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MSMEs encouraged to utilise NSIC raw material schemes

The NSIC is also exploring collaborations with the Commodity Exchange to enhance benefits for MSMEs and is sourcing tools from MSMEs for the PM Vishwakarma scheme kits distributed to artisans.Read more

Government to launch FAME III scheme within two months

Domestic sales for three-wheelers reached 59,073 units in July 2024, marking a 5.1% year-on-year increase, while two-wheeler sales surged to 1.44 million units, reflecting a 12.5% growth. Read more

Over 1,300 units operational under PLI scheme; to generate jobs

Preliminary calculations suggest that the production of Rs 10 trillion under the PLI scheme should translate to incentives worth Rs 500 billion.Read more

Cooper Corp sees big opportunities in aerospace & defence sector: Farrokh Cooper

In this interaction with Rakesh Rao, Farrokh Cooper, CMD of Cooper Corporation Pvt Ltd, highlights challenges and opportunities before the Indian manufacturing sector, and the company's plans to tap emerging trends in the industryRead more

Vivad Se Vishwas, 2024: Resolving tax disputes

VSVS 2024 has been launched for settling the disputed tax, interest, penalty and prosecution pending as on 22 July 2024 under the Income-tax laws after payment of certain normative amount determined under the VSVS 2024. Read more

Inter-ministerial group to develop credit guarantee scheme for MSMEs

The MSME ministry will present the scheme to the Expenditure Finance Committee for approval following a series of consultations with stakeholders.Read more

New scheme to strengthen India’s medical device industry to launch soon

Additionally, the Union Cabinet's approval of the National Medical Devices Policy last April is expected to further drive growth in the sector.Read more

Government schemes to propel domestic EV manufacturing

The adoption of electric vehicles in India has surged, particularly in the two-wheeler and three-wheeler segments, following the government's decision to extend the EMPS subsidy until September 30. Read more

Cabinet approves Vigyan Dhara scheme to boost bio-manufacturing in India

The policy aims to enhance regenerative bio-economy models, promote green growth, and expand India's skilled workforce, thereby boosting job creation.Read more

MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035

Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more

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