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Indian MCE industry reports 5% Y-o-Y growth in Q1 FY2025: ICRA

Road construction drives 35-45% of MCE sales in India followed by mining (20-30% share), real estate (10-20%), and othersRead more

Policy push and new technologies to drive electrical vehicles sales in India

Though the electric vehicle (EV) penetration in India is only 6.8 per cent (in FY24), the growth opportunity in the EV sector is only going to go up in the future driven by shifting consumer preferences, strong governmental support and technological progress, says Rakesh Rao.Read more

Govt reopens application window for PLI scheme for AC & LED light manufacturing

This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more

TDF schemes to encourage 'Aatmanirbharta' in public & private defence industries

So far, 77 projects have been sanctioned to various industries, with a commitment of over Rs 3 billion.Read more

The MoRD and MoMSME join hands to empower Lakhpati Didis through several schemes

The SoI will strengthen the partnership between the two ministries to support and elevate SHG Didis in entrepreneurship, leveraging MoMSME's flagship initiatives such as Yeshaswini- Apna Udyam, Apni Pehchaan, Udyam Assist, etc.Read more

60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities

The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more

Interest subsidy scheme for exporters extended 2 months for MSME sector

The two-month continuation of the scheme for the MSME sector comes with an outlay cap of Rs 7.5 billion, while all other terms and conditions remain the same.Read more

Under PLI scheme at least six of eight sectors to switch to quarterly disbursals

DPIIT is planning to hold the next stakeholder review after the budget announcement for 2024-25.Read more

How to build India’s global manufacturing capabilities?

The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.Read more

Manufacturing Agenda for Modi 3.0

As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?Read more

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