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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 24-25: Customs duty reforms will help manufacturing and promote exports

New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more

Budget 24-25: 12 ‘plug & play’ industrial parks to be created under NICDP

The Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. Read more

Carl Zeiss to invest Rs 25 billion in Indian lens manufacturing plant

Carl Zeiss reported Rs 18 billion in business from India last year.Read more

DPIIT raises $1.4 billion in tyre investments from global players

The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more

Dixon Tech buys 56% stake in manufacturing service provider Ismartu India

Dixon Technologies is known for its EMS offerings across various segments, including lighting solutions, televisions, washing machines, security systems, wearables, and hearables.Read more

India’s pharma sector likely to double post US Biosecure Act

At present, China’s CDMO industry commands 8% global market share compared to India’s 2.7%. Read more

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