Page 310 - Industry News

Budget 2025: Govt to implement scheme to make India toy hub of world

Finance Minister Nirmala Sitharaman in her budget speech said the scheme will focus on development of clusters, skills, and a manufacturing ecosystem that will create high-quality toys

Govt to set up National Manufacturing Mission to promote Make in India

The Mission's mandate will include five focus areas ease and cost of doing business; future ready workforce for in-demand jobs; a vibrant and dynamic MSME sector

Budget 2025: Civil aviation gets Rs 2,400 cr, UDAN funds cut to Rs 540 cr

In the next fiscal, Air India Asset Holding Ltd will get a slightly higher allocation of Rs 1,025.51 crore compared to Rs 1,017.67 crore in the current financial year

Budget 2025: Govt allocates Rs 2.87 trn for highways ministry for FY26

Finance Minister Nirmala Sitharaman on Saturday also increased the allocation to state-owned National Highways Authority of India (NHAI) to Rs 1,878,03 crore from last year's Rs 1,693,71 crore

Budget FY26: Govt to launch export promotion mission worth Rs 2,250 crore

Under this mission, the department of commerce, micro, small and medium enterprises (MSME), and the finance ministry will set export-related targets for various sectors

Key infra sectors' growth slows to 4% in Dec 2024, shows govt data

On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024

Transfer passengers' share likely to double in 10 years, says BIAL COO

In an interview with Business Standard, he said about five years ago, the share of transfer traffic in the airport's overall traffic was about six per cent

China's manufacturing prowess to bear on India's growth story: Eco Survey

The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on China

Tourism industry regains 5% GDP contribution in FY23: Economic Survey

Religious tourism accounts for over 60 per cent of domestic travel in India, according to a report by KPMG

Commerce Ministry withdraws 'track and trace' rule for pharma exports

The Commerce Ministry on Friday said it has withdrawn the provisions related to the track and trace system for pharmaceutical exports under the foreign trade policy.

India a net steel importer in Apr-Nov amid price pressures: Eco Survey

The survey said India has been a net importer of steel from April to November period of the ongoing financial year, even as companies faced price pressures and lower global prices

Mumbai sees highest Jan property registrations in 13 years: Knight Frank

About 11,773 properties were registered in January 2025, up 7 per cent Y-o-Y

Coordinated efforts from all crucial for making India mfg hub: Eco Survey

The survey stressed that China is a dominant force in global manufacturing and energy transition ecosystems as it has gained a strategic advantage leveraging its competitiveness and economic policy

Critical mineral mission shows India's effort for energy security: Deloitte

The government had on January 29, approved a Rs 16,300-crore National Critical Mineral Mission, envisaging a total outlay of Rs 34,300 crore spread over seven years

India needs to add 100 mn tonnes of steel making capacity by 2030: Secy

He also pointed out that slumped steel demand and over capacities globally have affected domestic industry

Wind industry seeks policy parity, infra support to meet energy goals

As the Union Budget approaches, industry leaders hope for measures that will align policy, infrastructure, and investment to further strengthen India's renewable energy sector

Govt likely to stay with flexible PPP contracts on inland waterways

Nascent sector requires ability to be flexible with contracts, according to officials

Indian food services market projected to hit $144-152 bn by 2030: Report

Consumers in metro and Tier-I cities are increasingly opting to order in and dine out, driven by convenience and a desire for a break from routine

Assam, Bihar households big food spenders in 2023-24, shows NSO data

Among the food items, households in these states spent the highest share on consuming 'beverages & processed food' which includes purchased food items

Infor sees 100% growth in India in 2024; to increase headcount by 15-20%

Kevin Samuelson, global CEO, Infor, said that they are also setting up their own data centre in India to resolve data residency issues for some customers