Business Industry

Honeywell Unveils First ‘Made in India’ CCTV Series

By BPN News Desk June 6, 2025

Honeywell, a global leader in building technologies and automation, has officially launched the 50 Series CCTV Camera portfolio, its first-ever camera line designed and manufactured entirely in India. This strategic initiative aligns closely with the Indian government’s Atmanirbhar Bharat (Self-Reliant India) mission, positioning Honeywell as a committed contributor to

Industry

India Halves Import Duty on Crude Edible Oils to Curb Inflation

By BPN News Desk June 5, 2025

In a major policy move aimed at controlling food inflation and supporting the domestic edible oil industry, the Indian government has slashed the basic customs duty on crude palm oil, soybean oil, and sunflower oil from 20% to 10%. With additional cesses and surcharges included, the effective duty now stands reduced from 27.5% to 16.5%. […]

Business Industry

India’s Chip Sector Grows with $21B Investment Pipeline

By BPN News Desk June 4, 2025

India’s semiconductor manufacturing ambitions are finally materializing, with over $21 billion already committed to establishing a solid foundation in Assembly, Testing, Marking, and Packaging (ATMP) and Outsourced Semiconductor Assembly and Test (OSAT) segments. The focus is clear: to secure India’s place in the global chip supply chain while reducing import dependence.

Business Industry

Chinese Smartphone Firms Ramp Up Indian Manufacturing

By BPN News Desk June 4, 2025

Chinese smartphone brands operating in India are rapidly increasing local production by partnering with Indian contract manufacturers such as Dixon Technologies and Bhagwati Products (Micromax). This strategic realignment comes amid growing regulatory scrutiny and a quiet push by the Indian government to localize more value addition. Although these Chinese brands already

Business Industry

Reliance Infra Eyes ₹3,000 Cr in Defence Exports by FY27

By BPN News Desk June 2, 2025

Reliance Infrastructure Ltd has set an ambitious target of achieving ₹3,000 crore in defence exports within the next two years, marking a major expansion into global defence supply chains. The company, part of the Anil Ambani-led Reliance Group, is betting big on large-calibre artillery ammunition and integrated explosives manufacturing to become one of India’s top […]

Business Industry

India’s iPhone Production Lags 10x Behind China’s Growth Pace

By BPN News Desk June 2, 2025

India’s ambition to become a global iPhone manufacturing hub is advancing steadily but at a pace far behind China’s historical trajectory. Current data reveals that India is building iPhones nearly ten times slower than China did during its corresponding growth period, raising key questions about infrastructure readiness and strategic planning. India’s Production

Business Industry

India to Launch First Indigenous Semiconductor Chip in 2025

By BPN News Desk June 2, 2025

India is set to unveil its first fully indigenous semiconductor chip by late 2025, marking a historic milestone in the country’s quest for technological self-reliance. The chip, based on 28–90 nanometre (nm) technology, will cater to a wide range of applications, including telecommunications, automobiles, railway electronics, and industrial systems. India

Business Industry

ATR Eyes India for Aircraft Manufacturing Expansion

By BPN News Desk June 2, 2025

ATR, the Franco-Italian turboprop aircraft manufacturer, is exploring the possibility of establishing a manufacturing facility in India. Jean-Pierre Clercin, Head of Commercial for Asia Pacific at ATR, said, “Nothing is off the table, if it makes business and industrial sense.” The company currently manufactures its aircraft in Toulouse, France, and Naples,

Business Industry

Hyundai Targets 8% Export Growth, Eyes Chennai as Global Hub

By BPN News Desk June 1, 2025

Hyundai Motor India Ltd (HMIL) has announced its target to achieve 8% growth in exports in 2025. The South Korean automotive giant is aiming to build on the strong foundation it has established in India, with a renewed focus on expanding its overseas shipments from the country. This push comes as part of Hyundai’s broader […]

Business Industry

Trump Announces 50% Tariffs on Foreign Steel, Sparks Global Jitters

By BPN News Desk June 1, 2025

In a move that could reshape the global steel trade landscape, U.S. President Donald Trump has announced a significant hike in import duties on foreign steel and aluminum, raising them from 25% to 50%. The new tariffs, effective from June 4, 2025, are aimed at protecting the domestic steel industry and preventing foreign nations from […]