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Union MSME Ministry recognises 3i EXPO for subsidy for exhibitors
With this, exhibitors will be eligible for 80% subsidy under Procurement and Marketing Support (PMS) Scheme of the Ministry for buying space at IPF's 3i EXPO.Read more
India’s merchandise exports cross $400 bn; Engg goods exports up 50%
Export of cotton yarn/fabrics/made-ups, handloom products etc, gems and jewellery, other cereals and man-made yarn/fabrics./made-up etc. have registered a growth rate between 50%-60%.Read more
German machinery exports reach pre-Covid level
Despite many disruptions in the supply chains, machinery and plant manufacturers from Germany were able to significantly increase their exports last year.Read more
Govt selects 4 bidders for PLI scheme for ACC battery storage
The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more
3i EXPO Webinar: Industry 4.0 for Manufacturing Sustainably
The second panel discussion of 3i EXPO webinar series discussed ways to use Industry 4.0 and automation to reduce carbon footprint and achieve the Sustainable Development Goals.Read more
Adding value via additive manufacturing
Additive manufacturing (AM), or 3D printing, has gained momentum in India, especially after Covid 19 pandemic when most industries faced supply chain disruptions. 3D printing allows companies to break centralised manufacturing facility into smaller production hubs that can be set up closer to the market.Read more
Manufacturing at an inflexion point
Today, India is ranked as one of the leading exporters of pharmaceuticals supplying not just to developing countries but also to developed markets such as US, Japan, EU, etc. Read more
Business Environment Set for Growth
The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead 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
Budget 2022 - Customs duties rejigged to promote Make in India & exports
Concessional rates on capital goods to be gradually phased out and attract a moderate tariff of 7.5%. More than 350 entries to be phased out from customs duty exemption to promote Make in India and Aatmanirbhar Bharat. Graded duty rate structure to boost domestic electronics manufacturingRead more