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Government to develop parks and dormitories near manufacturing clusters

Twelve industrial parks under the National Industrial Corridor Development Programme will also be sanctioned, with significant progress already in Uttar Pradesh and Tamil Nadu. Read more

Will Budget 2024-25 benefit the manufacturing industry?

The manufacturing sector is crucial for job creation, export growth, and overall economic development. Read more

Seven key announcements for MSMEs in Budget 2024

These budgetary measures are pivotal in ensuring the long-term prosperity of MSMEs in India.Read more

Union Budget bolsters the manufacturing industry and MSMEs

MSMEs contributed 35.4% to all-India manufacturing output in FY 22, and MSME-made products accounted for 45.7% of exports in FY 24.Read more

Budget 2024-25: Analysis of Budget impact on MSMEs

The budget places special attention on MSMEs and labour-intensive manufacturing, introducing a new assessment model for MSME credit by public sector banks based on digital footprints rather than only on assets and turnover criteria. Read more

Budget 2024-25: A focus on skill development

These will be based on enrolment in the EPFO, and focus on recognition of first-time employees, and support to employees and employers. Read more

Budget 2024-25: 8 measures in support of MSMEs

The FM said that the Government has formulated a package that covers financing, regulatory changes and technology support for MSMEs.Read more

Budget 24-25: Rs 11.11111 trillion allocated for capital expenditure

To encourage the states to provide support of similar scale for infrastructure, the Finance Minister Smt Nirmala Sitharaman announced a provision of Rs 1.5 trillion for long-term interest free loans this year. Read more

Budget 24-25: Customs duty reforms will help manufacturing and promote exports

New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more

Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid

Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more

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