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Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs

The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more

Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23

The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more

Economic Survey: Indian economy is poised for faster growth in the coming decade

Considering the evolving geo-political situation, the Survey notes that India has an opportunity to benefit from the diversification of global supply chains.Read more

Union Cabinet gives nod to India's National Logistics Policy

The policy aims to reduce logistics costs and help in increasing India's share in the global trade. Policy to ensure technologically-enabled, integrated, cost-efficient, resilient and sustainable logistics ecosystem for accelerated and inclusive growth.Read more

Hitachi Energy opens power quality products manufacturing unit in Bengaluru

The new manufacturing facility doubles the existing capacity to produce advanced capacitor units, banks and power electronic compensators for low, medium and high-voltage systems, which are used in the power utilities, industries, renewables and transportation segments.Read more

K U Sodalamuthu receives award from Engineering Export Promotion Council

K S Balamurugan, MD of K U Sodalamuthu, received the award from Basavaraj Bommai, Karnataka Chief Minister, at a recently held function in Bengaluru.Read more

3i EXPO: Automation extravaganza to begin on May 20

The 3-in-1 event - comprising Exhibition, Conference and IPF Industry Excellence Awards - will discuss innovative approaches and strategies for the adoption of modern manufacturing technologies including Industry 4.0. Be there to learn and lead. Read more

All set to scale new heights

India’s merchandise exports crossed $ 400 billion (approximately Rs 30.44 trillion) on March 21, 2022 (10 days ahead of the closure of FY2021-22), according to Piyush Goyal, Union Minister of Commerce and Industry.Read more

PLI scheme helps auto part makers ride the EV boom

A slew of policy measures - PLI schemes (for auto OEM & auto component), extension FAME 2, etc - in the recent past will create more opportunities in electric vehicle space. Auto component players seem to be all geared up for a new paradigm in the market, says Rakesh Rao.Read more

ELECRAMA 2023 to start from Feb 18 at Greater Noida

ELECRAMA 2023 - organised by IEEMA - aims to secure $6 billion worth of business queries. It will be heavily based in showcasing innovation and future technologies in many areas including storage, green hydrogen, fuel cells, AI, and IoT.Read more

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