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Govt expected to relax 45-day payment rule for MSMEs in upcoming Budget

MSMEs have raised concerns that this provision could lead large buyers to avoid MSME suppliers, opting instead for non-MSMEs or those not registered with Udyam. Read more

60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities

The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more

Component PLI top ask of electronic firms for upcoming Budget

The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.Read more

Beumer Group sets up Rs 2 billion production site in Reliance MET City

Laying of the foundation stone took place on 27 June 2024, with representatives of Beumer Group and Reliance MET City attending the ceremonyRead more

Hannover Messe 2024: Powering Sustainable Manufacturing

At Hannover Messe 2024, 4,000 exhibitors from all over the world presented their innovative, futuristic solutions to more than 130,000 visitors from 150 countries. The event offered a comprehensive picture of technologies that are crucial to drive the agenda of sustainable manufacturing, reports Rakesh RaoRead more

BPE installs 19 500kVA UPS systems at Foxconn's iPhone manufacturing plant

Expanding its global reach, BPE has recently supplied UPS systems to Singapore Airport, 120KVA to Grasshopper Singapore, 20 units of 200kVA to Indonesia's Power System Department, and various universities in Malaysia.Read more

Demand for warehouse automation boosts amid 'Make in India' push

Economic growth boosts demand for logistics in India, with 13.5 million sq ft leased in Jan-Mar 2024. Tier-I cities saw a 25% increase, Tier II and III cities 20%. Read more

VE Commercial Vehicles announces joint venture with iTriangle Infotech

The joint venture aims to strengthen VECV's surround-service portfolio for Eicher truck and bus customers, enhancing its ability to address the rapidly evolving people and logistics ecosystem in India and select export markets. Read more

India-Asean trade agreement review in July

The ministry disclosed that eight sub-committees have been formed to address various policy aspects of the agreement, with five already engaged in discussions.Read more

Hannover Messe 2024: Powerhouse for promising upswing

The next Hannover Messe trade fair will be hosted from March 31 to April 4, 2025 and Canada will be featured as the partner country.Read more

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