The Centre plans to offer a concessional corporate tax rate for new manufacturing units in Budget 2025-26 to boost investments and industrial growth.
The Union Cabinet has approved the Aircraft Leasing Bill to make India a global hub for aircraft leasing and financing, reducing reliance on foreign lessors.
In a significant move to bolster the Indian Navy’s anti-submarine warfare (ASW) capabilities, the United States has announced plans to manufacture sonobuoys in India. This initiative aligns with India’s ‘Make in India’ campaign and reflects the deepening defense collaboration between the two nations. Enhancing Anti-Submarine Warfare Sonobuoys are
Russian President Vladimir Putin lauded Prime Minister Narendra Modi’s leadership and policies, particularly the ‘Make in India’ initiative, during his address at the 15th VTB Russia Calling Investment Forum in Moscow. Putin announced plans for Russia to establish manufacturing plants across India, aligning with New Delhi’s push for self-reliance and global
For the first time, top electronics companies in India have witnessed a decline in imports, driven by the increasing adoption of local manufacturing under the government’s ‘Make in India’ initiative. Leading brands, including Samsung, Xiaomi, and Apple, are reducing their dependency on imports, sourcing more components and assembling devices within the country.
