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PLI scheme helps auto part makers ride the EV boom

A slew of policy measures - PLI schemes (for auto OEM & auto component), extension FAME 2, etc - in the recent past will create more opportunities in electric vehicle space. Auto component players seem to be all geared up for a new paradigm in the market, says Rakesh Rao.Read more

India’s growing economy gets budget’s booster dose

The budget has laid down a blue print for achieving the objective of Atmanirbhar Bharat and sustainable development in the future. However, it will be important to look at the execution, on which the success of all the policy announcements will depend.Read more

Budget 2022 - Govt's Rs 7.5 lakh cr capex to augment machine tools demand: V Anbu

Budget 2022 is a booster shot for Indian manufacturing and ease of doing business, says V Anbu, Director General & CEO, IMTMA, who reflects on how the budget fares for the Indian machine tool industry.Read more

New govt incentives to boost semiconductor manufacturing

The proposed incentives are worth Rs 760 billion over the next six years and provides 25% incentives on capital expenditure for establishing unit of Compound Semiconductor Wafer Fabrication (FAB), assembly, testing, and packaging facility in the country.Read more

IEEMA welcomes PLI scheme for semiconductors, big boost for electronics industry

This is a huge positive step for the Indian electrical & electronics industry and will enable global competitiveness of Indian industry to ramp-up exports of finished products, said Vipul Ray, President, Indian Electrical & Electronics Manufacturer’s Association (IEEMA)Read more

HPL Electric's revenue grows 23% YoY in Q2 FY22; order book stands at Rs 859 cr

The Metering business revenue grew by 22% YoY to Rs 114 crores in Q2 FY22. The Consumer segment revenue surged by 20% YoY to Rs 175 crores owing to festive season demand and pick-up in economic activities in Q2 FY22. Read more

Optimising boiler operations to boost efficiency

Although a boiler’s efficiency is primarily a result of its design, the operator can maintain or significantly improve efficiency by controlling losses to the stack and losses to the ash pit.Read more

Ravi Singh: Boost in employment is on cards in power sector

In the exclusive interview Ravi P Singh, Chief Executive Officer, Power Sector Skill Council (PSSC), explains the impact of Covid 19 pandemic on the skilling process and how PSSC is helping the power sector industry in upskilling.Read more

Grundfos launches SCALA1 to transform domestic water boosting in India

SCALA1 is an all-in-one pressure booster with a high-efficiency motor and hydraulics with low noise operation. The easy to install energy-efficient solution addresses pressure-boosting challenges at home.Read more

FIEO lauds export performance starting the new fiscal

Sharad Kumar Saraf, President of FIEO reiterated that the government must look into the key issues such as announcing new FTP after September 2021, release of the necessary funds for RoDTEP & MEIS and clarity on SEIS benefits, softening of freight charges, resolving risky exporters' issues and continuance of seamless refund of IGST.Read more

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