining, Manufacturing, and Electricity stood at (-) 7.2%, 5.4% and 0.6%, respectively.
Dr Misra stated that the primary objective of the SOP is to strengthen the enforcement of the Arms Act, 1959 (as amended by the Arms Amendment Act, 2019) and the Arms Rules, 2016 (as amended in 2022), especially at the grassroots level.
The electronics sector in the country is projected to create 12 million jobs by 2027 — 3 million direct and 9 million indirect roles, a report said on Saturday.
Three persons manufacturing contraband drugs were held along with the seizure of substantial quantities of raw material used in producing such drugs.
India's manufacturing sector growth revived after an eight-month low driven by faster increases in total new orders and international sales.
Goyal’s remarks came while engaging with the CEOs of over 140 PLI beneficiary companies in an interactive session, celebrating their achievements under the Production Linked Incentive (PLI) Scheme.
India’s business growth in September 2024 has slowed to a nine-month low, signalling potential challenges for the economy as demand cools and input costs rise.
