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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

PLI scheme for bulk drugs and medical devices receives 243 applications

Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more

FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth

Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

Blue Star wins Rs 1.28 billion order from Taiwan’s electronic firm Wistron

Wistron Infocomm, which has been producing electronic devices at its existing factory at Kolar (Bengaluru), has embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building.Read more

Government extends Emergency Line Credit Guarantee till Nov 30

The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme.Read more

2nd IPF Buyer-Seller Summit: Making MSMEs Aatmanirbhar

The 2nd Virtual Buyer-Seller Summit- saw participations from Office of Development Commissioner MSME (Ministry of MSME), NTPC Ltd, L&T Power, Rashtriya Ispat Nigam Ltd (Vizag Steel) and Nordex - educated vendors on approaching large companies to help MSME become regular suppliers, thereby improving efficiency of manufacturingRead more

Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports

Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more

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