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Indian Railways to invest Rs 1 tn in new trains, aiming to eradicate waiting lists by 2030

Ashwini Vaishnaw emphasised the need to replace aging rolling stock, estimating a requirement of 7,000-8,000 new train sets. The procurement process for these sets is expected to span the next four to five years.Read more

MSMEs Minister Anbarasan urges banks and insurers to aid Cyclone-Hit SMEs

According to a statement released by the state government, the minister also instructed insurance companies to promptly settle claims filed by businesses for damages to their machinery, raw materials, and finished products.Read more

CGTMSE empowers 79.5 lakh MSEs with Rs 5.33 tn, govt boosts MSME R&D initiatives

Maharashtra received the highest amount at Rs 62,807 crore, followed by Uttar Pradesh at Rs 52,998 crore, Karnataka at Rs 43,120 crore, Tamil Nadu at Rs 42,270 crore, and Gujarat at Rs 42,162 crore, among others.Read more

Google strategically invests in India's MSME market, digital transformation initiatives

Acknowledging the challenge of limited credit access hindering MSME growth in India, Sanjay Gupta highlighted the country's underdeveloped MSME sector, contributing only 28 to 29% of GDP compared to 55 to 60% in the US and China.Read more

Coimbatore secures Rs 7,814 cr investments as industries minister seals MOUs

More than 210 companies have expressed interest in investing approximately Rs 6,573 crore in Coimbatore in the upcoming years.Read more

New York state invests $10 bn in semiconductor research facility

The project, overseen by the nonprofit NY Creates, will take place at the Albany NanoTech Complex and will involve the acquisition of advanced chip-making equipment from the Dutch company ASML Holding.Read more

Turkey tightens grip on Chinese EV imports with stringent regulations

The Turkish Trade Ministry recently issued a decree stating that companies importing electric vehicles (EVs) must have a minimum of 140 authorised service stations evenly distributed across the country.Read more

BCIC advocates manufacturing growth for India's export ambitions

Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more

India expands global partnerships for critical minerals acquisition: Pralhad Joshi

Notably, Argentina, possessing the world's third-largest lithium reserves, and Australia, a major producer of potash and lithium, are key targets for these efforts.Read more

McKinsey Director urges urbanisation and productivity revolution by 2047

Chris Bradley points out a demographic contrast with China, foreseeing a decline in China's workforce due to aging, while India is expected to witness an increase of at least 220 million workers through farm migration.Read more

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