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Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022

The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more

Alstom begins production of trains for Delhi-Ghaziabad-Meerut RRTS

210 advanced modular regional commuter and transit train cars are getting manufactured at Alstom’s factory in Savli, Gujarat. The RRTS trains are 100% indigenously manufactured with over 80% localisation.Read more

Indian govt notifies second list of 108 defence equipment for indigenisation

The second list lays special focus on weapons/systems which are currently under development/trials and are likely to translate into firm orders in the future. In August 2020, the ‘First Positive Indigenisation’ List comprising 101 items was notified by the Union Ministry of DefenceRead more

Piyush Goel: Startups are new champions of Aatmanirbhar Bharat

The minister said that the government is ready to act as an ‘Enabler rather than Regulator’. Read more

Government mulls on making Scrap Recycling an organised sector

This framework is also seen to be prepared in the backdrop of the upcoming Vehicle Scrappage Policy for automobiles, which will ensure sufficient availability of domestic scrap in the countryRead more

Top 3 trends for Indian manufacturing sector in 2021

With India expected to be among the top three manufacturing destinations before 2025, Masatomo Nishizaki, BU Head – Smart Manufacturing, NEC Corporation India, predicts top three manufacturing trends to watch out for in 2021.Read more

Tyre maker TVS Srichakra to invest Rs 10 bn for expansion

The company will make this investment over a period of 3 years in its Madurai (Tamil Nadu) and Pantnagar (Uttarakhand) plants to increase 2 & 3 wheeler tyre capacity by 25-30 per cent and doubling its off-highway tyre capacity from current levels.Read more

PLI scheme for bulk drugs and medical devices receives 243 applications

Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more

FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth

Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

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