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Centre unveils $15 billion blueprint to establish India as a major chip hub
As part of the new blueprint, the government plans to reduce the capital expenditure subsidy for assembly and testing plants (ATMP/OSAT) from the current 50% to 30% for conventional packaging technologies, and to 40% for advanced packaging technologies. Read more
Airbus chooses eight sites to build final assembly line in India
Currently, the Airbus H125 helicopter is manufactured in France, the US, and Brazil, with a combined capacity of nearly 220 units. Read more
MSMEs' contribution to the GDP
As on 16.07.2024, the total employment reported by the MSMEs on the Udyam Registration Portal (since 01.07.2020 to 16.07.2024) is 203.9 million(including informal micro enterprises registered on Udyam Assist Platform).Read more
JRS Pharma partner with Gujarat Microwax for cotton-based croscarmellose sodium plant
This manufacturing plant, is located in Mehsana and marks their fourth manufacturing facility in India.Read more
DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
The MoRD and MoMSME join hands to empower Lakhpati Didis through several schemes
The SoI will strengthen the partnership between the two ministries to support and elevate SHG Didis in entrepreneurship, leveraging MoMSME's flagship initiatives such as Yeshaswini- Apna Udyam, Apni Pehchaan, Udyam Assist, etc.Read more
Zen Mobility launches new pod variants- ThermoFlex and LoadMax
Equipped with cutting-edge technologies such as telematics, IoT integration, geo-fencing with remote vehicle locking, trip data monitoring, and battery state-of-charge (SOC) tracking, these variants are the result of extensive customer feedback and trials.Read more
Tata Technologies, Microsoft & Tata Motors for InnoVent hackathon
Apart from cash prizes and paid internship opportunities being offered by Tata Technologies, top projects will also receive complimentary access to Microsoft Azure Sandbox and mentorship from experts at Tata Technologies and Tata Motors, emphasising real-world application.Read more
EVs at Automechanika moving towards zero-carbon transportation
They include manufacturers from China like BYD, SMART, the GEELY Group, AVATR, JIYUE, SERES, Chang An, HONGQI, GAC International and many more. 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