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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
Getac’s launches 5G-Compatible B360 laptop for manufacturing & defence sectors
B360 runs on the 10th Generation Intel Core Processor, making it the fastest fully rugged laptop on the market, capable of running large numbers of applications simultaneously Read more
Finolex Cables reports Rs 123.1 crore profits despite slowdown
Net sales for quarter ended September 30, 2019 stood at Rs 715.7 crore, against Rs 714.0 crore in September 2018Read more
“Automation and aerospace are growing sectors for NTNâ€Â
The Japanese firm NTN is one of the world’s leading manufacturers of bearings for industries like automobile, steel, power, cement, aerospace, railways, etc.Read more