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FICCI’s report on SMEs in India shows increase in tech adoption
The Federation of Indian Chambers of Commerce and Industry released its report on Small and Medium Enterprises (SMEs) in India in New Delhi. The report highlights how SMEs are adapting to the digital transformation, adopting sustainability practices and challenges.Read more
Leucine secures $7 mn for AI-Driven pharmaceutical manufacturing solutions
In a recent Series A funding round, Leucine, a B2B software-as-a-service start-up, has successfully secured $7 million in investments.Read more
Indian Patent Office boosts workforce to address surging Intellectual Property Applications
Indian patent office (IPO) will be hiring 900 more people with a view to enhance manpower for processing the increasing number of intellectual property applications, a top government official said.Read more
Kerala govt unveils incentives for MSMEs under Mission 1,000 initiative
As part of this initiative, the government has given the green light to the industries department's proposal, which includes a range of incentives to bolster the growth of 1,000 MSME units in the state.Read more
Govt delays new PLI Schemes, assessing effectiveness of exiting initiatives
Top government officials have received diverse feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister.Read more
India's Telecom sector achieves milestone: PLI investments surpass Rs 2,419 cr
This investment has led to the employment of 17,753 individuals. In October 2022, the government selected 42 companies that pledged a total investment of Rs 4,115 crore.Read more
ALP Overseas acquires SoffSeal International Inc
The company boasts an extensive range of weatherstripping products tailored for Chevrolet, Pontiac, Oldsmobile, Buick, Cadillac, GMC, Mopar, and Ford vehicles spanning from the 1920s to the early 2000s.Read more
Indian smartphone manufacturers struggle with PLI targets, call for scheme extension
While global giants like Foxconn, Wistron, and Samsung have contributed to the success of the PLI scheme, a senior executive from Lava emphasised the need for more time to establish local champions in the manufacturing industry.Read more
Indian Railways struggles with wheel supply, increasing reliance on Chinese imports
The domestic supplies from Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have not kept pace with the increasing requirements.Read more
G20 commits to boost MSME Sector: Eased regulations, access to capital
The New Delhi Declaration, adopted recently, recognises startups and Micro, Small, and Medium Enterprises (MSMEs) as natural drivers of growth, essential for driving innovation and employment.Read more