Make in India 2.0, an upgraded version of the government’s initiative ‘Make in India’, will be announced in a couple of months, with emphasis on sectors in which the country has a competitive edge. “We are planning to have a revamped version of ‘Make in India 2.0’, which will be focussed on the s…
Make in India
Make in India in defence will boost MSME sector
Mumbai: The Centre is attempting to boost MSME sector’s contribution towards indigenous manufacturing in defence from the present 20-30 to 70 per cent in the next five years under its ambitious ‘Make in India’ programme, Lt General Ravi Thodge (Retd) said. Lt Gen Thodge, AVSM, S…
Make in India needs better execution to succeed
Only 17% of India’s GDP comes from manufacturing as against 29% for South Korea and 34% for China. The gap has widened in the last decade. The BJP Government is attempting to correct the same with its Make in India initiative. However most of the initiatives taken up by PM Narendra Modi have real…
Incentivise automation in manufacturing to give a boost for Make in India
Automation industry is in an evolving phase. There are many factors which are considerably changing the outlook of the industry such as ever-increasing need of complying to global standards, the constant need for improving operational excellence, desire for zero defects, productivity and quality …
Make import of key raw materials duty-free for foundry sector
Indian foundry sector is the feeder industry to the manufacturing sector as it supports sectors like auto, auto components, railways, electric, cement etc which are the major contributors to India’s GDP. The Indian foundry industry is third largest globally with revenue at $ 18 billion & expo…
DIPP to fund & promote homegrown leather brands
Indian government is all set to give home grown leather brands like Woodland, Red Tape, Hidesign a marketing and promotional fillip to compete with Louis Vuitton, Hermes, Salvatore Ferragamo of the world through a new scheme. “We will provide funds and facilitate through other possible means to t…
National MSME Policy to be unveiled soon
A much-anticipated national policy was soon to be finalised by a one-man panel consisting of former Cabinet Secretary Prabhat Kumar to usher in ‘ease of doing business,’ a change in the definition of medium, small and micro enterprises (MSME), flexible credit norms as well as labour laws. For, th…
Textile sector second largest job provider, says Make in India report
Textiles sector has emerged as the second largest job provider in the country, employing nearly 51 million people directly and 68 million indirectly in 2015-16, the Commerce Ministry report on Make in India achievement said. The textile sector accounts for 10 per cent of the country’s manuf…
Full FTA with India to give an impetus to two-way trade says Israeli President
Reuven Ruvi Rivlin, President of the State of Israel, today expressed his firm commitment he and the Israeli business delegation accompanying him “are here to make in India and make with India” and hoped that his visit will open the way for a full Free Trade Agreement between the two …
Israel willing to cooperate with India in defence & homeland security
Speaking at the ‘Roundtable on Indo-Israel Cooperation in Defence & Homeland Security’, organised by FICCI, Brig. Gen. (Retd) Mishel Ben Baruch, Director, SIBAT, Ministry of Defence, Israel, observed that the meeting was a historic event for India-Israel collaboration in Defence a…