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Indian Govt to offer Rs 760 bn incentives for semiconductor industry
In total, Government of India has committed support of Rs 2.30 trillion ($ 30 billion) to position India as global hub for electronics manufacturing with semiconductors as the foundational building block.Read more
Syrma SGS Technology receives MeitY award
The Ministry of Electronics and Information Technology (MeitY) recognised Syrma SGS Technology Limited with an appreciation award for its outstanding contribution in IoT products manufacturing in IndiaRead more
VDMA’s Robotomation highlights potential of robotic automation in India
The gradual integration of robotics and automation in the manufacturing sector in India has begun, transforming the nature of roles and functions in its wake.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
Schaeffler India opens Large Size Bearings Refurbishing Center in Jamshedpur
Strategically located in Eastern part of country, the facility is in partnership with Premier Bearings India Ltd, a leading authorised distribution partner for Schaeffler India.Read more
ABB provides solutions to world’s longest conveyor systems
JSW leverages ABB’s technical expertise to set up a 24 km long conveyor system saving nearly 3000 road trips, reducing carbon emissions significantly. Read more
Schaeffler appoints Alfred Lee as President Industrial Asia Pacific
The role will see Alfred spearhead the company’s growth across various industrial sectors in the Asia Pacific region, including two-wheelers, off-road, rail, aerospace, raw materials, industrial automation, power transmission, and wind.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more
UNITED GRINDING Partners with TITANS of CNC for manufacturing education
The partnership includes the development of a grinding academy, designed to teach individuals new to the industry the basics of grinding in an easily digestible, digital format.Read more
Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022
The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more