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Budget 2025: Manufacturing sector highlights and reactions

The Budget has also introduced a Focus Product Scheme for the footwear and leather industry, aiming to create 2.2 million jobs and generate Rs 4 trillion in turnover. Read more

Budget 2025: Auto industry highlights and reactions

MSMEs in the auto supply chain will benefit from easier credit access, enabling component manufacturers and dealerships to scale operations and invest in new technology. Read more

GOI to launch credit guarantee scheme for MSMEs covering loans upto Rs 1 billion

The government is also focusing on promoting rural entrepreneurship, with an emphasis on enhancing quality, building export linkages, capacity development, and achieving the vision of ‘Viksit Bharat’. Read more

India unveils Rs 250 billion plan for electronics components manufacturing

The scheme will adopt a different incentive structure, as components and subassemblies are capital-intensive, unlike smartphones where smaller investments are required for larger manufacturing operations. Read more

MSMEs in 2024: Key policy announcements that shaped the sector

Companies with turnover above Rs 2.5 billion and all central public sector enterprises (CPSEs) were required to join the TReDS platform by March 2025 to enhance payment cycles.Read more

India crosses $1 trillion in FDI inflows

FDI equity inflows into the manufacturing sector during 2014–2024 surged to $165.1 billion, up 69% from the previous decade's $97.7 billion. Read more

India's exports set to exceed $800 billion this fiscal year: A Sakthivel

He highlighted that the establishment of 12 new industrial cities would further stimulate domestic manufacturing, while the success of the Production-Linked Incentive (PLI) scheme has bolstered the manufacturing sector. Read more

Andhra cabinet approves policy to boost drone manufacturing

The government has allocated Rs 5 billion to support the policy’s implementation.Read more

RAHSTA to submit policy recommendations to NHAI

RAHSTA to submit policy recommendations to NHAI for improving highways.Read more

IMS and its significance

With the implementation of the IMS, changes in GSTR-3B format can be expected. Read more

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