Page 313 - Industry News

Budget 2025: More push for private funding in power infrastructure

Centre lures states with higher borrowing limit, brings back focus on privatisation of distribution companies

Budget duty cut on key inputs to boost exports, manufacturing: Commerce Min

Further, the customs duty on waste and scrap of key minerals (Lithium, Cobalt, Lead, Zinc, Copper) and cobalt powder was removed from the current 10 per cent and 5 per cent, respectively

Emphasis on green transition to strengthen India's clean energy leadership

Devansh Jain, Executive Director, INOXGFL Group said investments in offshore wind capacity, green hydrogen production, and hybrid renewable projects will drive innovation, job creation, and economy

India's medical tourism poised for expansion with relaxed visa rules

Industry reports estimate that India's medical tourism market was valued at $7.69 billion in 2024, with approximately 7.3 million foreign patients travelling to India for medical treatment

Focus product scheme to boost exports by Rs 1.1 trn for leather sector: CLE

Council for Leather Exports (CLE) said the scheme will support design capacity, component manufacturing, and machinery required for the production of non-leather quality footwear

Sector Watch: From tech to auto, how the Budget affects key sectors

Broadband connectivity to all government secondary schools and primary health centres

Will work out measures to help industry address non-tariff barriers: Goyal

The commerce and finance ministries are working as a team to see which are the sectors that require maximum support in terms of availability of capital, technology upgradation, marketing

Budget 2025: Projects worth Rs 4.6 trn added to pipeline, says Vaishnaw

Work on 100 Amrit Bharat, 17500 general coaches, 200 Vande Bharat trains to start

Budget 2025 focuses on ease of doing biz, promotes manufacturing: ICAI

Among other measures, the Budget has announced a scheme to make India a global hub for toys by focusing on cluster development

Budget 2025: FMCGs hope tax relief, rural infra funds to boost consumption

PepsiCo India & South Asia Chief Executive Officer Jagrut Kotecha said Union Budget 2025 is focused on an income-led economic revival that will provide relief to the middle-income group

Import duty cut to make mobile production ecosystem more competitive: ICEA

India Cellular and Electronics Association Chairman Pankaj Mohindroo said that the removal of 2.5 per cent duty on mobile parts was a "nuisance" tariff which was not doing any value addition

Boost in urban infra: HUA ministry allocated Rs 96,777 cr in Budget

The government has allocated Rs 96,777 crore to the HUA ministry for the next fiscal as against Rs 82,576 crore in Budget 2024-25

India Inc to boost capex as Budget drives infra, manufacturing, mining

The Economic Survey released on Friday emphasised that the private sector must take the lead in driving economic growth

Budget reforms to enhance competitiveness of critical minerals: Industry

Sitharaman also said that mining sector reforms, including those for minor minerals, will be encouraged through the sharing of best practices and the institution of a State Mining Index

Increased spending on housing projects will drive demand: Cement makers

The Budget presents a vision for India's economic growth emphasising rural and urban development, increased infrastructure investment, employment-led growth and strategic investments

Budget 2025 will help make India a top global tourism destination: Industry

Further, the introduction of visa fee waivers and e-visa options for certain tourist groups will make India an even more attractive destination

Budget launchpad for health sector to be global leader: Apollo Hospitals

The announcement to promote medical tourism through private sector partnerships will enhance the capacity to attract global patients to position India as the go-to destination for healthcare facility

Govt increases culture budget by Rs 100 crore, prioritises heritage, arts

Within the ministry, a major chunk has gone to the Archaeological Survey of India (ASI), which has been allocated Rs 1,278.49 crore against Rs 1273.91 crore allocated in 2024-25

Budget 2025: FM calls for mining sector reforms, says govt to frame policy

Reacting to the budget, Vedanta Chairman Anil Agarwal said mining is one of the six domains identified for transformational reforms over the next five years

Budget marks pivotal moment in economic trajectory: Kerala biz community

The direction of the budget is towards the goal of Vikasit Bharat, Confederation of Indian Industry (CII) Kerala Chairman Vinod Manjila said