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Solar installations to increase 3-fold to reach 10 GW in 2021: Mercom

Mercom India Research is forecasting over 10 GW of solar installations in 2021 compared to 3.2 GW in 2020 - the year in which the installations declined by 56 per cent over 2019. Read more

Budget 2021's focus on economic revival to increase demand for automobiles

While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.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

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

Need to increase India’s manufacturing competitiveness: Alok Kirloskar

Alok Kirloskar, Director of Kirloskar Brothers Limited (KBL), expects the Budget 2021 to focus on fast-tracking initiatives, policy changes and incentive packages that will help enhance the share of manufacturing in the economy.Read more

With increased voltage igus chainflex bus cable saves costs

The cables with the same voltage level can be laid directly next to each other. It is now no longer necessary to separate the cables and that can reduce the size of the chain and cut down on the installation work required for separators.Read more

PLI scheme for bulk drugs and medical devices receives 243 applications

Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectivelyRead more

TDK launches Trusted Positioning as Independent Software Business

TPI’s inertial navigation solutions provide highly accurate positioning for the autonomous vehicle, automotive infotainment/telematics, robotics, two wheeled micromobility and indoor positioning markets.Read more

Danish firm Danfoss expands production in India, to increase localisation

Since the company began its independent operations in India, Danfoss India has quadrupled its localisation efforts in terms of production and supply chain capabilities and plans to take up the localisation level to 90 per cent by 2022.Read more

FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth

Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure.Read more

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