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Sandvik to invest in new hydraulic and instrumentation tubing factory in Mehsana

The Mehsana manufacturing facility has been successively expanded and modernized in recent years to increase availability of high quality seamless stainless steel and high alloy tubes as well as to strengthen service in the region.Read more

SCHUNK develops quick change pallet system for AM applications

The module can also be used for works in an inert gas atmosphere and it can be operated with this gas. The VERO-S NSE AM mini 78-20 can be fully integrated into the machine table and can be combined with further modules.Read more

HARTING joins MIT’s Industrial Liaison Program

This participation will support company endevours to offer better solutions to their partners worldwide.Read more

Budget 2021-22: On reform and rationalisation path

Fiscal deficit in RE 2020-21 is pegged at 9.5% of GDP, while fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP. Intends to reach a fiscal deficit level below 4.5% of GDP by 2025-2026 with a fairly steady decline over the period.Read more

Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs

To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read more

Budget 2021 to boost public transport; Railways to spend Rs 1.07 trn in capex

The government plans to deploy two new technologies i.e. MetroLite and MetroNeo to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities. 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

India’s GDP to grow 11% in 2021-22: Economic Survey

V-Shaped economic recovery to be driven by mega vaccination drive, robust recovery in the services sector, robust growth in consumption and investment. Agriculture to clock 3.4% growth in 2020-21, while industry and services to contract by 9.6% and 8.8% respectively.Read more

TATA-Indian Institute Skills to provide training on factory automation

With automation gaining traction, skills will be a crucial differentiator. Automation and robotics are relatively new age tech and this endeavour will add more strength to the adaption and development of new technologies.Read more

Stainless steel industry seeks to reduce import duty on key raw materials

This move is expected to catalyse Make in India and also will spur the domestic market. Read more

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