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Exporters seek government support amid global challenges

Exporters have appealed to the central government for support in ensuring affordable and readily available credit for Micro, Small, and Medium Enterprises (MSMEs) amid global challenges caused by a lack of liquidity.Read more

Indian govt targets 70% local it hardware production in 3 years

The government plans to curtail the import of parts and components from China, emphasising the importance of trusted sourcing and locations.Read more

Tamil Nadu drives India's electric vehicle revolution

According to data from the Ministry of Road Transport and Highways’ VAHAN Dashboard, a total of 1,044,600 EVs were registered in the country until September 20, 2023, out of which 414,802 were produced in Tamil Nadu.Read more

Global pollution control equipment market surges with regulatory push

Pollution tech market is soaring with eco-friendly innovations. Leading companies drive change for a cleaner planet.Read more

Exporters call for enhanced benefits and expansion of RoDTEP Scheme

The Federation of Indian Export Organisations (FIEO), representing exporters, highlights disparities in refund rates. For instance, while aluminum bars and rods receive a RoDTEP refund rate of 2.2%, their value-added counterparts only get 1.2%.Read more

Samsung receives Rs 500 cr incentives under PLI Scheme for increased production

The South Korean electronics manufacturer had submitted a claim under the PLI scheme for large-scale electronics manufacturing, which was introduced in 2020.Read more

Central govt commits to sustaining capital spending despite fiscal deficit concerns

The official emphasised that the Central government's objective is to encourage departments to accelerate capital expenditure (capex) in the current fiscal year to support economic growth.Read more

Skanda Aerospace launches cutting-edge aerospace gear facility in Hyderabad

This collaborative venture, involving Hyderabad-based aerospace and defence component manufacturer Raghu Vamsi Machine Tools and the US Company Rave Gears, has invested Rs 75 crore in its initial phase.Read more

Tiruchi MSME fabrication crisis demands urgent government intervention

Tiruchi, once renowned as a premier fabrication hub in South Asia, owed much of its reputation to the welding expertise cultivated through collaboration with BHEL.Read more

Olectra Greentech doubles electric bus production, eyes 9,000 orders

Olectra Greentech aims to broaden its product portfolio by venturing into the manufacturing of electric tippers.Read more

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