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Odisha approves procurement policy to boost small manufacturing enterprises
This new policy aims to enhance the business activities of 'Odisha Small Manufacturing Enterprises' by favoring the procurement of their manufactured goods by State Government establishments.Read more
India's medical device imports surge by 21%, sparks calls for policy re-evaluation
The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more
Commerce Minister Goyal unveils trade connect ePlatform to boost MSME exports
Functioning as an intermediary platform, the Trade Connect ePlatform will facilitate connections between Indian exporters, entrepreneurs, and various international trade stakeholders, as explained by a senior official.Read more
JSW Steel unveils Rs 1 tn expansion plan, prioritising domestic capacities
JSW Steel's CEO, Jayant Acharya underscored a strong commitment to bolstering domestic capacities, recognising India's status as the world's second-largest consumer and producer of steel.Read more
TÜV SÜD plans EV Battery Lab in Bengaluru, Aligned with Karnataka's EV Policy
The initial phase of the Bengaluru testing centre, involving an investment of approximately Rs 135 crore, focuses on testing medical devices and electrical components.Read more
India aims for 1,000 vehicle scrapping centres, 400 fitness test hubs: Gadkari
During the launch of 'DigiELV,' Gadkari disclosed that the road ministry has already granted approval for 85 vehicle scrapping facilities nationwide.Read more
India's MedTech Sector booms with $464 mn foreign investment surge in 2023
Pavan Choudary, MedTech, Medical Technology Association of India, National Medical Device PolicyRead more
LOHUM partners UAE Ministry for First EV Battery Recycling Plant
The partnership comes in light of UAE’s COP28 agenda and aligning with the UAE’s Net Zero by 2050 Strategic Initiative, Circular Economy Policy and supporting emissions-free mobility with future-ready solutions.Read more
ArcelorMittal Nippon Steel India invests Rs 100 cr in scrap centres to boost sustainability
Company is poised to establish three dedicated scrap-processing centres in Gujarat and Maharashtra, as leading steel companies in India anticipate challenges in meeting their scrap requirements through imports.Read more
Toyota expands manufacturing in Karnataka with Rs 3,300 cr investment
This new facility, boasting a capacity of 100,000 units, will be situated approximately 35km from Bengaluru and has the potential to generate employment opportunities for up to 2,000 individuals.Read more