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TReDS platforms thrive: Boosting MSMEs with rapid growth, innovation
The Trade Receivables Discounting System (TReDS) introduced by the RBI to alleviate liquidity challenges faced by MSMEs, operates as an electronic platform facilitating the financing and discounting of trade receivables for these businesses.Read more
Welspun's Sintex invests Rs 350 cr in Telangana, creating 1,000 jobs
The foundation stone for the new plant, situated in Chandanvelly, Rangareddy district, was laid by Telangana Industries Minister KT Rama Rao and Welspun Group Chairman BK Goenka on September 28.Read more
India, powering future mobility through advanced battery manufacturing
A recent report from the credit rating agency ICRA predicts a substantial influx of electric vehicles that will trigger investments in cell manufacturing, a pivotal component in the EV ecosystem.Read more
G20 commits to boost MSME Sector: Eased regulations, access to capital
The New Delhi Declaration, adopted recently, recognises startups and Micro, Small, and Medium Enterprises (MSMEs) as natural drivers of growth, essential for driving innovation and employment.Read more
Himachal Pradesh enforces 80% local workforce rule in industries
Himachal Pradesh's industry minister, Harshwardhan Chauhan, declared that industrial units failing to comply with the government's directive of having 80% local workforce will be denied incentives.Read more
UP emerges as defence manufacturing hub with BrahMos production in Lucknow
Lucknow chosen as the manufacturing site in the Sarojininagar area. Chief Minister Yogi Adityanath expressed his enthusiasm, stating, “Ab Lucknow muskaraega bhi aur dahaadega bhi” (Lucknow will now smile as well as roar).Read more
MSME’s vital role under spotlight at inaugural of Shipping & Logistics Conference
Mercy Epao, the Joint Secretary (SME) of MSME emphasised the significance of MSMEs, with over 6.35 crore enterprises in India, primarily constituting micro enterprises, which account for over 95% of the sector.Read more
Petronas nears $1.6 bn stake deal in India's AM Green
The negotiations between Petronas and AM Green are at an advanced stage, valuing AM Green at $6 billionRead more
India's KABIL nears lithium deals in Argentina, bolstering strategic mineral reserves
India is on the verge of finalising agreements for five lithium blocks in Argentina, with an official from the Mines Ministry revealing that the deal is likely to be signed within the next few days.Read more
Volvo Group sales surged by 54% in the previous fiscal year
Volvo Group’s Sofia Frandberg, expressed strong confidence in India's potential for significant growth over the next decade.Read more