NITI Aayog has released "Realising the Export Potential of India's Sports Equipment Manufacturing Sector," proposing Rs 7,500 crore investments between 2027 and 2031 to strengthen MSME-dominated production and capture a larger global share. Currently at USD 275 million (0.5%...
India has reached a framework for an Interim Trade Agreement with the United States. Commerce and Industry Minister Piyush Goyal stated that the agreement will help both nations deepen economic cooperation and reflect shared commitments to sustainable growth for...
The Union Cabinet has cleared a ₹7,280 crore scheme to establish India’s first full-scale manufacturing ecosystem for sintered rare-earth permanent magnets (REPM), marking a major strategic move toward self-reliance in clean-energy and high-tech supply chains. These magnets are critical...
India has cleared 17 major electronics component manufacturing projects under the Electronics Component Manufacturing Scheme (ECMS), signalling a strong push to strengthen domestic supply chains and reduce import dependence. The approved investments total ₹7,172 crore, spanning high-value components across...
In a historic move to strengthen India’s innovation and research ecosystem, Prime Minister Narendra Modi launched the ₹1 lakh crore Research, Development & Innovation (RDI) Fund on November 3, 2025. The initiative is designed to de-risk futuristic projects, empower...
The Government of India has approved the first batch of seven projects under the Electronics Manufacturing Components Scheme (ECMS), representing a total investment of ₹5,532 crore. The move aims to transform India’s electronics ecosystem from product assembly to full-fledged...
The Ministry of Defence has rolled out the Defence Procurement Manual (DPM) 2025, introducing a 25% product reservation for Micro and Small Enterprises (MSMEs) and offering major relaxations for start-ups recognised by the Department for Promotion of Industry and...
India’s Electronics System Design and Manufacturing (ESDM) sector is on a robust growth trajectory, expected to double by 2030 and reach a market size of ₹7–8 lakh crore, according to a recent report by CareEdge Ratings. The report attributes...
India’s ambitious Electronics Component Manufacturing Scheme (ECMS) is off to a robust start, with the Centre receiving investment proposals worth ₹1.15 trillion from 249 companies, Union IT Minister Ashwini Vaishnaw announced on Thursday. The proposals reflect strong global and...
India is gearing up to become a global petrochemical powerhouse, with an ambitious capital expenditure plan worth $37 billion aimed at achieving self-sufficiency and reducing reliance on imports, according to a new report by S&P Global Ratings.
The report, titled...
