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Electronics component manufacturers seek government support in Budget 2025

In addition to potential PLI incentives, the government is reportedly preparing a plan to encourage electronics manufacturing in Tier II towns. Read more

Indian Railways offers big opportunity for suppliers with Rs.2.65 trn capex

With Rs. 2.65 trillion capex in 2024-25, Indian railway sector presents a big opportunity for suppliers because of Vande Bharat, rising wagon demands (due to dedicated freight corridors), investments in high-speed trains & tracks, etc, says Rakesh Rao.Read more

Lazard report suggests India is on track on becoming a global manufacturing hub

Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more

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

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