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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
Vedanta’s ‘waste to wealth’ projects boost local MSMEs in Odisha & Chhattisgarh
The company supports over a hundred brick manufacturing MSMEs situated around and beyond its areas of operations with fly ash free of cost to their doorsteps, amounting to nearly 5 lakh metric tonnes per annum.Read more
Government implements major reforms to boost domestic manufacturing
These reforms are aimed at enhancing exports.Read more
Budget 2021 to boost public transport; Railways to spend Rs 1.07 trn in capex
The government plans to deploy two new technologies i.e. MetroLite and MetroNeo to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities. Read more
Proposed Indian Ports Bill, 2020 aims to attract investments and boost economic activity
Formulation of specialised tribunals, affordable grievance redressal mechanism and a dedicated tribunal to curb any anti-competitive practises in the port sector are some key reforms to empower exporters in the long run. Read more
L&T delivers critical part of rocket booster S-200 for ISRO’s Gaganyaan Mission
Larsen & Toubro (L&T) has delivered the first hardware, a booster segment, for Gaganyaan Launch Vehicle to Indian Space Research Organisation (ISRO). The critical booster segment was produced at L&T’s Powai Aerospace Manufacturing Facility.Read 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
Extend PLI scheme to MSMEs to boost electronic manufacturing in India: Study
According to a research study of MVIRDC World Trade Center Mumbai, government should reduce the investment limit under the PLI scheme for select electronic components to Rs 200 million from Rs 1,000 million to allow MSMEs to participate in this scheme. Read more