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DGFT asks export bodies for inputs on efficacy of interest equalisation scheme
The study is to help the department assess the key gaps and make necessary recommendations to ensure seamless facilitation of trade finance in India.Read more
TFS launches ‘Make in India’ air quality monitoring system analysers
Designed to provide accurate data on air pollutants and gases, the AQMS analysers play a crucial role in monitoring and regulating industrial emissions, contributing to the government’s efforts in curbing air pollution.Read more
Skoda-VW hits 1.5 million production mark in India
In addition to its vehicle manufacturing success, SAVWIPL's Engine Shop produced over 380,000 engines to date in the last ten years. These engines rely heavily on components sourced within India.Read more
BHEL & BARC to build electrolyser system for hydrogen energy production
The technology for hydrogen production is developed indigenously by BHEL and has high local material content.Read more
Robotics firm DiFACTO raises Rs 400 million in funding from Stakeboat Capital
DiFACTO has three factories in Bengaluru, branches in Pune and Gurgaon, and a wholly-owned subsidiary in Michigan, USA. Read more
China imposes control on aviation & aerospace exports; national security concern
It said the export controls would apply to aircraft and aerospace engines and structural parts, engine manufacturing related equipment, software and technology. Read more
Section 43B(h): Boon turning into bane
India is home to the world’s biggest micro, small and medium enterprises (MSMEs) community (more than 60 million) who contribute around 29.7 per cent of the country’s GDP. Read more
Why MSMEs want a review of Section 43B(h)?
Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more
FDI inflow into domestic manufacturing sector expected to rise; MoF
As global economies aim to stabilise and grow, India's manufacturing sector stands to benefit from these developments, leveraging both domestic strengths and enhanced external support.Read more
Siemens to invest over Rs.10 billion to expand operations in India
The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more
