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…
As a part of mission Atmanirbhar Bharat, the Union Cabinet yesterday approved the PLI scheme for white goods and high efficiency solar photovoltaic (PV) modules with an outlay of 10,738 Crore. The white goods segment which consists of air conditioners and LED lights, was given Rs. 6,238 Crore and the…
The government recently approved the PLI scheme for the food processing sector. Under the scheme, the government will provide incentives of Rs. 10,900 crores for industries in the food processing sector over the period of the next five years. “The government’s effort is to take India’s food processing sector to…
Over the last many years, successive Indian Governments have tried to improve India’s Balance of Trade and protect domestic industry by incentivizing exports and restricting imports. These have taken the form of Export incentives to try and boost exports through measures such as Cash assistance, Export subsidies, EOUs and SEZ,…