NOVEMBER 20268TOP STORIESGOVT PLANS 5 BN USD MOBILE PLI 2.0 TO BOOST EXPORTS GROWTHINDIA APPROVES RS 7,104 CR FOR ELECTRONICS COMPONENT MANUFACTURING UDAN SCHEME TO ADD 100 AIRPORTS TO BOOST REGIONAL CONNECTIVITY GOVT HOSTS PRE-BID MEET FOR RARE EARTH MAGNET SCHEME PUSHTOP STORIESVC manufacturing is gaining importance in India as Adani Enterprises advances its Rs 26,000 crore integrated production complex at Mundra, Gujarat. The project forms part of a larger investment cycle, with the company planning annual capital expenditure of Rs 35,000­40,000 crore over the next two years. The proposed facility will have an initial production capacity of 1 million tons per annum (MTPA), alongside related chemical and chlor-alkali operations.With around 60 percent of the project's construction and expenditure completed, the development raises questions about domestic production capacity, India's reliance on imported PVC and the potential for downstream industrial supply chains. Adani Enterprises, through its subsidiary Mundra Petrochemicals Limited, is developing an integrated PVC manufacturing complex with a planned initial capacity of 1 MTPA. Mercedes-Benz is looking to strengthen India's role in its global manufacturing and supply chain operations. The German luxury carmaker plans to expand local sourcing and deepen its manufacturing presence in the country. It also sees opportunities to use Indian suppliers and technology partners to support its international operations. Ola Kallenius, Chairman of the Board of Management of Mercedes-Benz Group, told that the company is on track to record its highest-ever annual sales in India, provided the current growth continues.Mercedes-Benz sold 15,190 vehicles in India between January and September 2026, marking an 8 percent year-over-year increase. The company also recorded its best-ever September quarter, with sales rising 6 percent to 5,422 vehicles. The carmaker has announced an additional investment of Rs 200 crore in India this year. This will take its cumulative investment in the country to Rs 3,200 crore, Kallenius said. While he did not share a detailed financial roadmap, he indicated that India's growing economy and rising wealth creation could support a larger manufacturing commitment in the future. Zinc manufacturing is set to gain a downstream boost as Hindustan Zinc signs 11 MoUs with industry partners to develop its proposed Zinc Industrial Park in Bhilwara, Rajasthan. The agreements cover manufacturing, engineering and industrial services across galvanising, die-casting, zinc alloys, zinc oxide and advanced zinc applications. Located near the company's Chanderiya, Dariba and Debari operations, the proposed park aims to connect metal production with value-added industrial activities.The development also comes amid rising domestic zinc consumption, creating opportunities for manufacturers to expand India's downstream processing capabilities and strengthen industrial supply chains. The proposed 111-acre park at Khankhala will be developed with support from the Rajasthan State Industrial Development and Investment Corporation (RIICO), which is responsible for infrastructure such as roads, water and electricity. Rare earth magnet manufacturing is gaining momentum in India as Coal India has sought zero production-linked incentives under the Centre's scheme for establishing domestic rare earth permanent magnet facilities. The state-owned coal producer is among the bidders seeking to manufacture sintered neodymium-iron-boron (NdFeB) magnets, which are essential for electric vehicles, wind turbines, electronics and defense equipment.Hyderabad-based IRP Infratech, in consortium with US-based BaRupOn, has also submitted a zero-incentive bid. Their bids come as the Ministry of Heavy Industries advances its Rs 7,280 crore program to establish 6,000 metric tons of annual domestic manufacturing capacity. The Ministry of Heavy Industries has opened financial bids under the rare earth permanent magnet manufacturing scheme. Coal India and the IRP Infratech­BaRupOn consortium have sought nil per-kilogram production incentives, unlike other bidders. ADANI'S RS 26,000 CR PVC MANUFACTURING PLANT IN MUNDRAMERCEDES-BENZ EYES INDIA AS A GLOBAL MANUFACTURING AND SOURCING HUBCAN HINDUSTAN ZINC'S 11 MOUS BOOST ZINC MANUFACTURING?COAL INDIA TARGETS RARE EARTH MAGNET MANUFACTURING WITHOUT SOPS
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