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India to offer $2.2 bn incentives for manufacturing growth in six sectors
This initiative forms part of India's 1.97-trillion-rupee production-linked incentive scheme (PLI), which was inaugurated in 2020. Among the six sectors poised to join the PLI scheme are toys, bicycles, leather, and footwearRead more
NGEL, Chidambaranar Port signs MoU to develop green hydrogen hub
The MoU was signed by V V Sivakumar, GM (NGEL) and V Suresh Babu, CME (VOCPA) in the presence of Bimal Kumar Jha, Dy Chairman and Chairman (I/c) (VOCPA) and other senior officials.Read more
Asia's export powerhouses face manufacturing slump amidst weak demand
According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more
Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports
The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more
R Ravi Kumar takes over as new Secretary General of IPPTA
Ravi Kumar has spent over 40 years in the maritime and port industry having worked with various public and private entitiesRead more
Walter s.r.o. celebrates launch of a flow assembly line in Kurim, Czech Republic
Walter s.r.o. in Kurim recently celebrated the launch of its flow assembly line with numerous invited guests. Jürgen Schock, CEO of Walter Maschinenbau GmbH, welcomed the group of about forty invited guests followed by a short speech from project manager Markus Schulze about the flow assembly line project, before kicking off the official opening ceremony. Together, the entire project team pressed a start button to symbolize the official launch of the flow assembly line. Construction work forRead more
