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Steel Industry urges govt action to stem rising imports in interim budget

The steel ministry is reportedly assessing the feasibility of implementing World Trade Organization (WTO)-compliant policy measures if steel dumping is identified, primarily from China and select Southeast Asian countries.Read more

India extends auto PLI Scheme, boosts budget to Rs 25,938 Crore

The PLI scheme provides financial incentives to promote investments in the automotive manufacturing sector and enhance domestic production of Advanced Automotive Technology (AAT) products.Read more

CPSE Capital Expenditure hits 52% of budget target in H1 FY 2023-24

As of September 30, 2023, the achieved expenditure is approximately 51.71% of the estimated full-year expenditure of Rs 7.33 lakh crore for the fiscal year 2023-24.Read more

Central govt commits to sustaining capital spending despite fiscal deficit concerns

The official emphasised that the Central government's objective is to encourage departments to accelerate capital expenditure (capex) in the current fiscal year to support economic growth.Read more

India boosts Make in India with Rs 45,000 cr defense hardware purchase

This comprehensive purchase encompasses new fighter aircraft, missiles, versatile light armoured vehicles, integrated surveillance and targeting systems, as well as survey vessels, all designed to modernise its armed forces.Read more

Empire Cable banks on govt-backed infra projects for growth

The government’s continued push to boost investment in infrastructure projects is expected to increase demands for cables and wires in the coming years. Empire Cable is all set to tap this opportunity and also increase its overseas business. Read more

Budget 2023: Will 'green growth' energise equipment demand?

Identifying green growth as one of the seven priorities of this year’s budget, Finance Minister Nirmala Sitharaman has announced a slew of measures to achieve energy transition and net zero objectives. But, will these generate demand for equipment and solutions in the country? Let's hear from the industry leaders.Read more

Budget 2023: The manufacturing fine print

Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more

Budget 2023: Revving up manufacturing with duty revisions and capex boost

By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more

Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs

The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more

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