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Budget 2022 announces additional credit of Rs 2 trn for MSMEs

Budget 2022 announces additional credit of Rs 2 trn for MSMEs Credit will be available through revamped Credit Guarantee Trust for Micro and Small Enterprises Scheme (CGTMSE). The government will roll out “Raising and Accelerating MSME Performance” (RAMP) programme with outlay of Rs 60 billionRead more

PLI schemes to empower electronic sector

The Government of India has committed nearly $ 17 billion over the next 6 years across four PLI Schemes - Semiconductor and Design, Smartphones, IT Hardware and Components. With global majors adopting ‘China Plus One’ policy, PLI schemes can help India in filling the market vacuum left by China.Read more

Budget 2022 allocates Rs 195 bn PLI incentive for solar module production

With focus on circular economy, Budget 2022 tables proposal to co-fire 5-7% biomass pellets in thermal power plants, with expected CO2 savings of 38 mmt. It also announced four pilot projects for coal gasification and conversion of coal into chemicals.Read more

Electronic hardware companies need to invest in R&D

Manufacturers' Association of Information Technology (MAIT), established in 1982, is the apex body representing India’s ICT (Information and Communication Technology) sector. MAIT is recognised by both the Government as well as the industry for its role in the growth and development of the IT hardware industry. In this interview, George Paul, CEO, MAIT, shares his views on some of the recent policy announcements and outlook for the electronics hardware industry.Read more

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

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