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France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM

With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more

MSME Minister unveils 3 innovative schemes within existing RAMP program

The first sub-scheme, MSE GIFT Scheme, second sub-scheme is MSE SPICE Scheme, and third sub-scheme, MSE Scheme on Online Dispute Resolution for Delayed Payments.Read more

Mahindra Logistics launches services on ONDC network

Mahindra Logistics will provide same-day and next-day intra-city pick-up and delivery services to all sellers on ONDC.Read more

Continental ramps up manufacturing in India for connected vehicle technologies

Germany’s Continental expands local production capacities for connectivity and body electronics in tune with growing demand in the country, paving the way for future growth. It is also incorporating smart manufacturing practices to achieve superior production standards while leveraging its skilled workforce.Read more

Toyota Kirloskar invests Rs.48 bn in Karnataka to ramp up manufacturing

Toyota aims to enhance electrification & shift towards greener technologies.Read more

Toyota Kirloskar to invest Rs 48 bn in Karnataka to ramp up manufacturing

Toyota Group Signs MoU with Government of Karnataka for Big InvestmentsRead more

Atmanirbhar Bharat: Ramping up the scale of manufacturing

During the pandemic, indigenous manufacturing emerged as the most ideal resort to ensure seamless functioning of the industry. Producing high-quality competitive products can be a gateway for expanding the indigenous business globally, says Deepak Pahwa.Read more

Budget 2022 announces additional credit of Rs 2 trn for MSMEs

Budget 2022 announces additional credit of Rs 2 trn for MSMEs Credit will be available through revamped Credit Guarantee Trust for Micro and Small Enterprises Scheme (CGTMSE). The government will roll out “Raising and Accelerating MSME Performance” (RAMP) programme with outlay of Rs 60 billionRead more

Best Power Equipments (BPE) to ramp up its presence in Southern market

This expansion aims to cater to southern India region for increase in demand due to growth in IT enables services across varied sectors.Read more

World Bank approves $500 million RAMP Program for MSME sector in India

The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more

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