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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

Blue Star wins Rs 1.28 billion order from Taiwan’s electronic firm Wistron

Wistron Infocomm, which has been producing electronic devices at its existing factory at Kolar (Bengaluru), has embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building.Read more

Government extends Emergency Line Credit Guarantee till Nov 30

The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme.Read more

2nd IPF Buyer-Seller Summit: Making MSMEs Aatmanirbhar

The 2nd Virtual Buyer-Seller Summit- saw participations from Office of Development Commissioner MSME (Ministry of MSME), NTPC Ltd, L&T Power, Rashtriya Ispat Nigam Ltd (Vizag Steel) and Nordex - educated vendors on approaching large companies to help MSME become regular suppliers, thereby improving efficiency of manufacturingRead more

Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports

Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more

Ramp up R&D to reduce auto component imports: Amitabh Kant

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more

Coal India to spend Rs 1.22 lakh cr on 500 projects by 2023-24: Pralhad Joshi

CIL has identified 15 greenfield projects for investment of Rs 34,600 crores. The company to invest Rs 14,200 crores for 49 First Mile Connectivity projectsRead more

MoD inks Rs 2,580-cr contract with BEML, Tata Power and L&T for Pinaka missile systems

These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS) and 45 command posts to be procured from Tata Power and L&T and 330 vehicles to be procured from Bharat Earth Movers Ltd (BEML)Read more

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