The government has approved the production-linked incentive (PLI) scheme worth Rs 6,238 crore for air conditioners, LED lights sectors on April 7. Reportedly, the companies engaged in the manufacturing of ACs and LED lights will benefit by 4-6% increment on sales of goods manufactured in India for five years. The nationwide scheme will increase domestic manufacturing, said the Commerce and Industry Minister Piyush Goyal.
Indian Army Major Anoop Mishra has successfully developed the world’s first flexible bulletproof jacket 'Shakti' that be worn by both women and men. The universal ballistic jacket has been designed to absorb the impact of bullets and reduce their penetration to the human torso. Earlier, Minister of State for Defence Shripad Naik had appreciated the vest that is capable of protecting the personnel from explosives.
Courtesy: The Free Press Journal
India’s first native machine pistol ASMI was displayed at the Indian Army’s innovation exhibition on January 13. The indigenously developed gun has been built in collaboration between the Defence Research and Development Organisation (DRDO) and the Army. Compared to the Israeli Uzi guns, ASMI can fire at a range of 100 metres. ASMI would be likely inducted to replace the 9mm pistols employed in the defence forces.
Courtesy: Times Now News
While inaugurating the fully automated metro train, Prime Minister Narendra Modi has promised to enable metro services to more than 25 cities by 2025. Moreover, he said that the Make in India scheme has helped to reduce the costs by indigenous metro coach production. PM Modi added that Metro Neo projects would be established in… read-more
To support traditional Indian products and local artisans, Amazon India on November 18 decided to launch 'Made in India' Toy Store. The store will showcase toys from 15 Indian states in three different categories - traditional toys, handmade toys and educational toys. The company's vice-president Manish Tiwary said, “This store reinforces Amazon.in’s commitment to nurture and support local talent". Earlier, the company had organised a… read-more
Making an official comeback, Indian mobile manufacturer Micromax on November 3 launched two new devices in the smartphone market. Co-founder of the company, Rahul Sharma, said that the launched devices, 'IN Note1' and 'IN 1b', are more affordable and "performance-oriented" products than the Chinese ones. 'IN Note1' will start from Rs 10,999 while 'IN 1b' will cost Rs 6,999. The devices will be available for sale from November 24 and 26… read-more
Courtesy: The Hindu
Israeli company, NeoLync has been selected by the Ministry of Electronics and Information and Technology (MeitY) for manufacturing electronic goods in India. The Israeli Ambassador Ron Malka has expressed happiness over the selection and said that Israel stands by PM Modi's 'Atmanirbhar Bharat' vision. Speaking about ties between the countries, he said, "Israel and India don’t compete with each other, they complete each other." Reportedly,… read-more
The International Monetary Fund (IMF) on September 24, stated ‘Atmanirbhar Bharat’ as an ‘important initiative’ to support Indian economy and prevent downside risks. Speaking about India's ‘Make for the World’ goal, Gerry Rice, director-communication department, IMF, said India has to focus on policies that “integrate India in the global value chain, including through trade, investment and technology.” He added that ‘comprehensive structural… read-more
Apple confirms, the iPhone XR, iPhone 11 and the latest iPhone SE 2020 are set to be manufactured in India. Reportedly, the tech giant has already begun assembling the iPhone SE 2020 in Karnataka, at Apple's Wistron Plant. Touted to be the most pocket-friendly phone, iPhone SE 2020 which is set to go on sale soon, will accelerate the "Make in India" campaign.
Courtesy: India Today
As the government calls for the ban on Chinese products, Congress leader Rahul Gandhi slammed the Modi government on Twitter, claiming imports from China have increased under the BJP-led NDA regime. ÔÇ£Facts don't lie. BJP says: Make in India. BJP does: Buy from China,ÔÇØ he wrote. He also attached a graph showing how imports from China were 12 -13 percent under the Congress-led UPA government and now it is 17 -18 percent.