Page 5 - Industry News

Budget 2026: Govt allocates ₹600 crore for three dedicated chemical parks

For the first time, the Union Budget provides a dedicated allocation for chemical parks, with ₹600 crore earmarked in the Budget Estimates for 2026-27

Budget proposes to set up dedicated REITs to recycle CPSE realty assets

Experts say the proposal could expand investable real estate supply, deepen markets and provide liquidity

FM announces ₹10,000 cr container manufacturing scheme, 20 new waterways

New ship repair facilities for river vessels, coastal cargo promotion scheme also announced

Budget boosts electronics component scheme outlay to ₹40,000 crore

Electronics Component Manufacturing Scheme has attracted investment commitments far exceeding its target

Budget 2026: FM Sitharaman announces ₹10,000 crore SME growth fund

Union Budget 2026 proposes ₹10,000 crore SME growth fund and expands TReDS-backed liquidity measures and compliance support to help small businesses scale up and improve access to finance

Govt ready to support radio sector expansion: Union Minister L Murugan

The Electronics Design and Testing Centre in Noida has already indigenously developed consumer electronics products such as standalone radio receivers and Bluetooth speakers integrated with HD Radio

Gujarat leads India in renewable energy, contributes 16.5% of total

As of Dec 31, 2025, Gujarat had become the first largest contributor to the country's renewable energy capacity, with cumulative installations reaching 42.583 GW

iPhone 16 tops the charts in major reset of India smartphone market

India's smartphone market is premiumising fast, with Apple's iPhone 16 emerging as the country's top-selling model by volume in 2025, Counterpoint data shows

Centrally funded infrastructure projects see 18.3% cost jump in December

Revised estimates of 1,392 ongoing projects climbed to ₹35.1 trillion as overruns persisted, though the pace of cost escalation eased sequentially from November

Nifty100 PBT could have been 8.5% higher without labour Code effect

TCS, Infosys book one-time exceptional charges, while HDFC Bank absorbs higher wage costs directly into quarterly P&L

Govt to provide AI tools, GPUs to universities, says Ashwini Vaishnaw

Government to equip 500 universities with GPUs, datasets and AI tools under the IndiaAI Mission as it prepares for the AI Impact Summit in New Delhi next month

Govt to provide AI infrastructure, GPUs to universities for skilling

AI tools, GPUs and indigenous datasets will be provided to 500 universities as the Centre steps up efforts to boost AI skills, research and innovation

Centre proposes amendment to allow drug imports via Navi Mumbai airport

Health Ministry proposes listing Navi Mumbai International Airport as a notified port under drug rules, enabling air import of medicines through the facility

NSDC International plans to widen Japan skilling through six states

Skill ministry arm explores partnerships with six states to expand Japanese language training and prepare youth from smaller towns for overseas employment

Labour Codes to promote gender parity, workforce formalisation: Eco Survey

New Labour Codes are expected to boost women's workforce participation, narrow wage gaps and accelerate labour market formalisation, the Economic Survey 2025-26 said

Indian IT industry shifting from software to AI solutions, says Vaishnaw

Ahead of the India-AI Impact Summit 2026, Ashwini Vaishnaw said India's IT industry is moving from software to AI, re-skilling employees and training students nationwide

Coal to remain central for India's energy security: PM's principal secy

India keeps coal central to energy security while expanding renewables, nuclear, and solar manufacturing, balancing climate action with equity and grid stability

Indian refineries to be configured to meet rising petchem demand: Puri

The greenfield refineries being built in India have a stronger focus on petrochemical production

India leads but China narrows gap in South Africa's passenger vehicle track

China-assembled cars have doubled their share of the market

Trade union leaders responsible for stalling industrial growth: CJI

Supreme Court says trade union leaders have stalled industrial growth, cautions that fixing minimum wages for domestic workers could worsen unemployment and hardship