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Trump victory raises optimism in India's chemicals, textiles sectors
According to Chemexcil, India’s chemical exports to the U.S. reached $2.86 billion in 2023-24, though this marked a 26% decrease from the previous year.Read more
On a fast-track growth
On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more
Altem Technologies wins SME Empowering India Award 2024
The award was presented to the company by Giriraj Singh, Union Minister of Textiles, at the award ceremony held at Eros Hotel, New Delhi.Read more
FDI in manufacturing reaches $165 billion; 69% growth over last decade
This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more
Indian manufacturing sector sentiments improved for Q1 24-25: FICCI
The survey reveals that 78% of respondents anticipate higher or stable production levels, up from 57% in the previous year.Read more
Decarbonising seven key MSME sectors could save Rs 370 million yearly
The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP).Read more
Textile-leather industry hopes for revised inverted duty structure in new Budget
An inverted duty structure discourages domestic manufacturing by imposing higher import duties on raw materials and intermediate goods compared to finished products. Read more
Under PLI scheme at least six of eight sectors to switch to quarterly disbursals
DPIIT is planning to hold the next stakeholder review after the budget announcement for 2024-25.Read more
Welspun World appoints G R Arun Kumar as Group CFO
Renowned for its technological and operational excellence, Welspun Group holds a leadership position in Line Pipes & Home Textiles sectors globally, catering to major Fortune 100 companies.Read more
Lindström India introduces rental service for floor mats in India
These mats assist in helping faster evaporation of moisture as well as trap dirt and moisture between the tufts.Read more