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Technology will drive the manufacturing sector of tomorrow
Indian industries have always been the late adopters of technologies. However, if India aims to become a manufacturing hub of the world, it will have to embrace advanced technologies and systems. This, Vikas Khanvelkar, Managing Director of DesignTech Systems Ltd, believes will increase the country’s efficiency, productivity and cost effectiveness.Read more
DIPP seeks industry inputs to increase local content in govt procurement
FICCI to submit the list of products that industry supplies to Government/PSUs along with the major raw materials/inputs/components/sub-assemblies of each of these supplied products Read more
Government to improve working and living conditions of unorganised workforce
Minister of State for Labour and Employment (Independent Charge), Santosh Kumar Gangwar, said recently that the government was working on a policy to improve the working and living conditions of the 400 million labour force in the unorganised sector.Read more
Industry Chambers must become a two-way channel between industry and government: FICCI President Rashesh Shah
FICCI President Rashesh Shah said recently at a National Executive Committee meeting held in Chennai, that, Industry Chambers' role must change now from just a one-way channel for facilitating the industry's needs through government to also ensuring that the government and people's expectations and needs are also translated into reality.Read more
Government's credit guarantee to reach Rs 500 billion under CGTMSE for FY19
With a view to allay the trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government has planned to more than double the credit guarantee up to Rs 500 billion for 2018-19 under the Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE) schemeRead more
Civil Aviation Ministry trying to put in place financing structure
Civil Aviation Ministry trying to put in place financing structureRead more
National foreign trade directory released by MSME ministry
Giriraj Singh, Minister of State (independent Charge) for Micro, Small & Medium Enterprises(MSME), Government of India & MSME Secretary, Dr. Arun Kumar Panda, released a directory to facilitate the exporters during the recently concluded International SME Convention - 2018Read more
Government announces creation of a dedicated defence and aerospace SME fund
Secretary, Department of Defence Production, MoD, Dr. Ajay Kumar announced recently the creation of a dedicated defence and aerospace SME fund, registered with SEBI where minority stake could be taken by investors.Read more
Opportunities far outweigh the challenges in India
From building India’s first integrated steel plant to designing its fighter plane Marut, Germany has played a big role in industrialisation and the development of manufacturing sector in India.Read more
Inefficient logistics impacting competitiveness of Indian products
Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more