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India's medical device imports surge by 21%, sparks calls for policy re-evaluation

The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more

Hyundai invests Rs 6,180 cr in Tamil Nadu for Hydrogen Initiatives

This additional investment is part of the automaker's broader commitment, totalling Rs 20,000 crore over the period of 2023-2032, dedicated to advancing electric vehicle manufacturing.Read more

UltraTech Cement rolls out electric trucks for Green Mobility

As part of the government's eFAST initiative, the company aims to deploy 500 electric trucks and incorporate 1,000 CNG/LNG vehicles into its fleet by June 2025.Read more

Indian Footwear Industry eyes $90 bn market by 2030 with strategic measures: Report

The current valuation of the Indian footwear market stands at $26 billion, and the GTRI anticipates it reaching $90 billion by 2030.Read more

India's 2023 exports decline 5.3%, electronics shines amid challenges

According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more

HPL Electric wins Rs 545 cr smart meter orders, supports national metering initiative

Company has won these orders from various prestigious customers in the normal course of business.Read more

CGTMSE empowers 79.5 lakh MSEs with Rs 5.33 tn, govt boosts MSME R&D initiatives

Maharashtra received the highest amount at Rs 62,807 crore, followed by Uttar Pradesh at Rs 52,998 crore, Karnataka at Rs 43,120 crore, Tamil Nadu at Rs 42,270 crore, and Gujarat at Rs 42,162 crore, among others.Read more

Google strategically invests in India's MSME market, digital transformation initiatives

Acknowledging the challenge of limited credit access hindering MSME growth in India, Sanjay Gupta highlighted the country's underdeveloped MSME sector, contributing only 28 to 29% of GDP compared to 55 to 60% in the US and China.Read more

ONGC plans Rs 350 bn investment for 5 GW RE Capacity by 2030

ONGC is actively exploring various avenues, including pumped storage with a two GW capacity, five GW of solar and onshore wind capacity, and offshore wind with a one GW capacity, all to be realized by 2035.Read more

India navigates green steel transition amidst European scrutiny

This move is anticipated to impact Indian steel exporters, particularly those reliant on environmentally damaging coking coal for furnace operation.Read more

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