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Manufacturing Agenda for Modi 3.0

As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?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

India needs more domestic mobile phone manufacturers; ICEA chairman

Government policies have been instrumental in this growth, the unpredictability stemming from certain actions of enforcement agencies needs to be addressed.Read more

India's domestic manufacturing; catalyst for global influence & competition

Bilateral trade between India and China recorded significant growth. Read more

PM Modi inaugurates Boeing’s largest campus outside USA in Bengaluru, India

Prime Minister Modi advocates for building an aircraft manufacturing ecosystem in India during the inauguration of Boeing's new campus in Bengaluru, highlighting the nation's potential and government's support for the industry.Read more

Schunk wins Hermes Award 2024 at Hannover Messe 2024

A high-caliber jury chaired by Prof (Dr) Holger Hanselka, President of the Fraunhofer-Gesellschaft, selected Schunk's 2D Grasping Kit project for this year's award.Read more

IPF turns smart with SME

In 1972-73, the India's economy grew by about 2 per cent compared to previous year with industrial sector registering a growth of only 4.5 per cent while agriculture production declining by 1.7 per centRead more

Decoding the attempt of a liquidity boost to MSEs

Recently, certain amendments were introduced through the Finance Act 2023 (FA 2023) to enhance financial liquidity for Micro and Small Enterprises (MSE) by indirectly compelling their customers to pay their dues on time. This amendment comes up like a double-edged sword, opine Aishwarya Jaju and Rushabh Bhandari.Read more

Railway Minister Vaishnaw visits locomotive manufacturing unit in Gujarat

The Railways factory manufactured 1200 high horse power (9000 HP) electric locomotives over a period of 11 years. It would entail manufacturing of 1200 locomotives and maintenance of these locomotives for 35 yearsRead more

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