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Industry Segments Online News Updates
Electrical & Power
Tata Power Solar and BOI Forge Alliance for Green Financing
Tata Power Solar and BOI Forge Alliance for Green Financing
Tata Power Solar Systems Limited (TPSSL), a leading name in India's renewable energy sector and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic partnership with the Bank of India (BOI). This collaboration aims to streamline financing options for rooftop solar installations and electric vehicle (EV) charging stations, marking a significant milestone in India's journey...
Electrical & Power
Union Budget 2024 | Reaction from Niranjan Nayak, MD, Delta Electronics India
Union Budget 2024 | Reaction from Niranjan Nayak, MD, Delta Electronics India
The Union Budget 2024-25 presents a compelling vision for a thriving 'Viksit Bharat.' We at Delta are particularly encouraged by the government's comprehensive approach that prioritizes skilling, infrastructure development, and digital transformation. The focus on creating a skilled workforce through internship programs aligns perfectly with our own commitment to nurturing talent and driving innovation.We also applaud the budget's...
Electrical & Power
Union Budget 2024 | Reaction from Manikkan S, Executive Director & CEO, Radiance Renewables
Union Budget 2024 | Reaction from Manikkan S, Executive Director & CEO, Radiance Renewables
The recent budget announcements by the Finance Minister reflect a strong and consistent commitment to renewable energy, building upon the foundation laid by the Modi 2.0 government. The launch of the PM Surya Ghar Muft Bijli Yojana is a significant step towards reducing our dependence on fossil fuels and aligning with global climate goals. This initiative,...
Healthcare
Union Budget 2024 | Reaction from Anish Bafna, CEO and MD, Healthium Medtech
Union Budget 2024 | Reaction from Anish Bafna, CEO and MD, Healthium Medtech
The Union Budget 2024-25 sets the foundation for our nation’s unrelenting pursuit towards Viksit Bharat 2047. The announced exemption of customs duties on the three additional cancer formulations is an industry-welcoming move towards patient centricity, easing the financial and socio-economic burden of the disease on patients. Additionally, the detailed changes in basic custom duties on medical equipment...
Electrical & Power
Union Budget 2024 | Reaction from Devndra Chawla, MD & CEO, GreenCell Mobility
Union Budget 2024 | Reaction from Devndra Chawla, MD & CEO, GreenCell Mobility
We appreciate the significant steps taken towards infrastructure development and sustainable transportation by the Finance Minister in the first union budget under the Modi 3.0 government. GreenCell Mobility remains committed to contributing to India's sustainable development goals by promoting green mobility solutions and supporting the government's efforts toward a greener and more connected future.The proposal of industrial...
Manufacturing
HANNOVER MESSE 2025 to Showcase Cutting-Edge Drive Technology and Fluid Power Innovations
HANNOVER MESSE 2025 to Showcase Cutting-Edge Drive Technology and Fluid
Power Innovations
HANNOVER MESSE 2025 is set to highlight a strong international presence in drive technology and fluid power, with leading manufacturers from Germany and abroad showcasing the latest advancements under the Motion & Drives banner. Scheduled to take place in Halls 4, 5, and 6, the event will serve as a vital platform for companies to demonstrate innovative applications and...
Manufacturing
Union Budget 2024 | Reaction from Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility & Pinnacle Industries
Union Budget 2024 | Reaction from Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility & Pinnacle Industries
This Union Budget marks a significant milestone in India's journey toward becoming a $5 trillion economy and solidifies its role as a global growth engine. The government’s comprehensive approach to supporting various sectors, especially MSMEs and start-ups, is commendable. Introducing a credit guarantee scheme for MSMEs, which facilitates term loans without collateral or...
Electrical & Power
Union Budget 2024 | Reaction from Meenu Singhal, Regional MD, Socomec Innovative Power Solutions
Union Budget 2024 | Reaction from Meenu Singhal, Regional MD, Socomec Innovative Power Solutions
The budget announcement marks a pivotal moment for India, focusing on nine priorities, including Productivity and Resilience in Agriculture, Employment & Skilling, Human Resource Development and Social Justice, Manufacturing & Services, Urban Development, Energy Security, Infrastructure, Innovation, Research & Development, and Next Generation Reforms. These initiatives are set to generate ample opportunities for all sectors.This budget...
