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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

For the first time India’s auto component exports exceed imports

The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA).Read more

FIEO welcomes govt. approval on PLI Scheme to attract FDI

Apart from boosting MSME sector, the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times.Read more

Loophole closed: DGFT disallows tyre imports via DFIA route

The DFIA was the only remaining loophole which allowed the import of tyres, rest were curbed in June by DGFT.Read more

Energising power sector

Indian electrical & electronics industry has been going through a rough patch even before COVID 19 struck the country.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

IEEMA to host virtual expo Digielec Bharat for electrical industry in Sept

Indian Electrical & Electronics Manufacturers’ & Association (IEEMA) wants to promote exports and position India’s indigenous electrical industry as an alternative to China through Digielec Bharat, which will be held virtually from Sept 24-27, 2020Read more

Ramp up R&D to reduce auto component imports: Amitabh Kant

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.Read more

Complete list of 101 defence items selected for progressive import ban

Ministry of Defence's import embargo on 101 items - that include simple parts as well as some high technology weapon systems - is expected to offer a huge opportunity of about Rs 4,000 billion to the Indian defence industry within the next five to seven years.Read more

Japanese tyre maker Yokohama doubles production capacity in India

Yokohama, which been supplying tyres to passenger car and SUVs since 2007 in India, has commenced the second phase of commercial production raising its capacity from 0.7 mn tyres a year to 1.6 mn tyres per year in IndiaRead more

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