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PLI scheme to benefit Indian MSMEs: PM Narendra Modi

Production worth about $ 520 billion is estimated in the next five years in India only through the Production-Linked Incentives (PLI) scheme with the entire ecosystem associated with the sector benefiting from the scheme, said the Prime MinisterRead more

Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs

To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read more

Government caps MEIS benefits to Rs 2 crores

The government has announced discontinuation of MEIS as a new WTO-compliant scheme, the Remission of Duties or Taxes On Export Product (RoDTEP) which will replace starting 1 January, 2021. Read more

Govt’s economic package to benefit machine tool industry: IMTMA

The momentum set by this economic package will help industries to pick themselves up from the economic slowdown and coronavirus outbreak that they were battling with, says Indradev Babu, President, IMTMARead more

Sudden boom in automotive surface treatment industry to benefit India

Recent reports have revealed that there’s an unexpected growth to be seen in the automotive surface treatment in the coming years. Read more

EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20

To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more

“Lack of benefits of cleanliness should be highlighted in corporates”

Diversey India Hygiene Private Limited is a multi-national company manufacturing and supplying cleanliness products and has an experience of 95+ years in the industry. Read more

Reaping the benefits of Industry 4.0 in foundry industry

Industry 4.0 will act as a boon for industries functioning in highly competitive environment.Read more

Rs 300 million debt from SBI to Aye Finance will benefit the MSME sector

Aye Finance, one of the upcoming money lenders of Micro, Small and Medium Enterprises (MSME) has raised Rs 300 million from SBI recently. The startup will be focussing to offer an affordable line of credit to the micro and small enterprises.Read more

ABB AbilityTM knowledge manager delivers the benefits of digital to mining and cement operations

ABB announced today the latest version of its well-established Knowledge Manager software, which has helped mining and cement customers around the world improve the performance of their operations and equipment and the safety of their on-site personnel for decades. Read more

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