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US tariff: India working on export promotion mission for targeted sectors

The mission will roll out tailor-made schemes for the worst-hit sectors — textiles and chemicals — featuring export incentives, easier access to credit, and faster operational clearances, says Krishan Arora, Partner, Grant Thornton Bharat.Read more

US Slaps 25% more Tariff on India; Exports to bear the brunt of 50% duties

The US has imposed a 50% tariff on Indian imports as a penalty for buying Russian oil, hitting key sectors like textiles, gems, and leather. China and others are not affected.Read more

Economic Survey expects India’s industrial sector to grow by 6.2% in FY25

Consumer-focused sectors like automobiles, electronics, and pharmaceuticals have emerged as growth drivers. Domestic production of electronic goods shows remarkable growth of CAGR of 17.5 per cent from FY15 to FY24.Read more

Trump victory raises optimism in India's chemicals, textiles sectors

According to Chemexcil, India’s chemical exports to the U.S. reached $2.86 billion in 2023-24, though this marked a 26% decrease from the previous year.Read more

On a fast-track growth

On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more

Altem Technologies wins SME Empowering India Award 2024

The award was presented to the company by Giriraj Singh, Union Minister of Textiles, at the award ceremony held at Eros Hotel, New Delhi.Read more

FDI in manufacturing reaches $165 billion; 69% growth over last decade

This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more

Indian manufacturing sector sentiments improved for Q1 24-25: FICCI

The survey reveals that 78% of respondents anticipate higher or stable production levels, up from 57% in the previous year.Read more

Decarbonising seven key MSME sectors could save Rs 370 million yearly

The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP).Read more

Textile-leather industry hopes for revised inverted duty structure in new Budget

An inverted duty structure discourages domestic manufacturing by imposing higher import duties on raw materials and intermediate goods compared to finished products. Read more

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