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Lubricant market delivering smooth growth
Continuous industrialisation and growing manufacturing sector are driving the consumption of lubricants in industrial applications. In India, demand for industrial engine oils is accelerating as there is a rising concern about the upkeep of machinery for delivering better quality output. Read more
Ashoka Bearing will achieve 25% growth this year
The rising demand for bearings across various end-user segments like automotive, machine tools, precision engineering, advanced medical equipment as also different types of bearings for use in extreme conditions, is expected to drive the growth of this industry. 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
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
Budget 2022 - IMTMA: Cohesive efforts are need to resuscitate growth
Budget 2022 should provide a higher depreciation of 25% on procurement of new indigenous capital goods besides mandatory registration under TReDS for all companies with a turnover beyond Rs 250 croresRead more
IMTEX 2022: An enabler of machine tools industry growth
After 2020, IMTMA is back with its yearly exhibition – this time in-person - as IMTEX and IMTEX Forming 2022. The event is scheduled from January 20-26, 2022 at Bangalore International Exhibition Center (BIEC).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
Heat exchangers: Efficiency drives growth
Burgeoning chemical and power sectors, along with the upgradation of conventional heat exchangers with efficient and innovative variants, are driving the market.Read more
Taiwan Expo India 2021 explores growth prospects
The main aim of this expo is to provide the India-Taiwan businesses an opportunity to explore prospects, fuel growth and strengthen trade.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