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Delay in notifying RoDTEP's remission rates hurting Indian aluminium exporters

The situation for exporters further aggravates with withdrawal of MEIS and till date the exporters are unable to avail the MEIS benefit for exports already made during FY-20 and FY-21 (Apr-Dec) due to blocking of online MEIS module for applying claims, said Aluminium Association of India.Read more

Time to invest and build capacity

As per the data released recently, the manufacturing and construction sectors grew by 1.6 per cent and 7.7 per cent, respectively, during the December quarter. However, core sector data showed growth in eight infrastructure sectors slowing down to 0.1 per cent in January from 0.2 per cent in the previous month.Read more

Need for precision engineering is driving the bearings market: Surendra Choraria

In this exclusive interview with Industrial Products Finder (IPF), Surendra Choraria, Director, Premier India Bearings Ltd tracks the developments in bearings industry and explains how Premier Bearings is helping its customers to increase their productivity.Read more

Will Rs 3.05 trn investment change the fortunes of power equipment makers?

The government has announced to invest Rs 3.05 trillion in power distribution sector to achieve the ambitious targets for its electricity sector and propel demand for power equipment. However, the crippled power transmission & distribution (T&D) sector could play a spoilsport? Read more

Yokogawa and Hirotsu Bio Science ink investment & partnership pact

The two companies are also aiming to develop new automatic analysis equipment.Read more

Chicago Pneumatic India launches two permanent magnet motor compressors

These compressed air solutions - launched under CPMV & CPVS range - can be used in industry segments such as general engineering, manufacturing, grain sorter, pharmaceutical, steel, etc where pneumatic and screw compressor applications come into playRead more

Budget 2021's focus on economic revival to increase demand for automobiles

While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more

Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs

By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more

Budget 2021 needs to take steps to improve skilling in India: Sumit Kumar

According to Sumit Kumar, Vice President – NETAP, TeamLease, budget 2021 needs to focus on fast tracking NEP implementation, introduction of National Apprenticeship Promotion Scheme (NAPS) 2.0 and easing of license raj to achieve the ambition of 50 per cent GER by 2035Read more

Raise basic custom duty on aluminum scrap to curb imports: Industry

As part of its Budget 2021 suggestions, the Indian aluminium industry has sought Government intervention to curb imports by raising the basic custom duty on primary aluminum and scrap imports to 10 per cent from current 7.5 per cent and 2.5 per cent respectively.Read more

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