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Igus’ tribo polymer plain bearings improve lifetime in heavy duty application

With the range of maintenance-free, lubrication-free, tribo polymer plain bearings, igus can offer solution to heavy duty applications without need of greasing. These bearings offer high wear resistance at high loads.Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

Igus sees opportunity coming from all segments in India

India is growing fast and with more and more industries adopting automation, the demand for moving parts is set to rise exponentially. With its core capabilities motion plastics, Igus will drive Indian industry across most segments and is slated for phenomenal growth. In this interview with Rakesh Rao, Santhosh Jacob, Country Manager and Director, Igus India, talks of his company's “Improve What Moves” maxim, emerging trends and future prospects.Read more

Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs

To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read 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

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

Government may consider duty hike on RE imports

This hike is expected to reduce dependence on imports from China and develop components locally.Read more

Unlocking the export challenge

Share of exports of products related to India’s micro, small and medium enterprises (MSME) during the year 2018-19 stood at 48.10 per cent, as per the information from Directorate General of Commercial Intelligence and Statistics. Read more

TSC unveils its 3 new printers for from light to heavy-duty applications

These new products are ideal for environments like manufacturing, logistics, healthcare, and retail segments, etc.Read more

FPT Industrial, IVECO, and NIKOLA JV to develop emission neutral truck

This JV comes three months after CNH Industrial’s announcement, on September 3, 2019, involving its FPT Industrial powertrain brand and its IVECO commercial vehicles division, of the intention to enter into a strategic partnership with NIKOLA Motors.Read more

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