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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
Vedanta unveils ‘Saathi’ programme to fuel the MSME ecosystem
With this programme, the leading producer of metals and oil & gas is seeking partnerships with MSMEs to set up downstream and ancillary manufacturing units near its plants. Read more