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Will revised MSME classification solve their funding puzzle?
Only 14 per cent of credit needs of Micro, Small and Medium Enterprises (MSMEs) - the backbone of India's economy - are met through formal channels. The revised MSME classification may mark a pivotal shift in how India supports and enables its small business ecosystem, says Rakesh RaoRead more
MSMEs in 2024: Key policy announcements that shaped the sector
Companies with turnover above Rs 2.5 billion and all central public sector enterprises (CPSEs) were required to join the TReDS platform by March 2025 to enhance payment cycles.Read more
US-Based GS Precision & Jeh Aerospace to make aero-engine parts in Hyderabad
This partnership also capitalises on India's robust talent pool and reinforces the concept of ‘friendshoring’ critical components within the United States aerospace industry.Read more
Jeh aerospace unveils aerospace manufacturing hub in Hyderabad
Spanning an impressive 160,000 square feet, this facility is geared towards providing advanced manufacturing solutions to the aerospace and defence sector.Read more
India's safety sector surges to fuel $17.86 billion global market by 2030
Anticipating this upward trajectory, Bata India Ltd established its Industrial division seven years ago to manufacture top-notch footwear for industrial workers.Read more
Indian cold chain market expected to reach Rs 4.3 tn by 2027 with a CAGR of 14.27%
The data revealed during REFCOLD India, 2023, South Asia's leading exhibition and conference dedicated to refrigeration and cold-chain technologies, commenced at the Chennai Trade Centre.Read more
The Battery Show India 2023 sparks India's $150 bn energy revolution
India's battery market is set for substantial growth, with a projected 260 GW annually, worth $15 billion. On its own steam, TBSI is estimated to attract over 200 brands, 8000 trade visitors and 50 speakers at the event.Read more
Amara Raja Batteries’ EV battery receives safety certificate
Amara Raja Batteries Ltd, India’s leading industrial and automotive battery major, has cleared the AIS-156 Amendment 3, Phase 2 and received the ARAI certification for its EV batteries and off-board chargers.Read more
MUDRA Yojana helps generate 1.12 cr additional employment between 2015 to 2018
The loans are given for income generating activities in manufacturing, trading and services sectors and for activities allied to agriculture.Read more
German firm thyssenkrupp opens new engineering office in Pune
The new office of thyssenkrupp Industrial Solutions India - one of the leading engineering companies in India for chemical plants and projects - accommodate approximately 350 engineersRead more