India's global standing on manufacturing up: Minister Piyush Goyal
Goyal underlined India's improved global reputation for quality manufacturing, especially in sectors like electronics, pharmaceuticals, textiles, and defence, while highlighting the Centre's efforts towards strengthening the country's startup and innovation ecosystem. He highlighted the government's launch of the Rs 10,000-crore Fund of Funds for Startups (FFS) and the Rs 1-lakh crore R&D and Innovation (RDI) Scheme, which aims to provide long-term, low-cost capital to private R&D through a dedicated SPV.
Minister for Large and Medium Industries MB Patil said that of the Rs 5.56 lakh crore worth of investment commitments made in the manufacturing sector during Invest Karnataka-2025 Global Investors Meet (GIM), Rs 3.4 lakh crore — around 62%, has already translated into formal project applications.
'This shows our post-MoU follow-up has been effective. Companies like Krones, Safran, TASL, and others have filed proposals, and many have begun groundwork,' he said.
The event was organised by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, and Confederation of Indian Industry, had over 100 key stakeholders participating, and focused on innovation-led growth, India's rising global competitiveness, and the progress of investments in the state.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
12 minutes ago
- Hans India
Stock market trades higher ahead of India-US trade deal
Mumbai: The domestic benchmark indices were trading marginally up on Tuesday in the early trade, after the US President Donald Trump announced that 'we are close to a deal with India'. At around 9.30 am, Sensex was trading 91.57 points or 0.11 per cent up at 83,534.07 while the Nifty added 22.25 points or 0.09 per cent at 25,483.55. Buying was seen in the IT, PSU bank and financial service sectors. According to analysts, the announcement of unilateral tariffs on 14 countries and the exclusion of India from the list indicate that a trade deal between India and US will be announced soon. "This has already been largely discounted by the market; the unknown areas are the details of possible sectoral tariffs on segments like pharmaceuticals. Market reaction will depend on these details," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. In the last trading session, the Nifty ended slightly higher, forming a green candlestick that followed a bullish hammer pattern from the previous session, said experts. "A sustained move above the 25,500 mark could pave the way for a further rally towards 25,750. On the downside, immediate support levels are seen at 25,222 and 25,120, which may serve as potential entry points for long positions," said Mandar Bhojane Technical Analyst of Choice Broking Nifty Bank was up 203 points or 0.36 per cent at 57,152.20 in early trade. The Nifty Midcap 100 index was trading at 59,606.75 after adding 91 points or 0.15 per cent. Nifty Smallcap 100 index was at 19,035.85 after adding 85.70 points or 0.45 per cent. Meanwhile, in the Sensex pack, Kotak Mahindra Bank, Eternal, Tata Motors, BEL, Adani Ports, NTPC, Asian Paints and UltraTech Cement were the top gainers. Whereas, Titan, HCL Tech, Bharti Airtel, M&M and Sun Pharma were the top losers. On the institutional front, foreign institutional investors (FIIs) purchased equities worth Rs 321.16 crore on July 7. Domestic institutional investors (DIIs) also bought equities worth Rs 1,853.39 crore on the same day. In the Asian markets, Seoul, Hong Kong , Japan, China and Jakarta were trading in green, whereas only Bangkok was trading in red. In the last trading session, Dow Jones in the US closed at 44,406.36, down 422.17 points, or 0.94 per cent. The S&P 500 ended with a loss of 49.37 points, or 0.79 per cent at 6,229.98 and the Nasdaq closed at 20,412.52, down 188.59 points, or 0.92 per cent.
Hans India
12 minutes ago
- Hans India
Adani Power completes 600 MW Vidarbha Power acquisition, operating capacity reaches 18,150 MW
Ahmedabad: Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore. With this acquisition, Adani Power takes its operating capacity to 18,150 MW, cementing its position as India's largest private base load power generation company with 30,670 MW of operational capacity by 2030. 'The acquisition of VIPL is a key milestone in Adani Power's strategy to unlock value through the turnaround of stressed assets. As we continue expanding our portfolio, we remain committed to supporting India's vision of 'Electricity for All' by delivering reliable, affordable base-load power that fuels the country's sustainable growth,' said SB Khyalia, Chief Executive Officer, Adani Power Ltd. VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori in Nagpur district. VIPL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power's resolution plan. Subsequently, the plan was successfully implemented on July 7, 2025. Adani Power said it is further undertaking the expansion of its base load power generation portfolio through a mix of brownfield and greenfield projects. It is currently constructing six brownfield Ultra-supercritical power plants (USCTPP) of 1,600 MW each at its existing locations at Singrauli-Mahan in Madhya Pradesh, Raipur, Raigarh, and Korba in Chhattisgarh, and Kawai in Rajasthan, in addition to a 1,600 MW greenfield USCTPP at Mirzapur, Uttar Pradesh. Apart from this, it is also reviving the construction of a 1,320 MW Supercritical power plant at Korba that it has acquired previously. Adani Power, part of the Adani portfolio, has an installed capacity of 18,150 MW across thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu. It also operates a 40 MW solar power plant in Gujarat.
Economic Times
17 minutes ago
- Economic Times
P N Gadgil Jewellers shares in focus after Q1 revenue rises 2.8% YoY; retail segment up 19.4%
P N Gadgil Jewellers shares: The company reported a 2.8% YoY rise in total revenue for the first quarter of FY26. P N Gadgil Jewellers shares: The retail segment, accounting for more than 70% of the company's total revenue, grew by 19.4% year-on-year. Additionally, the company achieved its highest-ever single-day festive sales on Akshaya Tritiya, generating ₹139.53 crore—a 35.1% increase compared to the same occasion last year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads P N Gadgil share price target Shares of P N Gadgil Jewellers will be in focus on Tuesday after the company reported a 2.8% year-on-year (YoY) increase in total revenue to Rs 1,714 crore for the first quarter of FY26, up from Rs 1,668 crore in the same period last year, according to its exchange the discontinued refinery segment, revenue grew 30.4% retail segment, which contributes over 70% of total revenue, grew 19.4% YoY. The company also recorded its highest-ever single-day festive sales on Akshaya Tritiya, generating Rs 139.53 crore, a 35.1% jump compared to the previous operations surged 109% YoY, contributing 15.7% to revenue, while e-commerce sales more than doubled, growing 126% YoY. The share of studded jewellery also rose sharply by 41.6%, lifting the stud ratio to 10% of retail company launched a new sub-brand 'Litestyle', targeting the lightweight jewellery segment, and added two new stores during the quarter, taking the total store count to ahead, P N Gadgil plans to open 7–9 new stores in Q2FY26 and aims to launch 20–25 outlets in FY26 across key markets such as Maharashtra, Uttar Pradesh, and Madhya to Trendlyne, the average target price for P N Gadgil is Rs 825, implying a potential upside of nearly 35% from current levels. The sole analyst covering the stock maintains a 'Strong Buy' stock has gained 20% in the past three months, though it is down 9% year-to-date. The company's market capitalisation stands at Rs 8,274 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
