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Budget 2022 - Customs duties rejigged to promote Make in India & exports

Concessional rates on capital goods to be gradually phased out and attract a moderate tariff of 7.5%. More than 350 entries to be phased out from customs duty exemption to promote Make in India and Aatmanirbhar Bharat. Graded duty rate structure to boost domestic electronics manufacturingRead more

How different will be the post-Covid supply chain?

Some of the pre-Covid practices have crippled the supply chains, to the extent that, these are now holding back the recovery. Post-Covid, the primary objectives of companies will be ‘safe business operations’, ‘uninterrupted business operations’ and ‘integrated manufacturing operations’. These three pillars will lead companies to take up multiple actions to redesign the manufacturing value chain in its entirety, says R Jayaraman.Read more

Budget 2022 should build confidence in new manufacturing firms

Government has reduced tax rate for newly set-up manufacturing company to an effective rate of 17.16%. However, there are certain nuances which require clarifications. Maulik Doshi highlights on budget expectations for new manufacturing companies availing concessional tax rates.Read more

Will autonomous robots change metal manufacturing?

Many new developments are helping in reshaping the metal manufacturing industry. The industry could benefit significantly from autonomous robots that allow faster and less labour-intensive metal processing, says Emily Newton.Read more

New govt incentives to boost semiconductor manufacturing

The proposed incentives are worth Rs 760 billion over the next six years and provides 25% incentives on capital expenditure for establishing unit of Compound Semiconductor Wafer Fabrication (FAB), assembly, testing, and packaging facility in the country.Read more

IPF’s 3i EXPO to pave the way for transition to Industry 4.0

This will be India’s first of its kind expo comprising 3 events - Exhibition, Conference and IPF Industry Excellence Awards - dedicated to discuss on innovative approaches and strategies for the adoption of Industry 4.0 in India will the involvement of the key stakeholders - the Government, Industry and Academia Read more

PG Electroplast starts LED TV manufacturing at Greater Noida

Spread across 100,000 square feet, the production capacity of the facility is half a million units annuallyRead more

IMTMA postpones machine tools expo IMTEX 2022 due to rising Covid-Omicron cases

The IMTEX 2022 & IMTEX FORMING 2022 exhibition was scheduled for January 20-26, 2022. The rescheduled dates will be announced shortly.Read more

Havells opens Industry 4.0 compliant manufacturing plant in Rajasthan

New facility – opened at Ghiloth will manufacture washing machines with an annual production capacity of 3 lakh units - will have high level of automation and robotic touch-points; thus, providing superior product quality in the segment.Read more

Global aerospace parts market to grow at CAGR of 3.7%: Report

The global aerospace parts market - estimated at $ 900.75 billion in 2021, is expected to grow at a CAGR of 3.7% during 2021-2030 forecast period, according to Quince Market InsightsRead more

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