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GOI to implement equal 5% GST on all aircraft and engine parts to boost industry
The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more
May-24 IIP received manufacturing boost to 5.91%
The trends in mining, manufacturing, and electricity have fluctuated over the past few months. Read more
India to boost funding for energy efficient technologies for MSMEs
Some of these technologies could include automation and control systems for optimal resource utilisation and loss reduction, combustion control systems for boilers, pocket ventilation systems, air-dyeing technology, and methane capture technology, among others. Read more
Airbus and Gati Shakti Vishwavidyalaya to boost aerospace education and research
The initiative is expected to propel GSV towards becoming an industry-driven and innovation-led university, setting a precedent for robust industry-academia partnerships in India. Read more
MSMEs ask for Rs 50 billion export boost in Union Budget
The goal is to increase the number of active exporters and enable at least 300,000 to 400,000 first-time MSMEs to promote Indian products globally.Read more
Semiconductor, electronics and railway industries to see boost in Odisha; Vaishnaw
A training program will also be introduced in the semiconductor industry.Read more
GMDC and GUVNL to boost Gujarat’s energy security amidst growing power demand
The State of Gujarat has been witnessing a huge surge in the power demand which has been growing at a CAGR of more than 6 % since last 5 years. Read more
HAL receives light combat helicopter order; boosting ‘Make in India’
The revenue from operations increased 18.36% YoY to Rs 147.88 billion during the quarter. Read more
80% of Indian steel producers use ‘Made-in-India’ on products to boost global status
This rollout began on November 4, 2023, with major players like RINL, JSPL, and TATA Steel Ltd already covering 100% of their product ranges.Read more
Increased scrutiny by US FDA: A boon or bane Indian pharmaceutical sector
Even with the surge in USFDA-approved manufacturing sites in India, the proportion of Official Action Initiated (OAI) observations by the USFDA has stayed consistent at 10% of total inspections in CY23. Read more