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India identifies key sectors for global manufacturing dominance

Officials have revealed that India is on the brink of identifying approximately a dozen sectors poised to establish the country as a global manufacturing powerhouse.Read more

MeitY considers independent PLI for electronics components manufacturing

It is anticipated that the ministry will engage in discussions regarding this proposal with the Ministry of Commerce and Industry, as well as NITI Aayog, to explore the potential and framework of the scheme.Read more

Uttarakhand CM boosts industries with Rs 90 cr subsidy

This initiative, governed by the Central Government's Industrial Development Scheme of 2017, extends a 30% subsidy, capped at Rs 5 crore.Read more

Shakti Pumps hits record high with Rs 1,603 cr orders from MSEDCL

According to the company's filing with the exchange, the total order value amounts to approximately Rs 1,603 crore, inclusive of GST, and is slated to be completed over the course of 24 months.Read more

Kerala govt launches Comprehensive Insurance Scheme to safeguard MSMEs

As of now, Kerala is home to more than three lakh MSMEs, with around 1,40,000 entities registered under the government's Year of Enterprises initiative.Read more

Govt delays new PLI Schemes, assessing effectiveness of exiting initiatives

Top government officials have received diverse feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister.Read more

DPIIT introduces stricter guidelines for PLI Scheme in white goods sector

Under these updated regulations, selected companies must now provide a certificate from a registered cost accountant, confirming related party sales and determining the arm's length price, in order to avail the scheme's benefits.Read more

Indian smartphone manufacturers struggle with PLI targets, call for scheme extension

While global giants like Foxconn, Wistron, and Samsung have contributed to the success of the PLI scheme, a senior executive from Lava emphasised the need for more time to establish local champions in the manufacturing industry.Read more

Exporters seek government support amid global challenges

Exporters have appealed to the central government for support in ensuring affordable and readily available credit for Micro, Small, and Medium Enterprises (MSMEs) amid global challenges caused by a lack of liquidity.Read more

NITI Aayog member advocates adjustments in centre's PLI Scheme

Speaking at the National Conference on India's Industrial Transformation in New Delhi, NITI Aayog member and experienced economist, Arvind Virmani highlighted the scheme's effectiveness for industries like electronics and telecom, where China dominates ovRead more

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