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Crossing the $2 trn export barrier

The Government of India has set a target of tripling annual exports to $2 trillion within five years to boost economic growth, increase the contribution of manufacturing sector to GDP and create jobs for the country's youth.Read more

Union Cabinet gives nod to India's National Logistics Policy

The policy aims to reduce logistics costs and help in increasing India's share in the global trade. Policy to ensure technologically-enabled, integrated, cost-efficient, resilient and sustainable logistics ecosystem for accelerated and inclusive growth.Read more

Why stainless steel is the key for success of ethanol policy

Stainless steel is considered critical for the ethanol eco-system for blending in motor fuel across the entire supply chain. It is estimated that about 1 lakh tonnes of high-grade stainless steel will be required to augment ethanol capacity for achieving national goal of 20% blending, says Karan Pahuja.Read more

Govt of India launches policy for additive manufacturing

India, as per the policy, aspires to achieve 5% of global additive manufacturing (AM) market share and thereto add nearly $ 1 billion to the GDP by 2025. This will create eco-system for creation of nearly 100 new start-ups, 10 AM sectors and 1 lakh new skilled manpower.Read more

Imaginarium partners with global 3D printing firm Ultimaker

This partnership will bring Ultimaker’s whole range of desktop 3D printers like Ultimaker S5, Ultimaker S3, Ultimaker S5 Pro Bundle, and the base model of Ultimaker 2+ Connect to India.Read more

India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more

Tata Motors inks MoU for setting up vehicle scrapping facility in Maharashtra

The proposed scrappage centre will have the capacity of recycling up to 35,000 vehicles a year for end-of-life passenger and commercial vehicles.Read more

MSME Ministry launches SCLCS scheme for services sector for tech upgradation

The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more

Strong global orders lead to 43% rise in India’s exports in Oct 2021

Owing to strong global orders, India's merchandise exports rose by 43% in October this year as compared to same period previous year.Read more

Niti Aayog CEO says Indian companies must become globally competitive

Amitabh Kant, CEO, Niti Aayog urged Indian companies to become globally competitive instead of promoting protectionism and complaining about imports via Free Trade Agreements (FTAs).Read more

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