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PLI scheme to account for 13-15% capex in key sectors
Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.Read more
Govt selects 4 bidders for PLI scheme for ACC battery storage
The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more
3i EXPO Webinar: Industry 4.0 for Manufacturing Sustainably
The second panel discussion of 3i EXPO webinar series discussed ways to use Industry 4.0 and automation to reduce carbon footprint and achieve the Sustainable Development Goals.Read more
Schwing Stetter signs MoU with HPCL & Gulf Oil for lubricants
Schwing Stetter India, one of India’s largest manufacturers of concreting and construction equipment, has joined hands with Gulf Oil and HPCL to launch a range of genuine oils for construction equipment. Read more
Atmanirbhar Bharat Mission to bolster indigenous manufacturing
The adoption of new technology-based solutions is expected to bring the much-needed transformation in the manufacturing sector, thus making the sector a bigger participant in the development of Indian economy. The pandemic has turned the focus towards becoming self-reliant by emphasising on local manufacturing, which, according to Ashish Dhakan, will be the key to India’s survival; thus, giving a major boost to the Indian manufacturing sector.Read more
We will add power generation boilers in our product line
The demand for Radiant Thermal Engineers’ products is at an all-time high with generation and better distribution of energy becoming a matter of prime importance today. Here, Kamlesh Rathore and Sanjay Sharma, Directors of Radiant Thermal Engineers, provide insights into their company and the road ahead.Read more
Heavy machines are driving demand for industrial lubricants
The global market is segmented by product type — general industrial oil & grease, transmission and hydraulic fluid, metalworking fluid, gear oil, etc., as well as end user industry like heavy equipment, food and beverages, automotive, steel, and such. The global metal cutting, and machine tool accessories market is growing.Read more
Budget 2022 announces additional credit of Rs 2 trn for MSMEs
Budget 2022 announces additional credit of Rs 2 trn for MSMEs Credit will be available through revamped Credit Guarantee Trust for Micro and Small Enterprises Scheme (CGTMSE). The government will roll out “Raising and Accelerating MSME Performance†(RAMP) programme with outlay of Rs 60 billionRead more
Important tips for operating a forklift safely
Companies should be proactive in investing time and resources in staff training. Often, senior management is so target-driven that deadlines become all-important and health and safety tend to get overlooked, writes Hemant Sethi. Regular monitoring of safety compliance should be part of a line manager's job description.Read more
Gleason releases new LINE account in Japan
The global gear technology leader Gleason Corporation has released its new LINE account, designed to enhance communications with customers in Japan.Read more