How MSMEs Can Boost India’s Real Estate Market
How MSMEs Can Boost India’s Real Estate Market With streamlined regulations and increased credit access, MSMEs have the potential to significantly enhance India’s real estate sector. MSMEs play a pivotal role in innovation, employment, and economic growth, contributing over 30% to India’s GDP. This sector is poised to transform India’s economic landscape further. A report […]
FM Urged to Support MSME Workforce Up-Skilling and Introduce Employment-Linked Incentives
FM Urged to Support MSME Workforce Up-Skilling and Introduce Employment-Linked Incentives The interim Budget for FY25 has allocated Rs 22,138 crore to the MSME sector, maintaining the same level as the previous financial year. During a pre-budget meeting on Tuesday, industry executives urged Finance Minister Nirmala Sitharaman to increase funding in the Union Budget to […]
India Inc. Bets Big on AI to Transform its Manufacturing Sector
India Inc. Bets Big on AI to Transform its Manufacturing Sector Artificial Intelligence is revolutionizing operational landscapes through automation, enhancing efficiency in smart factories and customer solutions. India stands on the brink of its second major business transformation in three decades, poised to become a hub for AI-powered manufacturing, similar to its dominance in the […]
GST Relief: Exemptions for Hostel Rents and Railway Services
GST Relief: Exemptions for Hostel Rents and Railway Services The GST Council, in its 53rd meeting, announced several relief measures aimed at benefiting the middle class. Among these is an exemption from GST for rents up to ₹20,000 per month for accommodations outside college campuses. This applies to students and working professionals for stays up […]
Government Considering New Bank to Bridge Credit Gap for MSMEs
Government Considering New Bank to Bridge Credit Gap for MSMEs The government is contemplating the establishment of a dedicated bank to provide direct lending to micro, small, and medium enterprises (MSMEs). This initiative aims to enhance credit flow to the under-served sector, thereby boosting economic activity and job creation. Current Scenario and Challenges Presently, the […]
India’s Electronic Manufacturing May Reach USD 500 Billion by 2030: CII Report
India’s Electronic Manufacturing May Reach USD 500 Billion by 2030: CII Report A report by the Confederation of Indian Industry (CII) emphasizes the need for critical actions to transform India’s electronic sector ecosystem from “import-dependent assembly-led manufacturing” to “component-level value-added manufacturing.” Key Findings According to the report, in 2023, the demand for components and sub-assemblies […]
India-EU Trade Council Hosts EV Battery Recycling Startup Event
India-EU Trade Council Hosts EV Battery Recycling Startup Event The India-European Union Trade and Technology Council (TTC) Working Group 2 organized a startup matchmaking event on June 20, 2024, featuring twelve high-impact solution providers in EV Battery Recycling Technologies. This event offered startups and SMEs an exclusive platform to pitch their innovative technologies, spanning the […]
Karnataka Aiming for 15-16% Industrial Growth: Chief Minister Siddaramaiah
Karnataka Aiming for 15-16% Industrial Growth: Chief Minister Siddaramaiah BENGALURU: Chief Minister Siddaramaiah announced on Wednesday that Karnataka is targeting an industrial growth rate of 15-16% annually. He highlighted the state’s proactive approach to policymaking and its industrial policy, which offers best-in-class incentives to attract global investors. Key Points from the Global Investors Meet 2025 […]
Economists Emphasize Employment Generation and Manufacturing Boost in Upcoming Budget
Economists Emphasize Employment Generation and Manufacturing Boost in Upcoming Budget During a pre-Budget consultation with Finance Minister Nirmala Sitharaman, economists stressed the importance of focusing the upcoming Budget on employment generation and strengthening the manufacturing sector. Highlighting concerns over unemployment, they urged the government to prioritize job creation. There was a consensus that with the […]
Study Outlines Path for India to Achieve $5 Billion Defence Export Goal
Study Outlines Path for India to Achieve $5 Billion Defence Export Goal A recent study by Nexgen Exhibitions underscores the critical steps India must take to reach its USD 5 billion defense export goal by 2024-25. The key strategies include streamlining foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities. This […]