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Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs
The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more
Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23
The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more
Collaborative growth
In January 2022, Reliance Industries bought 54 per cent stake in Addverb Technologies (a manufacturer of autonomous mobile robots, sorting robots, and automated storage and retrieval systems) for $ 132 million marking an entry of big industrial giant in the fast-growing industrial automation sector.Read more
Removal of export duties to strengthen steel sector: Jyotiraditya Scindia
PLI Scheme for specialty steel will result in an investment of close to Rs 46,020 crore and increase in capacity of almost 26 million tonnes, said Union Minister Jyotiraditya Scindia at the Indian Steel Association (ISA) conclave in New Delhi.Read more
Solar market in a bright spot
As India looks to become a net-zero economy by 2070, the country’s renewable sector can have an economic impact of over $ 1 trillion by 2030 and $15 trillion by 2070, as per CII-Mercom report. But, how much of this transition towards green energy will be powered through locally manufactured components and systems, says Rakesh Rao.Read more
Bohmen Industries is focusing on developing new products
From its humble beginning in 1979, Bohmen Industries today offers a wide variety of position switching devices catering to various industries. Post-Covid, the company is seeing a good demand due to a reduction in competition from the unorganised sector as well as a definite aversion for cheap imported alternatives, reveals Abhishek Bohra, Partner, Bohmen Industries.Read more
Is this good news for the Indian auto industry?
It appears that the Indian auto industry has deftly handled the covid related adversities, and has come out a winner. It remains to be seen how this will be continued into the future years, says R Jayaraman.Read more
Govt modifies PLI scheme for semiconductors manufacturing in India
Post changes, the scheme to offer 50% incentives for semiconductor fabs across the technology nodes as well as for compound semiconductors, packaging and other semiconductor facilities.Read more
Govt approves additional Rs 19,500 cr for PLI scheme for solar PV modules
The Government expects the scheme to bring direct investment of around Rs 94,000 crore and help in import substitution of approximately Rs 1.37 trillion.Read more
Dixon Technologies arm to receive Rs 53 cr under PLI scheme for electronics
The Empowered Committee (EC) has approved the first disbursement of Rs 53.28 crore under PLI (Production Linked Incentive) Scheme for Large Scale Electronics Manufacturing to Padget Electronics Pvt Ltd - a 100% subsidiary of Dixon Technologies India Pvt LtdRead more