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Budget 2021's focus on economic revival to increase demand for automobiles

While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more

FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion

In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more

Chemicals industry is at inflection point of incredible opportunity: Rahul Tikoo

Highlighting his expectations from budget 2021, Rahul Tikoo, MD – India Sub-continent & Polyurethanes South Asia Business, Huntsman Corporation, says, economic growth and changing consumer preferences will unfold new avenues for growth for the Indian chemical sector.Read more

Need to increase India’s manufacturing competitiveness: Alok Kirloskar

Alok Kirloskar, Director of Kirloskar Brothers Limited (KBL), expects the Budget 2021 to focus on fast-tracking initiatives, policy changes and incentive packages that will help enhance the share of manufacturing in the economy.Read more

With increased voltage igus chainflex bus cable saves costs

The cables with the same voltage level can be laid directly next to each other. It is now no longer necessary to separate the cables and that can reduce the size of the chain and cut down on the installation work required for separators.Read more

Continental to expand truck tyre manufacturing capacity at Modipuram plant

The expansion will include an increased product range for 20” and 22.5” truck tyres. The plant will see consistent growth with the fourth planned expansion in the truck tyres production facility to cater to domestic and export marketsRead more

Danish firm Danfoss expands production in India, to increase localisation

Since the company began its independent operations in India, Danfoss India has quadrupled its localisation efforts in terms of production and supply chain capabilities and plans to take up the localisation level to 90 per cent by 2022.Read more

COVID will lead to increase in mechanisation of material handling: Anil Lingayat

In this interview with Rakesh Rao, Anil Lingayat, Executive VP & Business Head of Godrej Material Handling explains how warehouse operations are growing in scale and complexity resulting in the need of modern MHE technologies.Read more

Ministry suggest increase in credit guarantee for MSMEs to Rs 5000 bn

MSME Minister Nitin Gadkari urge industry to look upon the present crisis as opportunity especially as some countries are looking to move away their investments from China.Read more

Siemens acquires C&S Electric for Rs 2100 cr to meet increasing electrification

In order to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd. has signed an agreement to acquire New Delhi-based C&S Electric Limited.Read more

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