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Stainless steel industry seeks to reduce import duty on key raw materials
This move is expected to catalyse Make in India and also will spur the domestic market. Read more
Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports
Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more
Government reduces burden on companies with relaxations
Anurag Singh Thakur, Union Minister of State, Finance & Corporate Affairs, stated this in a written response to the Lok Sabha recently.Read more
Ramp up R&D to reduce auto component imports: Amitabh Kant
Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more
EMAG's VL 1 TWIN turning machine reduces unit cost for bevel gears
Twin-spindle pick-up turning machine - VL 1 TWIN - simultaneously machines two identical bevel gears at high speed within the same machining area. A robot cell and swivel table can easily load this machine. All this brings the cycle time down to 4.5 seconds.Read more
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impact
Govt’s relief measures focuses on MSMEs to reduce COVID 19 impactRead more
RBI takes steps to reduce COVID 19 stress on financial system
RBI has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effectRead more
Coronavirus disrupts forging and auto component industries in India
The association also observed that the commercial, passenger and the two wheeler segments will be severely affected.Read more
Elgi Equipments’ heat recovery system enables up to 96% wasted energy reuse
Heat Recovery System (HRS) is best suited for process industries like paper, sugar, food and beverages, dairy, textiles etc, mainly companies who require compressed air and use hot water for their process requirementsRead more
Govt reduces corporate tax to 22% and 15% for new manufacturing firms
Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more
