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Bangladesh crisis causes major losses to Indian auto manufacturers

Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.Read more

India's construction equipment sector to touch $25 billion by 2030; ICEMA

Currently the world’s third-largest market for construction equipment, India’s CE industry is valued at approximately $10 billion (FY24).Read more

FAME -II to focus on consumer aid than direct incentives to EV manufacturers

Launched in 2019 with an initial budget of Rs 100 billion, and later supplemented with an additional Rs 15 billion, the FAME II scheme aims to accelerate electric vehicle adoption in India. Read more

A rundown of the global battery recycling market

As the capacity of li-ion batteries increases, the amount of scrap batteries in production are also piling up fast, making battery recycling a focal point for the market.Read more

61% global manufacturers expect AI to drive growth by 2029; ZT report

While digital transformation is a priority for manufacturers, around 30% to 40% of global and APAC, including India, respondents recognise achieving it is fraught with obstacles, including the cost and availability of labour, scaling technology solutions, and the convergence of information technology and operational technology (IT/OT).Read more

Vizhinjam Port to lessen time and costs by 40% for Indian manufacturers

The port, equipped with advanced facilities, including automated operations and modern infrastructure, aims to efficiently handle large ships. Read more

Temico Motor to make powertrains for Indian EV manufacturers

It is expected to start mass production after gaining certification from the Bureau of Indian Standards next month.Read more

Amara Raja announces partnership with Gotion-InoBat-Batteries

The technology transfer and service support will fully complement Amara Raja’s efforts to operationalise its Gigafactory manufacturing capacities.Read more

India witnessed $29.6 billion in private equity investments

The investment distribution in 2023 saw a notable shift with traditional sectors such as manufacturing, healthcare, and energy, accounting for about 75 % of the total investments, up from around 60 % in 2022.Read more

Why MSMEs want a review of Section 43B(h)?

Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more

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