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Warburg Pincus acquires majority stake in Imperial Auto

Stone Plant Investments B.V., an affiliate of Warburg Pincus (a leading global private equity firm), has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. EY acted as the sole financial advisor to Imperial.Read more

PLI scheme to account for 13-15% capex in key sectors

Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 lakh crore, says CRISIL report.Read more

Rajesh Bhandari: Machine tool industry to diversify into other sectors

New market avenues have opened up such as aerospace and defence. Read more

CRISIL: Lower oxygen supplies to impact SMEs in key five sectors

These 5 sectors - metal fabrication, automotive components, shipbreaking, paper, and engineering - typically do not have captive oxygen plants and source their need through merchant suppliers for operations such as welding, cutting, cleaning and chemical processes, says CRISILRead more

Time to invest and build capacity

As per the data released recently, the manufacturing and construction sectors grew by 1.6 per cent and 7.7 per cent, respectively, during the December quarter. However, core sector data showed growth in eight infrastructure sectors slowing down to 0.1 per cent in January from 0.2 per cent in the previous month.Read more

India-Japan govt. partner to grant easy passage to skilled Indian workers from 14 sectors

This Memorandum of Cooperation MOC aims to foster mobility of workers and skilled professionals from India to Japan. Read more

Schmersal India decides to move towards railway and defence

While industries are battling to equalise their business to pre-Covid levels, companies are working out strategy to open more avenues to expand their business. In this Video Interaction with Pushkar Oak, Sagar Bhosale, MD, Schmersal India delves into safety gaining prominence in switchgears using new age technologies and Schmersal’s coping mechanism to sustain Covid impact.Read more

FIEO welcomes govt. approval on PLI Scheme to attract FDI

Apart from boosting MSME sector, the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times.Read more

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

Incentivise manufacturing services in SEZs to boost exports

About 90% of the manufacturing units in global supply chain are manufacturing service providers. Manufacturing services can be incentivised by providing them with SEIS benefits as they are WTO compliant, says Tamil Nadu Association of SEZ Infrastructure DevelopersRead more

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