Industry

Prime Minister Modi Emphasizes Domestic Value Addition in Manufacturing

By BPN News Desk January 28, 2025

Prime Minister Narendra Modi has expressed a firm stance against the longstanding practice of exporting raw materials from India only to import them back as finished products. He advocates for enhancing value addition within the country to bolster economic growth and self-reliance. Addressing a gathering of industry leaders and policymakers, Modi highlighted the economic

Defence

Indian Army to Finalize ₹10,200 Crore Deal for Pinaka Rockets

By BPN News Desk January 20, 2025

The Indian Army is set to finalize contracts worth ₹10,200 crore for acquiring indigenous Pinaka multi-barrel rocket launcher systems and their ammunition. This initiative aims to strengthen the Army’s artillery capabilities while reducing dependence on foreign imports. The contracts include two major components. The first, valued at ₹5,700 crore, focuses on

Finance

Govt May Introduce Concessional Corporate Tax for New Manufacturing in Budget 2025-26

By BPN News Desk January 17, 2025

The Centre plans to offer a concessional corporate tax rate for new manufacturing units in Budget 2025-26 to boost investments and industrial growth.

Government Policies

Cabinet Approves Aircraft Leasing Bill to Boost Indian Aviation

By BPN News Desk January 16, 2025

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.

Defence

US to Manufacture Sonobuoys in India, Enhancing Indian Navy’s Submarine Detection Capabilities

By BPN News Desk January 9, 2025

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

International

Putin Praises PM Modi, Commits to ‘Make in India’ Initiative

By BPN News Desk December 6, 2024

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

Business

Local Production Boosts Top Electronics Firms as Imports Drop

By BPN News Desk November 16, 2024

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.