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India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more

BUDGET 2022 - Alain SPOHR: Support companies investing in India and R&D

Introducing production linked incentives for railway manufacturers and exporters promoting Make-in-India would be encouraging, says Alain SPOHR, Managing Director, Alstom India & South Asia.Read more

IEEMA welcomes PLI scheme for semiconductors, big boost for electronics industry

This is a huge positive step for the Indian electrical & electronics industry and will enable global competitiveness of Indian industry to ramp-up exports of finished products, said Vipul Ray, President, Indian Electrical & Electronics Manufacturer’s Association (IEEMA)Read more

Indian Govt to offer Rs 760 bn incentives for semiconductor industry

In total, Government of India has committed support of Rs 2.30 trillion ($ 30 billion) to position India as global hub for electronics manufacturing with semiconductors as the foundational building block.Read more

Syrma SGS Technology receives MeitY award

The Ministry of Electronics and Information Technology (MeitY) recognised Syrma SGS Technology Limited with an appreciation award for its outstanding contribution in IoT products manufacturing in IndiaRead more

MSME Ministry launches SCLCS scheme for services sector for tech upgradation

The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more

Industrial investments in India to rise 30% in FY22-24: CRISIL

Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more

Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022

The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more

Seize the export opportunity

The Government of India has set an ambitious target of reaching $ 400 billion in exports for the current year. With India achieving nearly a third of its annual target in the first four months of 2021-22, $ 400 billion seems to be within the reach. Read more

Optiemus Electronics partners with Wistron for making electronic products

OEL will invest Rs 13.5 billion in the next three to five years to increase its plants capacity. It intends to reach revenues of Rs 380 billion within the next three to five years in multiple product segments.Read more

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