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Budget 24-25: Customs duty reforms will help manufacturing and promote exports
New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more
Budget 24-25: 12 ‘plug & play’ industrial parks to be created under NICDP
The Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. Read more
Tata Motors releases India’s first SUV Coupé; Tata Curvv
Launching on August 7, the Curvv will follow Tata Motors’ strategy and will be first available in its EV version followed by its ICE counterpart.Read more
MSMEs' contribution to the GDP
As on 16.07.2024, the total employment reported by the MSMEs on the Udyam Registration Portal (since 01.07.2020 to 16.07.2024) is 203.9 million(including informal micro enterprises registered on Udyam Assist Platform).Read more
DDP launches 5th positive indigenisation list of 346 defence items
DPSUs such as Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Bharat Dynamics Limited (BDL) will lead the indigenisation of these items through various routes, including the 'Make' procedure and in-house development, involving industry players and MSMEs.Read more
Carl Zeiss to invest Rs 25 billion in Indian lens manufacturing plant
Carl Zeiss reported Rs 18 billion in business from India last year.Read more
Shinryo Corporation to acquire 85% stake in GMP Technical Solutions
The stake will be acquired from Pune-based engineering and real estate firm Vascon Engineers Ltd.Read more
DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
Dixon Tech buys 56% stake in manufacturing service provider Ismartu India
Dixon Technologies is known for its EMS offerings across various segments, including lighting solutions, televisions, washing machines, security systems, wearables, and hearables.Read more
Imperial Auto Industries Ltd buys German metal manufacturer Biebighäuser
Biebighäuser manufactures and supplies components to the largest European OEMs including Volkswagen, BMW and Mercedes. Read more