New Delhi, April 2 (IANS) The domestic automotive metal forming market of India is projected to nearly double to $90-95 billion by FY30, growing at around 12 per cent annually, as global supply chain realignments drive value concentration toward process-led manufacturers, a report has said.As per Avendus Capital analysis, India’s auto component industry — casting, forging, stamping and machining — crossed $80 billion in size in FY25 and turned a net exporter during the year, with exports reach…
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New Delhi, Feb 27 (IANS) AI skills have overtaken traditional engineering and IT capabilities for the first time to become the most difficult skills for employers to find, a report showed on Friday.Over eight out of 10 employers or 82 per cent of employers cited in India reported difficulty finding skilled talent in 2026, according to the report from ManpowerGroup.AI literacy and AI model development emerge among the hardest skills to find, the report said, adding that talent pressure has increa…
New Delhi, Feb 13 (IANS) India’s share in global electronics demand has expanded at a rapid compound annual growth rate (CAGR) of 17.2 per cent, significantly outpacing global growth of 4.4 per cent between 2015 and 2024, driven primarily by the sharp rise in mobile phone exports, according to NITI Aayog’s Trade Watch Quarterly report for July-September 2025-26, launched on Friday.Between 2016 and 2024, electronics exports increased nearly five-fold, reaching USD 42.1 billion. With global elec…
New Delhi, Feb 10 (IANS) The Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra on Tuesday said that innovation in the automotive industry must be done within the boundaries of privacy and security for the customers’ data.In electric vehicles – and even in the traditional ICE (Internal Combustion Engine) vehicles – a lot of data flows from the customer to multiple stakeholders in the ecosystem.“These may be the video feed coming from your dashcam, phone numbers …
New Delhi, Feb 8 (IANS) The interim US trade deal framework supports India’s broader goal of crossing $120 billion in engineering exports in FY2025‑26, according to the industry.Moreover, according to the Engineering Export Promotion Council of India (EEPC), the tariff reduction also strengthens India’s journey toward the target of achieving $250 billion in engineering exports by 2030, “especially as better access to the US market is a key to reaching that milestone”.“The US being th…
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
New Delhi, Jan 30 (IANS) Prime Minister Narendra Modi on Friday highlighted that the historic India-EU free trade agreement fully aligns with the vision of making India a developed country.The Prime Minister referred to an article written by Commerce Minister Piyush Goyal stating that “the government has delivered a transformative agreement that expands markets, creates jobs and protects India’s core interests”.In the article, Goyal has stated that the India–EU free trade agreement is a hist…
New Delhi, Jan 29 (IANS) India’s industrial sector continues to display strong momentum despite an evolving and challenging global environment, supported by reforms in infrastructure, logistics, ease of doing business and innovation systems, the Economic Survey 2025-26 said on Thursday.The Survey points to the vital aspect of the next phase of industrialisation that will require a calibrated shift from a model centred mainly on import substitution towards one focused on scale, competitiveness,…
New Delhi, Jan 27 (IANS) Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday said the government’s multi-year, ecosystem-driven approach to semiconductor development is delivering tangible results.He said that India steadily moves towards building a strong and self-reliant chip design and manufacturing ecosystem.Speaking after interacting with semiconductor chip design companies approved under the Design Linked Incentive (DLI) Scheme of the Semicon India Progr…
New Delhi, Jan 27 (IANS) The unprecedented preferential access secured for over 99 per cent of Indian exports is a game-changer for Indian industry, the Confederation of Indian Industry (CII) said on Tuesday.With the India-EU deal, Rs 6.41 lakh crore ($75 billion) worth exports are poised for take-off, with $33 billion of exports in labour-intensive sectors like textiles, leather, marine products, gems and jewellery are set to gain immensely from preferential access under the FTA.According to Ch…