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India’s merchandise exports cross $400 bn; Engg goods exports up 50%
Export of cotton yarn/fabrics/made-ups, handloom products etc, gems and jewellery, other cereals and man-made yarn/fabrics./made-up etc. have registered a growth rate between 50%-60%.Read more
Vedanta and Foxconn ink pact for manufacturing semiconductors in India
Vedanta Group and Hon Hai Technology Group, world’s largest electronics manufacturing company, has signed an MoU to form a joint venture company that will manufacture semiconductors in India.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
Govt to set up Rs 200-cr MSME Technology Centre in Sindhudurg
The MSME-Technology Centre will provide the best of technology, incubation as well as advisory support to the industry, especially MSMEs, to enhance their competitiveness Read more
Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23
In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.Read more
Tata Motors to set up vehicle scrapping facility in Maharashtra
Tata Motors, India’s largest commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, through the Industries, Energy and Labour Department, Government of Maharashtra, with an intent to support setting up a Registered Vehicle Scrapping Facility (RVSF) in Maharashtra. Read more
HPL Electric launches 3 switchgear products at Renewable Energy India Expo
Three new switchgear products - DC Switch Disconnector up to 1500V DC and 800V AC in 2 3 & 4 Pole configurations - were unveiled by Bhagwanth Khuba, Minister of State, New and Renewable Energy, Chemicals and Fertilizers, Government of India Read more
Danfoss inaugurates Centre of Excellence for green refrigerants in Chennai
Dan Jørgensen, Minister for Climate, Energy and Utilities, Denmark, inaugurated the facility. It will provide sustainable cooling for all and help in the green transformation of India’s Cold Chain sector.Read more
Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave
FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more
MoPNG signs MoU to set up Compressed Bio Gas plants
This will provide major fillip to the SATAT initiative and help India leap ahead towards a greener tomorrow.Read more