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Looking at India’s growing role in global manufacturing and its long-term impact

Control Engineering

The Indian government faces a general election next year and used its Union Budget for 2023 , unveiled in February, to demonstrate its support for manufacturing and economic growth, with measures including incentives for Li-ion battery production and electronics manufacturing. overall in terms of India’s total manufacturing output.

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Nomagic raises $44M to scale European picking robot deployments

Robotics Business Review

The company used this funding to help expand its capabilities from picking smaller consumer electronics and accessories to working with larger items such as bagged apparel and groceries. It achieved a 220% growth in contracted annual recurring revenue (ARR) in 2024 and has targeted another 200% increase in 2025.