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Auto industry: Localisation movement needs government support

While there has been huge pressure on automakers and even component suppliers to manufacture fuel efficient vehicles and additionally meet the new challenges of the changing regulations for ICE vehicles, industry is hoping for a support from the government. On one hand it is developing EV ecosystem and on the other the industry meeting new regulatory challenges that government is imposing based on the Paris Pact. Import bans are another issue for component supplies. This makes it mandatory for IRead more

Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs

By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more

Welcome to IIEF 2021: The industry extravaganza

From January 1, 2021, nearly every major automobile company in India has announced a price hike due to an increase in various input costsRead more

Stainless steel industry seeks to reduce import duty on key raw materials

This move is expected to catalyse Make in India and also will spur the domestic market. Read more

High steel prices hammering growth of Indian forging industry: AIFI

Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

IPF Buyer-Seller Summit: Fulfilling Make in India goals

The virtual Summit - which saw participations from Defence Investor Sell (MoD), SAIL, Hindustan Aeronautics Ltd, Godrej & Boyce and Vedanta Aluminium - enlightened vendors about procurement strategies of big buyers and help MSMEs be part of their supply-chain.Read more

Dalmia-OCL launches refractory line for Magnesia Carbon to reduce imports

Magnesia Carbon brick is widely consumed by the steel industry and most of the current demand (about 300,000 tonne annually) is met through imports. Dalmia-OCL is putting up new capacity of 108,000 tonne for Magnesia Carbon brick in 3 phases.Read more

Indian Steel Association submits representations to RODTEP Committee

The issues and concerns raised by ISA were well taken and a timeline of 4 weeks was also allowed for collection and collation of the data for the members. Read more

SLR Metaliks invest Rs 60-70 crore to raise alloy steel manufacturing capacity

Despite COVID 19, the company - one of the leading suppliers of alloy steel to automotive and other industries - has increased the capacity from 0.3 million tonne to 0.4 million tonnes. While SLR Metaliks is pinning hopes on automotive industry’s revival, it is also holding talks with DRDO for suppling alloy steelRead more

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