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Engineering growth amid the gloom

India's engineering goods exports touched $ 9.04 billion in July 2024, a rise of 3.6 per cent compared to $ 8.72 billion in July 2023, according to EEPC India.Read more

Centre unveils $15 billion blueprint to establish India as a major chip hub

As part of the new blueprint, the government plans to reduce the capital expenditure subsidy for assembly and testing plants (ATMP/OSAT) from the current 50% to 30% for conventional packaging technologies, and to 40% for advanced packaging technologies. Read more

No PLI proposals for shipping container manufacturing; GOI

The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more

GOI launches E-platform to connect exporters, MSMEs with stakeholders

The trade connect e-platform will offer valuable information on global trade events, the benefits of India's free trade agreements (FTAs), and other international trade data.Read more

All India Steel Bottles Association praises GOI initiative for stainless steel bottles on BIS certification

To facilitate this, BIS is offering faster approvals, licenses, and discounts for manufacturers setting up units within India, differentiating products based on their place of manufacture. Read more

7 startups chosen by GoI for aerospace and defence sectors

The DRDO, under the Ministry of Defence, emphasised that these projects are a significant step towards self-reliance in defence technologies and will foster innovation among Indian startups.Read more

Indian automakers seek exemption from Chinese PCB anti-dumping duty order

Indian PCB makers say the auto industry hasn't given them firm commitments of volume, thus preventing them from investing in building capacity. Read more

DGFT asks export bodies for inputs on efficacy of interest equalisation scheme

The study is to help the department assess the key gaps and make necessary recommendations to ensure seamless facilitation of trade finance in India.Read more

Green hydrogen, electrolyzer projects may get Rs 200 billion; GOI

A favourable policy to encourage the manufacturing of electrolyzers is crucial for India to bring down the cost of green hydrogen.Read more

Indian aerospace manufacturers seek global orders; ask GOI for policy push

The surge in orders has prompted global aerospace suppliers to ramp up sourcing from India. Airbus, in particular, is strengthening ties with Indian partners for various functions such as IT, engineering, and production. Read more

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