Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure. Read more...

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steel Read more...

Wistron Infocomm, which has been producing electronic devices at its existing factory at Kolar (Bengaluru), has embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building. Read more...

The extension is expected to provide an opportunity to the borrowers who are yet to avail this scheme, thereby gaining from this scheme. Read more...

The 2nd Virtual Buyer-Seller Summit- saw participations from Office of Development Commissioner MSME (Ministry of MSME), NTPC Ltd, L&T Power, Rashtriya Ispat Nigam Ltd (Vizag Steel) and Nordex - educated vendors on approaching large companies to help MSME become regular suppliers, thereby improving efficiency of manufacturing Read more...

The Ministry's vigorous follow up with CPSEs, state governments, corporates, etc brings in very good results. With CPSEs paying Rs 3,700 crore to MSMEs in Sept 2020; the highest in a month, takes total payment to Rs 13,400 crore in last 5 months Read more...

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...

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...

These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system (AGAPS) and 45 command posts to be procured from Tata Power and L&T and 330 vehicles to be procured from Bharat Earth Movers Ltd (BEML) Read more...

Addressing L&T's 75th AGM, he stressed on the need to move beyond knee-jerk responses and draw up a long-term strategy with a time-bound plan for implementation. He added that it is time for government and industry to act in unison for national cause. Read more...

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 India Read more...

The list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems. Of these, items worth almost Rs 1,300 bn each are anticipated for the Army and the Air Force while items worth almost Rs 1,400 bn are anticipated by the Navy. Read more...

In this interview, Amit Ghaisas, MD, Minilec Group, focuses on the importance of quality, exports, and Aatmanirbhar Bharat initiative. He also highlights on demand drivers for control and monitoring relays and effect of COVID 19 on the industry. Read more...

In this endeavour, the company’s manufacturing unit will have capacity of 2GW. Read more...

Commercial Vehicles have been majorly hit, owing to pressure from a prolonged slowdown and from this unprecedented pandemic. Read more...