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PLI scheme to benefit Indian MSMEs: PM Narendra Modi

Production worth about $ 520 billion is estimated in the next five years in India only through the Production-Linked Incentives (PLI) scheme with the entire ecosystem associated with the sector benefiting from the scheme, said the Prime MinisterRead more

Will Rs 3.05 trn investment change the fortunes of power equipment makers?

The government has announced to invest Rs 3.05 trillion in power distribution sector to achieve the ambitious targets for its electricity sector and propel demand for power equipment. However, the crippled power transmission & distribution (T&D) sector could play a spoilsport? Read more

Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs

By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more

FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion

In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more

Raise basic custom duty on aluminum scrap to curb imports: Industry

As part of its Budget 2021 suggestions, the Indian aluminium industry has sought Government intervention to curb imports by raising the basic custom duty on primary aluminum and scrap imports to 10 per cent from current 7.5 per cent and 2.5 per cent respectively.Read more

Chemicals industry is at inflection point of incredible opportunity: Rahul Tikoo

Highlighting his expectations from budget 2021, Rahul Tikoo, MD – India Sub-continent & Polyurethanes South Asia Business, Huntsman Corporation, says, economic growth and changing consumer preferences will unfold new avenues for growth for the Indian chemical sector.Read more

MSMEs must grow their appetite for new technology: Ravichandran Purushothaman

Ravichandran Purushothaman, President, Danfoss India, expects more budgetary provisions for this bourgeoning sector, to build an institutional mechanism to implement the technological transformation process pan India and enable the industry to build skill and capacity.Read more

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