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India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.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

Tata Motors inks MoU for setting up vehicle scrapping facility in Maharashtra

The proposed scrappage centre will have the capacity of recycling up to 35,000 vehicles a year for end-of-life passenger and commercial vehicles.Read more

MSME Ministry launches SCLCS scheme for services sector for tech upgradation

The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more

Altair & IIT-Madras collaborates to add Shakti Processor to support Altair Embed

The Shakti processor, India’s first indigenous RISC-V processor, is the result of an initiative backed by the Ministry of Electronics and Information Technology, Government of India, and Pratap Subrahmanyam Centre for Digital Intelligence and Secure Hardware Architecture to promote indigenous development.Read more

RoDTEP rates for export promotion scheme expected to be notified soon

The remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are expected to be announced in ten days.Read more

PLI scheme to place India firmly in the global manufacturing value chain

PHD Chamber of Commerce and Industry recently held a Virtual Open House Session on the Implications of Production Linked Incentive (PLI) Scheme on India’s Manufacturing and Trade Competitiveness. Read more

BPCL conducts Webinar to create awareness on adopting biofuels

The webinar asked people to come forward to set up biofuel production plants and be assured about marketing of biofuels by oil marketing companies.Read more

Indian exports went up by 58.23 per cent, the highest ever in a month

Key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month. Read more

Government designs a ‘Four Point Plan’ to deal with Suez Canal Blockage

Blockage of Suez Canal since March 23, 2021 is seriously hitting the global trade. This route is used for Indian exports/imports worth US $ 200 Bn to/from North America, South America and Europe. Read more

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