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Salzgitter AG establishes "Circular Economy" as a corporate goal
Salzgitter AG is planning to establish the Group as an independent market leader for circular economy solutions with innovative products and processes. Achieving this goal can only be successful together with strong partners and networks.Read more
India’s growing economy gets budget’s booster dose
The budget has laid down a blue print for achieving the objective of Atmanirbhar Bharat and sustainable development in the future. However, it will be important to look at the execution, on which the success of all the policy announcements will depend.Read more
Atmanirbhar Bharat Mission to bolster indigenous manufacturing
The adoption of new technology-based solutions is expected to bring the much-needed transformation in the manufacturing sector, thus making the sector a bigger participant in the development of Indian economy. The pandemic has turned the focus towards becoming self-reliant by emphasising on local manufacturing, which, according to Ashish Dhakan, will be the key to India’s survival; thus, giving a major boost to the Indian manufacturing sector.Read more
Budget 2022 allocates Rs 195 bn PLI incentive for solar module production
With focus on circular economy, Budget 2022 tables proposal to co-fire 5-7% biomass pellets in thermal power plants, with expected CO2 savings of 38 mmt. It also announced four pilot projects for coal gasification and conversion of coal into chemicals.Read more
Skilling is critical for power sector as it drives country’s economy
In India, being one of the biggest economies in the world with growing industrialisation, demand for power is likely to rise manifold in the near future. Read more
Budget 2022 - Economic Survey: Industrial sector to expand 11.8% in 2021-22
According to the Survey, investment, as measured by Gross Fixed Capital Formation (GFCF) is expected to see strong growth of 15% in 2021-22 and achieve full recovery of pre-pandemic level.Read more
Why MSMEs matter to transform India’s economy
MSME manufacturing firms have been imperative to the growth of the Indian economy. Read more
Strong global orders lead to 43% rise in India’s exports in Oct 2021
Owing to strong global orders, India's merchandise exports rose by 43% in October this year as compared to same period previous year.Read more
ENGEL to unveil technologies for climate protection at ArabPlast 2021
Recycling, energy efficiency and thin-wall technology are the key factors in reducing the CO2 footprint. ENGEL will present the technological answers for this in the form of applications from the fields of logistics and packaging.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more