Manufacturing
Union Budget 2024 | Reaction from Mahesh Viswanathan, Deputy CEO and CFO, Finolex Cables Ltd.
Union Budget 2024 | Reaction from Mahesh Viswanathan, Deputy CEO and CFO,
Finolex Cables Ltd.
We welcome the employment and manufacturing generation initiatives outlined in the budget. The introduction of a credit guarantee scheme for term loans on machinery and equipment purchases, without collateral or third-party guarantees, is a progressive step that will empower MSMEs to innovate and expand, driving growth and job creation across the nation. Additionally, the exemption of...
Electrical & Power
Union Budget 2024 | Reaction from Saurabh Marda, Co-founder and MD, Freyr Energy
Union Budget 2024 | Reaction from Saurabh Marda, Co-founder and MD, Freyr Energy
The recent budget has been highly favorable for the energy sector, with the government setting an ambitious goal of achieving 500 GW of renewable power by 2030. A key component of this plan is encouraging homeowners to adopt solar energy, facilitating a swift transition to solar power. To support this, the government has allocated Rs 70,000 crores...
Construction
Union Budget 2024 | Reaction from Dimitrov Krishnan, MD, Volvo CE India
Union Budget 2024 | Reaction from Dimitrov Krishnan, MD, Volvo CE India
We welcome the Union Budget 2024-25 for providing a significant impetus to the construction equipment sector. The vision of 'Viksit Bharat' by 2047 underscores the importance of allocating substantial resources for infrastructure development to enhance India's growth trajectory. The proposed increase in capital expenditure by 11.1 percent, amounting to Rs. 11.11 lakh crore for FY2025, will significantly support...
Hospitality & Facility Management
Union Budget 2024 | Reaction from Bantwal Baliga, Group CEO, Acquaviva
Union Budget 2024 | Reaction from Bantwal Baliga, Group CEO, Acquaviva
The Union Budget 2024 introduces a pivotal scheme aimed at incentivizing the hiring of first-time employees, a move set to transform the manufacturing sector. This initiative, benefiting 3 million youths and their employers through direct incentives based on Employees' Provident Fund (EPF) contributions over four years, underscores the government's commitment to fostering job creation and nurturing a skilled workforce....
Electrical & Power
Union Budget 2024 | Reaction from Saurabh Kumar, VP-India, Global Energy Alliance for People and Planet (GEAPP)
Union Budget 2024 | Reaction from Saurabh Kumar, VP-India, Global Energy Alliance for People and Planet (GEAPP)
"The policy-driven emphasis on the energy sector in the Union Budget 2024-25 exemplifies the Government's commitment to integrating the principles of energy security and energy transition as a cornerstone of Viksit Bharat. We anticipate that the development of energy transition pathways will bolster state-level initiatives to accelerate renewable energy adoption. Furthermore, the proposed...
Healthcare
Union Budget 2024 | AiMeD hails visionary budget for Medical Device Sector | Budget Reactions
UNION BUDGET 2024 | AiMeD HAILS VISIONARY BUDGET FOR MEDICAL DEVICE SECTOR |
BUDGET REACTIONS
The Association of Indian Medical Device Industry (AiMeD) on Tuesday hailed the Union Budget-2024 presented by Finance Minister Nirmala Sitharaman in the Parliament today as visionary and progressive, with the potential to significantly boost the country’s overall economic growth.In a statement, AiMeD Forum Coordinator, Rajiv Nath said, “The Union Budget-2024 is visionary and progressive. It will...
Construction
Bharat Construction Equipment Expo 2025 Set for January 19-22
Bharat Construction Equipment Expo 2025 Set for January 19-22
The Ministry of Commerce & Industry, Government of India, has announced the 1st edition of the Bharat Construction Equipment Expo 2025, scheduled from January 19 to 22 at the India Expo Mart in Greater Noida. This event is part of the larger Bharat Mobility Global Expo 2025, which will also feature the Auto Expo Motor Show 2025 and the Auto Expo...
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Products of the Month
Normet launches Variomec XS for underground logistics
Normet launches Variomec XS for underground logistics
Normet is a Finnish company operating globally with over 50 locations in 33...
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