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New govt incentives to boost semiconductor manufacturing
The proposed incentives are worth Rs 760 billion over the next six years and provides 25% incentives on capital expenditure for establishing unit of Compound Semiconductor Wafer Fabrication (FAB), assembly, testing, and packaging facility in the country.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
Schneider Electric kicks off Innovation Summit India 2021
Brings together policy makers and key industry leaders to discover digital solutions towards ‘building a sustainable and resilient future with AatmaNirbhar Bharat’ 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
Alstom begins production of trains for Delhi-Ghaziabad-Meerut RRTS
210 advanced modular regional commuter and transit train cars are getting manufactured at Alstom’s factory in Savli, Gujarat. The RRTS trains are 100% indigenously manufactured with over 80% localisation.Read more
Indian govt notifies second list of 108 defence equipment for indigenisation
The second list lays special focus on weapons/systems which are currently under development/trials and are likely to translate into firm orders in the future. In August 2020, the ‘First Positive Indigenisation’ List comprising 101 items was notified by the Union Ministry of DefenceRead more
Piyush Goel: Startups are new champions of Aatmanirbhar Bharat
The minister said that the government is ready to act as an ‘Enabler rather than Regulator’. Read more
Government mulls on making Scrap Recycling an organised sector
This framework is also seen to be prepared in the backdrop of the upcoming Vehicle Scrappage Policy for automobiles, which will ensure sufficient availability of domestic scrap in the countryRead more
Top 3 trends for Indian manufacturing sector in 2021
With India expected to be among the top three manufacturing destinations before 2025, Masatomo Nishizaki, BU Head – Smart Manufacturing, NEC Corporation India, predicts top three manufacturing trends to watch out for in 2021.Read more
Tyre maker TVS Srichakra to invest Rs 10 bn for expansion
The company will make this investment over a period of 3 years in its Madurai (Tamil Nadu) and Pantnagar (Uttarakhand) plants to increase 2 & 3 wheeler tyre capacity by 25-30 per cent and doubling its off-highway tyre capacity from current levels.Read more
