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IEEMA expects measures to boost electrical equipment industry growth in budget

The apex association has recommended favourable tax structure to reduce manufacturing cost, zero basic customs duty on imports of CRGO Steel and amorphous alloy ribbon, etc.Read more

We expect more focus on renewable energy in budget 2019-20: Anil Gupta

Tax rebates, better rate of interests, etc will help India to achieve 175 GW capacity target in renewable energy by 2022, says Anil Gupta, CMD, KEI Industries LtdRead more

AAI recommends increase in import duty on aluminium

Due to lack of policy support, 23 lakh tonnes of aluminium (ie, 58% of India's demand) were imported in India in FY19, resulting in a forex outgo of Rs 38,000 croreRead more

Ador Welding will cross Rs 600 crore by 2020-21

Factors like increasing spend on infrastructure, railways undertaking modernisation projects, sales of automobiles rising, etc are like to lit up demand for welding machines and consumables.Read more

Will interim budget provide impetus to the economy

The interim budget was an attempt to please all sections of the society. While many initiatives were announced in line with the Government’s 10-point dynamic vision to build India of future, execution will be the key.Read more

Extending income tax exemption to MSMEs to be highly beneficial

The Government should introduce a long-term solution in the 2019 Budget that can save the credit-starved MSMEs from their dire state.Read more

“Govt schemes to generate Rs 60K cr business for E&E industry”

says Shreegopal Kabra, MD of R R Kabel Ltd, and President of IEEMA - an apex association representing electrical & electronics (E&E) industry. IRead more

Is budget 2018-19 a step in the right direction?

With emphasis on agriculture, MSMEs and rural area, the budget was on the expected lines. Rakesh Rao explores the impact of the budget on various sectors. In line with the Government’s long-term economic vision, the focus of this year’s budget, the last full budget of the current government, was clearly on rural development, housing, health, MSMEs (micro, small & medium enterprises) and infrastructure.Read more

Development of defence production corridors to boost indigenisation

The proposal of the Budget 2018-19 to develop two defence industrial production corridors is expected to promote indigenous manufacturing of defence equipment in the country. Read more

Change in classification norms for MSMEs to boost growth

The Cabinet’s decision to change the criteria for classification of micro, small, and medium enterprises (MSMEs) from ‘investment in plant and machinery’ to ‘annual turnover’ is likely to give a boost to SMEs sectorRead more

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