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India extends auto PLI Scheme, boosts budget to Rs 25,938 Crore
The PLI scheme provides financial incentives to promote investments in the automotive manufacturing sector and enhance domestic production of Advanced Automotive Technology (AAT) products.Read more
Commerce minister extends investment invitation to Nordic-Baltic region, key market for exports
Addressing the CII India Nordic-Baltic Business Conclave 2023 in New Delhi, Goyal highlighted remarkable export growth rates to Finland and Norway.Read more
LAN passive components launched by Finolex Cables, extends its LAN portfolio
These are especially useful in places like data centres, IT networks, conference rooms and branch office connections with high-density switches. Read more
Govt extends Automotive PLI Scheme, aims for accelerated implementation
While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.Read more
Beckhoff extends MX-System with pneumatic modules
The control cabinet-free automation MX-System launched by Beckhoff in 2021 is now included with pneumatic valves. The developed two socket modules – MO2414 for Festo and MO2424 for SMC are with the standard MX-System interface for the respective valve types.Read more
OnRobot Palletiser extends application approach to collaborative automation
OnRobot Palletiser is a powerful, automated palletising hardware and software solution that combines unprecedented affordability, performance and fast integration with a small footprint to deliver flexible palletising automation to companies of all sizes.Read more
Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022
The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more
RBI extends Interest Subvention Scheme till Sept 30
This timely extension will provide competitive rates for exports and bring it near international benchmarks particularly for MSMEs.Read more
Steelbird International extends support to frontline workers with SB-N95 masks
Steelbird International had started manufacturing of the facemask last year. They will also courier these masks to their employees and labour force.Read more
RBI extends support for small businesses with Resolution Framework 2.0
Small businesses engaged in retail and wholesale trade other than those classified as micro, small and medium enterprises (MSMEs) will also be eligible to avail the benefit. The central bank also allowed MSMEs with loans of up to Rs 25 for restructuring businesses crore in a separate notification.Read more
