DPIIT has joined hands with FICCI and Mercedes-Benz India to support seven selected startups under the Bharat Innovation & Business Ideas Challenge Programme. The initiative is designed to help promising startups move beyond early funding and build the regulatory,...
The Madhya Pradesh government is planning to develop 81 new industrial areas across the state to create a bigger land bank for micro, small and medium enterprises. The move is aimed at expanding industrial activity, supporting local entrepreneurs and...
Greater adoption of factoring and TReDS could give MSMEs much-needed liquidity support and help them become more competitive in export markets. Industry leaders said these financing tools can reduce cash-flow pressure, speed up working capital access and make it...
India’s MSME sector continues to be one of the country’s biggest economic engines, contributing 31.1% to GDP, 35.4% to manufacturing output and 48.58% to exports, according to the Ministry of MSME. The ministry also said formal registrations on the...
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...
In a major boost to India’s industrial transformation, Union Minister for Steel and Heavy Industries H.D. Kumaraswamy launched the third round — PLI 1.2 — of the Production Linked Incentive (PLI) Scheme for Specialty Steel on November 4, 2025....
India’s eight core industries grew 3% year-on-year in September 2025, led by strong performance in steel and cement, according to data from the Commerce and Industry Ministry. Steel output surged 14.1% as demand from government infrastructure projects picked up,...
Karnataka’s economy—stretching from coffee plantations in Coorg to tech corridors in Bengaluru—has received a major boost through the latest GST rate rationalisation. The reforms span multiple sectors, including agriculture, manufacturing, handicrafts, and technology, reducing prices by 5–12% across essential...
Union Minister for Commerce and Industry Piyush Goyal has emphasized that India’s chemical and petrochemical industry holds immense potential to become a global leader in innovation, sustainability, and advanced manufacturing.
Speaking at the 7th Indian Chemicals and Petrochemicals Conference organized...
In a significant push to strengthen India’s startup landscape, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Kyndryl Solutions Pvt Ltd to support startups in manufacturing and IT sectors. The collaboration aims...
