As of March 27, 2025, here’s a roundup of the latest industrial news in India based on available information:
- Wipro’s Major Deal: Wipro a leading Indian IT services company, has secured a significant 10-year strategic contract worth approximately ₹5,500 crore (around $650 million) with the British insurer Phoenix Group. This deal highlights the growing global demand for Indian tech expertise and strengthens Wipro’s position in the international market.
- JSW Infrastructure Acquisition: JSW Infrastructure has finalized a business transfer agreement to acquire a slurry pipeline business from its subsidiary, JSW Utkal Steel, for ₹1,617 crore. This move is aimed at enhancing its logistics and industrial infrastructure capabilities, reflecting a trend of consolidation and expansion in India’s industrial sector.
- Manufacturing and Trade Developments: India is positioning itself to benefit from shifting global trade dynamics, particularly with the incoming Trump administration’s tariff policies targeting China. Reports suggest India hopes to attract more manufacturing as these policies make China a costlier production base. However, a $23 billion Production-Linked Incentive (PLI) scheme, launched four years ago to boost domestic manufacturing and rival China, is set to lapse due to underwhelming results, prompting the government to consider new strategies for faster investment recovery.
- Energy and Resources: India’s energy sector continues to evolve, with Reliance Industries and Saudi Aramco reportedly competing for control of Nayara Energy, indicating intense industrial competition in the oil and gas space. Additionally, ONGC is planning to import ethane from 2028 as part of changes to its LNG contract with Qatar, signaling long-term adjustments in energy supply chains.
- Industrial Investments: Earlier this month, Hindalco Industries announced a massive ₹45,000 crore investment in engineered products under a new brand identity, “Engineering Better Futures,” focusing on innovation in the metals sector. Similarly, Haldia Petrochemicals revealed plans for an ₹8,500 crore investment in polycarbonate production in Haldia, a material critical for the automotive industry and not currently produced in India.
- Policy and Trade Adjustments: India recently reduced import duties on parts for electric vehicle (EV) batteries and mobile phones, aiming to bolster domestic manufacturing in these high-growth sectors. Meanwhile, the government imposed anti-dumping duties on five Chinese goods to protect local industries, reflecting a balanced approach to fostering industrial growth while managing international trade pressures.
These developments showcase India’s ongoing efforts to strengthen its industrial base, capitalize on global opportunities, and address domestic manufacturing challenges as of today, March 27, 2025.