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CRISIL: PLI scheme to lead to capex of Rs 2.5-3 trn
Production Linked Incentive (PLI) scheme has been announced for 15 sectors, involving government incentives to the tune Rs 1.93 trillion. The nine sectors have an export potential of Rs 11 trillion.Read more
3i EXPO Webinar: Industry 4.0 for Manufacturing Sustainably
The second panel discussion of 3i EXPO webinar series discussed ways to use Industry 4.0 and automation to reduce carbon footprint and achieve the Sustainable Development Goals.Read more
Widia introduces the next generation in versatile end milling
WIDIA has launched the WCE solid end milling platform, delivering affordable performance and reliability for small to medium machine shops.Read more
Aatmanirbharta energising capital goods manufacturing
India’s electrical equipment industry has witnessed significant growth in the last few years. Raised government spending on rural and household electrification schemes and programs will drive the demand for power generation, transmission, distribution and related equipment in India, writes Arun Mote.Read more
We will add power generation boilers in our product line
The demand for Radiant Thermal Engineers’ products is at an all-time high with generation and better distribution of energy becoming a matter of prime importance today. Here, Kamlesh Rathore and Sanjay Sharma, Directors of Radiant Thermal Engineers, provide insights into their company and the road ahead.Read more
Budget 2022 - Customs duties rejigged to promote Make in India & exports
Concessional rates on capital goods to be gradually phased out and attract a moderate tariff of 7.5%. More than 350 entries to be phased out from customs duty exemption to promote Make in India and Aatmanirbhar Bharat. Graded duty rate structure to boost domestic electronics manufacturingRead more
Volatile commodity prices posing challenges to economic recovery: Ind-Ra
The sustained pace of rising commodity prices is likely to pose challenges for the financial market, by way of abrupt volatility in key commodity prices such as crude oil, says India Ratings and Research (Ind-Ra) report.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more
Govt extends Credit Guarantee Scheme for Subordinate Debt till March 2022
The scheme - launched on June 24, 2020 to provide credit facility through lending institutions to the promoters of stressed MSMEs - was to end on September 30, 2021. Read more
Madhya Pradesh: The heart of India
Located centrally, Madhya Pradesh is a beneficiary of mega infrastructure projects, with both North-South and East-West corridor crossing the state. There has been a rapid increase in industrial investment in Madhya Pradesh in the recent months and the state expects to sustain the growth momentum in the future.Read more