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Business Environment Set for Growth

The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more

Alstrut displays industrial cobots for automation at ACMEE 2021

Alstrut India showcased its products and solutions at ACMEE - an international machine tools exhibition that was held at the Chennai Trade Centre from December 9-13, 2021. Read more

Budget 2021's focus on economic revival to increase demand for automobiles

While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more

Welcome to IIEF 2021: The industry extravaganza

From January 1, 2021, nearly every major automobile company in India has announced a price hike due to an increase in various input costsRead 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

All industries today use compressed air: KS Natarajan

In this interview, KS Natarajan, Managing Director, Trident Pneumatics, speaks on the rising demand for medical oxygen plants due to Covid 19 pandemic, and how they are meeting this growing demand.Read more

MAHLE Group steers steady despite Covid 19 crisis

MAHLE recorded its largest volume of orders in the history of the Group. These orders ran into billions in the field of new technologies.Read more

Manufacturing and automobiles drive gear & bearing industry

As per Euromonitor International findings, Indian bearing, gear and driving elements industry grew by around 10 per cent in 2018 and is set to sustain strong growth over the upcoming years as well.Read more

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