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Askar Microns plans to double production, eyes exports

Manufacturer of CNC machine tools for the past 27 years, Askar Microns is looking to capitalise on the growing machine tools market. At IMTEX 2023, it introduced two 45-degree slant bed designed machine tools.Read more

Scaling up MSME exports

With all the policy stimulus and rapidly changing geo-political scenario, the share of MSMEs in India's export kitty is expected to scale up manifold in the coming years.Read more

India’s $1-trillion manufacturing export opportunity

India is on the cusp of structural shifts in the manufacturing sector. Driven by growth in priority sectors and propelled by favourable megatrends in manufacturing, India is expected to scale up its manufacturing exports to $1 trillion by FY28, says a Bain & Company report.Read more

Rising material & oil prices are affecting machine tools industry

Mastercam creates software and services that solve the world’s manufacturing challenges. During an interview with IPF, Vineet Seth, Managing Director – South Asia & Middle East, Mastercam APAC, spoke thoroughly about the impact of declining auto sales & shift towards electric vehicles on the machine tools industry and the ways to mitigate it.Read more

All set to scale new heights

India’s merchandise exports crossed $ 400 billion (approximately Rs 30.44 trillion) on March 21, 2022 (10 days ahead of the closure of FY2021-22), according to Piyush Goyal, Union Minister of Commerce and Industry.Read more

India’s merchandise exports cross $400 bn; Engg goods exports up 50%

Export of cotton yarn/fabrics/made-ups, handloom products etc, gems and jewellery, other cereals and man-made yarn/fabrics./made-up etc. have registered a growth rate between 50%-60%.Read more

German machinery exports reach pre-Covid level

Despite many disruptions in the supply chains, machinery and plant manufacturers from Germany were able to significantly increase their exports last year.Read more

Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

Business Environment Set for Growth

The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

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