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New DRDO Procurement Manual 2020 encourages participation of MSMEs, start-ups
The new DRDO Procurement Manual will facilitate the indigenous defence industry by simplifying the processes and ensure their participation in design and development activities.Read more
MSME Ministry writes to over 2800 corporates to clear MSME dues
The Ministry's vigorous follow up with CPSEs, state governments, corporates, etc brings in very good results. With CPSEs paying Rs 3,700 crore to MSMEs in Sept 2020; the highest in a month, takes total payment to Rs 13,400 crore in last 5 monthsRead more
The new normal in manufacturing sector
COVID 19 pandemic has profoundly changed the approach towards manufacturing. With hygiene and safety taking precedence, companies are looking to adopt collaborative robots (Cobots) and IIoT-based intelligent devices in production plants. So, will this be the new normal?Read more
Hindustan Zinc to build zinc smelter plant with zero liquid discharge in Gujarat
This greenfield 300 KTPA Zinc Smelter Plant at Doswada, GIDC, will be fully operational by 2022 with an investment of Rs 5000-Rs 10,000 crore in phases. Upon completion, this will be among the lowest cost smelters in the worldRead more
India cannot become $ 5 tn economy without MSMEs: Sanjeev Chawla
In this interview with Rakesh Rao, Sanjeev Chawla, Director, Office of Development Commissioner (DC) MSME, Ministry of MSME, discusses challenges faced by MSMEs and probable solutions. Read more
IPF Buyer-Seller Summit: Fulfilling Make in India goals
The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more
Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept
The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more
Energising power sector
Indian electrical & electronics industry has been going through a rough patch even before COVID 19 struck the country.Read more
Most popular metering pumps for chemical industry
While metering pumps are widely used in chemical plants, selecting the right pump for the given application can be a daunting task. To help the user find the right pump, Rakesh Rao has put together a list of some of the most popular metering pumps for chemical industry.Read more