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Government considers legal action against three firms for FAME subsidy recovery
The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attemptsRead more
India's green hydrogen initiative garners interest, major players sit out initial subsidy auction
Initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC, and Adani Enterprises opted out of the bidding process.Read more
L&T ventures into fabless semiconductor design
L&T will concentrate on the design aspect, avoiding manufacturing due to intense competition from global players, particularly in China.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
Kerala govt unveils incentives for MSMEs under Mission 1,000 initiative
As part of this initiative, the government has given the green light to the industries department's proposal, which includes a range of incentives to bolster the growth of 1,000 MSME units in the state.Read more
Tata Group boosts India's semiconductor ambitions with govt subsidy bid
Insider sources from the Ministry of Electronics and IT have revealed that Tata is in the process of drafting a proposal, expected to be submitted within the next 3 to 6 months.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
Maharashtra unveils solar incentives for Textile Industry
Maharashtra Electricity Regulatory Commission has proposed amendments to Distributed Open Access Regulations, making it easier for consumers with a contract demand of 100 kW or more to access power from renewable sources.Read more
Union MSME Ministry recognises 3i EXPO for subsidy for exhibitors
With this, exhibitors will be eligible for 80% subsidy under Procurement and Marketing Support (PMS) Scheme of the Ministry for buying space at IPF's 3i EXPO.Read 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
