Union Minister Narayan Rane has launched the MSME competitive lean scheme to boost the manufacturing industry in India by improving quality, productivity, performance and capability of manufacturers. The objective of MSME competitive lean scheme is to provide a roadmap to global competitiveness for the MSMEs of India. This scheme also…
Are you an entrepreneur searching for the best manufacturing business to start with 50 lakhs? The manufacturing industry offers numerous opportunities from small-scale enterprises to large factories, catering to different markets and industries. With advancements in technology, manufacturing has become more efficient, flexible, and customizable. Entrepreneurs can leverage this industry…
Finance Minister Nirmala Sitharaman announced an allocation of INR 19,700 crore for green hydrogen production in the 2023 budget towards the government’s Green Hydrogen Mission. The Minister also set a target of producing five million tonnes of green hydrogen by 2030. The green hydrogen mission aims at reducing carbon intensity…
The global dairy snacks market was valued at US$ 214 Billion in 2021 and is projected to reach US$ 302 Billion by 2027, growing at a CAGR of 6%. India is currently the world’s largest producer of milk which has opened a plethora of opportunities in the dairy snacks industry.…
India has recently approved a $2.3 billion incentive package to promote green hydrogen production and also to create export opportunities. This is a significant step towards achieving the country’s goal of becoming a global leader in the production and use of clean energy. This incentive package will create the capability…
The Zero Defect Zero Effect (ZED) Certification Scheme is launched by The Ministry of Micro, Small, and Medium Enterprises (MSME) in April 2022. The focus of the scheme is to empower Indian companies, make them globally competitive, and enable easy access to capital. As per the MSME minister Narayan Rane,…
The world changed in several ways post the covid-19, so did the manufacturing sector, being resilient to the changes brought in by the pandemic. Though manufacturing suffered from the partial closures of manufacturing units due to the pandemic, it has been very fast in the revival. The manufacturing sector in…
India has imposed a ban on the use of single-use plastics from July 1st on items ranging from straws to disposable cutlery to reduce the problems caused by plastic waste. For the first stage, the government has identified 19 plastic items such as earbuds, plastic sticks for balloons, straws, cigarette…
India is recognized as the pharmacy of the world and ranks 3rd in terms of pharmaceutical production by volume and 14th by value. India is the largest provider of generic drugs globally accounting for 20% of the worldwide supply. The pharmaceutical market in India was valued at USD 42 billion…
Improved standard of living and a sharp rise in health awareness has triggered the demand for consumption of fresh fruit juice. It’s the most popular item in the beverage industry, and the abundant amount of nutrients available beats the demand for other packed beverages. For these very reasons, setting up…