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Scrappage Policy proposes setting up of PPP-based registered scrapping centres

The Scrappage Policy announcement is in-line with the government vision to make scrap recycling an organised sector. Ministry of Mines has recently issued National Non-Ferrous Metal Scrap Recycling Framework, 2020 covering key non-ferrous metals like Aluminium, Copper, Zinc and Lead. The framework has been released with an objective to promote formal and well-organised recycling ecosystem, quite similar to the Scrappage Policy.Read more

Nitin Gadkari: Government committed to promote renewable energy for MSME Sector

The Government has set an ambitious target for renewable energy and in particular, solar power generation, for this decade. The target for renewable energy installation is 450 GW by year 2030.Read more

Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEs”

The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more

Ramp up R&D to reduce auto component imports: Amitabh Kant

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more

VVDN Technologies opens electronic manufacturing facility in Haryana

Union Minister Nitin Gadkari inaugurated the company’s new Global Innovation Park (GIP), which will employ 10,000 people over one year. VVDN will make a wide range of products like 5G Equipment, Trackers, Dash cams, Cameras, Wi-Fi Access Points, etc.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

Govt amends interest subvention scheme for MSMEs to give fillip to the sector

The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways, Nitin Gadkari has approved the changes in the Interest Subvention Scheme for MSMEs, in a meeting held to review the functioning of the scheme.Read more

Govt approves changes in interest subvention scheme for MSMEs to give fillip to the sector

Post changes, MSME units eligible for GST can now avail the benefits of the scheme with just their GST number (GSTN)Read more

Oriental Structural Engineers wins Gold at MoRTH Annual Awards

OSE won awards under both categories of construction and management of the Eastern Peripheral Expressway (Package-5).Read more

ACMA’s annual session mulls over the future of Indian auto component industry

The auto component association also released a study, conducted by McKinsey & Co, on the theme of “Auto component industry in India: Preparing for the future” on the occasionRead more

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