Mumbai: Indian steel prices have increased for the second time in January as domestic producers capitalised on import restrictions, reviving construction demand and tight market inventories. Domestic steelmakers have raised prices twice within a span of two weeks in January, following the Centre’s decision to impose a safeguard duty on…
Tag: #DomesticManufacturing
News
India Approves 22 ECMS Proposals for Manufacturing Push
The Ministry of Electronics and Information Technology (MeitY) has approved 22 proposals under the Electronics Component Manufacturing Scheme (ECMS), marking a significant push to strengthen India’s domestic electronics manufacturing ecosystem. The projects, with a projected investment of Rs 41,863 crore, are expected to generate 33,791 direct jobs across the country….
News
₹7,280 Cr Plan Powers Rare Earth Magnet Industry
In a decisive push towards technological self-reliance, the Government of India has approved a ₹7,280 crore scheme to establish a domestic manufacturing ecosystem for Sintered Rare Earth Permanent Magnets (REPM). The initiative aims to create an integrated production capacity of 6,000 metric tonnes per annum, significantly reducing India’s dependence on…
News
PLI Scheme Boosts Domestic Medical Device Manufacturing
The Production Linked Incentive (PLI) Scheme for Promoting Domestic Manufacturing of Medical Devices is steadily transforming India’s MedTech landscape, with approved projects translating into investments, employment generation and rising export potential. The government has informed Parliament that the scheme is on track and will continue until March 2027, with no…