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Budget 2022 allocates Rs 195 bn PLI incentive for solar module production
With focus on circular economy, Budget 2022 tables proposal to co-fire 5-7% biomass pellets in thermal power plants, with expected CO2 savings of 38 mmt. It also announced four pilot projects for coal gasification and conversion of coal into chemicals.Read more
Skilling is critical for power sector as it drives country’s economy
In India, being one of the biggest economies in the world with growing industrialisation, demand for power is likely to rise manifold in the near future. Read more
Budget 2022 - Economic Survey: Industrial sector to expand 11.8% in 2021-22
According to the Survey, investment, as measured by Gross Fixed Capital Formation (GFCF) is expected to see strong growth of 15% in 2021-22 and achieve full recovery of pre-pandemic level.Read more
Why MSMEs matter to transform India’s economy
MSME manufacturing firms have been imperative to the growth of the Indian economy. Read more
Strong global orders lead to 43% rise in India’s exports in Oct 2021
Owing to strong global orders, India's merchandise exports rose by 43% in October this year as compared to same period previous year.Read more
ENGEL to unveil technologies for climate protection at ArabPlast 2021
Recycling, energy efficiency and thin-wall technology are the key factors in reducing the CO2 footprint. ENGEL will present the technological answers for this in the form of applications from the fields of logistics and packaging.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more
Healthy competition can lead the economy to a higher growth: CCI
CCI is focussing on the Digital markets. Digital markets are bringing in innovation on one hand and are also giving rise to various competition concerns on the other.Read more
Schneider Electric predicts 50% power demand rise of IT sector by 2030
Schneider Electric, the leader in digital transformation of energy management and automation, released a research report titled ‘Digital Economy and Climate Impact’. Read more
India’s GDP grows 1.6% in Q4 2020-21 aided by manufacturing push
For the entire financial year 2020-21, the GDP contracted 7.3 per cent  a record low. In January-March last year, the economy had grown 3 per cent.Read more