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Madan Sabnavis: The major problem for SMEs is their low credit worthiness
In this interview with Pratap Padode, Editor-in-Chief, Smart Manufacturing & Enterprises (SME), Madan Sabnavis, Chief Economist, Bank of Baroda, discusses the status of the private investment cycle, key pain points of SMEs, and some probable solutions.Read more
Aatmanirbhar Gujarat 2022: Boosting growth of MSMEs
The Aatmanirbhar Gujarat 2022 Scheme aims to increase investment in the MSME sector in Gujarat, boosting Gujarat's industrial landscape and contributing to Atmanirbhar India's vision. Saumil Soni and Jaideep Jain explore the scheme and its impact on MSMEs.Read more
Zoho plans $700 million foray into chip manufacturing; compound semiconductors
Semiconductors occupy a pivotal position in India's economic agenda, with the government implementing a $10 billion package to fortify the industry's capabilities, positioning the nation to rival established players like Taiwan in the coming years.Read more
Indian aerospace manufacturers seek global orders; ask GOI for policy push
The surge in orders has prompted global aerospace suppliers to ramp up sourcing from India. Airbus, in particular, is strengthening ties with Indian partners for various functions such as IT, engineering, and production. 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
Siemens Limited declares 19% increase in revenue; 74% higher PAT in Q2 FY24
Revenue of Rs 52.48 billion was seen as a 19% increase over the same quarter in the preceding year.Read more
India's defence sector holds prospect of $138 billion from FY24-32
This growth is owing to escalating defence budgets, modernisation initiatives, and the government's emphasis on indigenous manufacturing through programs like ‘Make in India’.Read more
Tata Motors celebrates 9,00,000th vehicle rollout from Lucknow facility
The state-of-the-art manufacturing facility is a significant hub for production of commercial vehicles, including green mobility solutions.Read more
Honeywell announces sustainable solutions for methane reduction
In 2021, approximately 60 percent of Honeywell’s new product introduction research and development investment was directed toward products that improve environmental and social outcomes for customers.Read more
UNNATI 2024: Putting North East on a growth path
By incentivising new industrial units and those undergoing substantial expansion, Uttar Poorva Transformative Industrialization Scheme (UNNATI), 2024 paves the way for an economy built on performance and innovation. Aishwarya Jaju and Neha Satte shed more light on the scheme.Read more
