Industry calls for faster release of incentives related to SEIS scheme
Under the scheme launched by Service Exports from India Scheme (SEIS), duty credit scrip is extended which enables the holder to import freely importable goods without payment of basic customs duty.
Government working to mapping land bank available for industry: Goyal
Commerce and Industry Minister Piyush Goyal also said that the governme...
Uttar Pradesh government ‘puts off’ process of giving special incentives to 4 Chinese companies
Four Chinese companies — mobile phone maker V...
Government plans Rs 15,000-crore PLI scheme to boost local drug production
The scheme intends to promote indigenous manufacture of complex generics, biosimilars and high value-add medicines, to boost domestic drug production and cut dependence on costly imports.
Tata Power Solar expanding current manufacturing, looking forward to more encouraging steps by govt
Although the company will double its manufacturing capacity by the end of the year, domestic manufacturing of solar equipment will not be able to compete with Chinese imports unless these incentives are provided to help manufacturers establish plants, Tata Power Renewable Energy's President Ashish Khanna told ET.
Govt Incentives to help MSMEs, says Dye Chem Industries chief
The government has announced Rs 3 lakh crore collateral free automatic loans for businesses including MSMEs, Rs 20,000 crore subordinate debt for stressed MSMEs and Rs 50,000 crore equity infusion through a fund of funds.
Ministry of Labour and Employment allays fears about Labour Codes
In a pointed clarification on raising employee limit of smaller units for closure to 300, the ministry has underlined that the department-related Parliamentary Standing Committee had also recommended increase in threshold from 100 workers to 300 workers for seeking prior permission for retrenchment, lay-off and closure.
Labour ministry clarification: Changes in labour laws will not trigger rampant hiring and firing of workers
Parliament had last week passed the three labour bills related to industrial relation, social security and occupational safety, health and working conditions. Following this, all trade unions including the RSS-affiliate Bhartiya Mazdoor Sangh have opposed the bills saying they will firm up plans to protest against these bills in coming days.
Rs 25000 cr plan to cut dependence on China for key chemicals
With the aim to reduce dependence on China for import of chemicals, the government is planning a production linked incentive scheme to boost local manufacturing of some of the key chemicals used in pharmaceuticals, insecticides and in other critical industrial usage, sources said.
DPIIT shares list of 24 key sectors with ministries to work on plan to boost manufacturing
"Each ministry has been sent those sectors to identify their response. What incentives they (sectors) need, what policy tweaking is required, they (respective ministries) should do that. We have given them a preliminary action plan and the ministries will work on that. Each ministry will bring its own policy on these sectors," the commerce and industry ministry official said.
India needs to copy China better if it wants to be the next manufacturing powerhouse
To lure manufacturers away from the mainland, though, India is going to have to convince them that they’ll be able to operate just as easily and efficiently as they can in China.
Can India increase the share of manufacturing in economy?
India has seen some benefit in chemicals, where it already had an ecosystem that no other country could boast of. In the period of globalisation, industries get entrenched in a particular location.
View: IBC remains suspended but its spirit lives on
However, Reserve Bank of India (RBI) Resolution Framework for Covid-19 Related Stress (RBIFC) of 6th August brought us back into the realm of what can be described as insolvency proceedings. Thus, the extension of suspension announced on 24th September is different from the initial one as explained below.
iPhone manufacturer Pegatron starts business operations in India
Pegatron has appointed BSR & Co as statutory auditors for the first year of operations ending March 31, 2021 while Akhilesh Bansal and Chui Tan Lin, chief operating officer of Pegatron Corp Taiwan, have been appointed directors of the India subsidiary, as per regulatory filings.
Six states woo mobile phone manufacturers with incentives and attractive subsidies
Uttar Pradesh has already written to both Pegatron and Apple, highlighting its offer of 20% added incentive on capital invested and 25% subsidy on land. It is also wooing Samsung.