The cabinet approved the second phase of the production-linked incentive (PLI) scheme for IT hardware with a budgetary outlay of Rs 17,000 crore, more than doubling the incentives in the initial version of the plan aimed at attracting global companies like Dell, HP, Apple and Samsung to manufacture in India.

In a massive step towards boosting the manufacturing of indigenous drones in India, Garuda Aerospace and Naini Aerospace, a wholly owned subsidiary of HAL (Hindustan Aeronautics Limited), signed a joint development partnership deal. The joint partnership will enable Garuda to manufacture Advanced Precision Drones in India for various applications.

INOX Air Products, India's largest manufacturer of industrial and medical gases, plans to invest Rs 3,000 crore in ten sites nationwide by 2025 to meet the industry's growing demand across sectors, said its managing director Siddharth Jain.

Hon Hai Precision Industry has bought a 300 acre land for approximately Rs 300 crore in the Bengaluru rural district of Karnataka. The move comes as the Taiwanese electronics manufacturer looks to diversify production away from China. Foxconn is the biggest supplier of Apple iPhone parts.

Global power technology major Cummins Inc has signed a definitive agreement with Tata Motors to manufacture a range of low-to zero-emissions technology products in India over the next few years.

Etrio, a tech-driven leading EV manufacturer, has announced the opening of its newest dealership in Coimbatore, appointing Egreen Planet Solutions as its retailer.

Pou Chen to invest Rs 2,302 crore to set up a manufacturing facility in Tamil Nadu. The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland manufactured and globally shipped over 272 million pairs of shoes in 2022.

Cleantech Solar is pleased to announce the signing of 25 MW of wind projects for global industrial manufacturers at its upcoming wind parks in Maharashtra and Tamil Nadu.

India is expected to add 15.5 gigawatt (GW) of new utility-scale solar capacity in the financial year 2023-24 (FY24), given that the Approved List of Module Manufacturers (ALMM) is deferred till March 2024. It said that an additional 2.5 GW to 3 GW is estimated to be added in the rooftop solar segment in FY24.