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Indian Railways offers big opportunity for suppliers with Rs.2.65 trn capex
With Rs. 2.65 trillion capex in 2024-25, Indian railway sector presents a big opportunity for suppliers because of Vande Bharat, rising wagon demands (due to dedicated freight corridors), investments in high-speed trains & tracks, etc, says Rakesh Rao.Read more
Budget FY25 Decoded!
With emphasis on infrastructure, skill development, MSMEs, and manufacturing, the FY25 budget aims to drive India’s manufacturing-led expansion and exports. However, there are some missed opportunities as well. SME deciphers the short and long term impact of the budget with industry experts.Read more
Lazard report suggests India is on track on becoming a global manufacturing hub
Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more
Budget 2024 to boost India’s manufacturing industry
The Budget has strategically prioritised the manufacturing sector along with the infrastructure, employment and skilling development. Read more
Government to develop parks and dormitories near manufacturing clusters
Twelve industrial parks under the National Industrial Corridor Development Programme will also be sanctioned, with significant progress already in Uttar Pradesh and Tamil Nadu. Read more
Will Budget 2024-25 benefit the manufacturing industry?
The manufacturing sector is crucial for job creation, export growth, and overall economic development. Read more
Seven key announcements for MSMEs in Budget 2024
These budgetary measures are pivotal in ensuring the long-term prosperity of MSMEs in India.Read more
Union Budget bolsters the manufacturing industry and MSMEs
MSMEs contributed 35.4% to all-India manufacturing output in FY 22, and MSME-made products accounted for 45.7% of exports in FY 24.Read more
Budget 2024-25: Analysis of Budget impact on MSMEs
The budget places special attention on MSMEs and labour-intensive manufacturing, introducing a new assessment model for MSME credit by public sector banks based on digital footprints rather than only on assets and turnover criteria. Read more
Budget 2024-25: A focus on skill development
These will be based on enrolment in the EPFO, and focus on recognition of first-time employees, and support to employees and employers. Read more