AGP Executive Report
Last update: 11 hours agoMobile Manufacturing Policy: India notified a ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS) for FY2026-27 to FY2030-31, with production-linked incentives (2.25%–5%) and extra support for Indian brands, design, R&D, and domestic sourcing—aiming for ₹39 lakh crore output and 60,000 direct jobs. Space Industrial Shift: ISRO says it will stop making launch vehicles and routine satellites, moving mature rocket production to private firms/PSUs while refocusing on R&D and advanced missions. EV Funding: Omega Seiki Mobility secured an additional ₹50 crore to expand manufacturing capacity, R&D, and its dealer/service network. Regulatory Clampdowns: India restricted fixed-dose combinations of chlorpheniramine maleate + phenylephrine hydrochloride for children under four, requiring prominent “not for below four” warnings; Karnataka also banned analogue/non-dairy paneer sold as “paneer” for a year. Enforcement & Compliance: Hyderabad CGST busted clandestine pan masala units in a Rs 160 crore tax evasion case. Semiconductors Watch: TSMC completed verification of its 1.6nm A16 process, targeting volume manufacturing in late 2026 for AI/data-center chips. Global Manufacturing Pulse: Eurozone manufacturing PMI hit a four-year high as new orders and exports returned to growth.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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