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Industry Segments Online News Updates

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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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Delta Electronics India eyes semiconductor industry

Delta Electronics India eyes semiconductor industry Manish Walia, Head Automation South Asia (India, Bangladesh, Sri Lanka, Nepal), Delta Electronics, shares insights into the company’s plans and innovations. India's semiconductor industry is on a trajectory of significant growth, driven by strategic government initiatives and international partnerships. These concerted efforts are all set to make India a reliable and strategic player in the global semiconductor industry. Where does Delta Electronics India stand today in...

Freyr Energy Targets Solarization of 1,000+ Homes in Uttar Pradesh by March 2025

Freyr Energy Targets Solarization of 1,000+ Homes in Uttar Pradesh by March 2025 Freyr Energy, is set to significantly boost residential solar adoption in Uttar Pradesh. The company announced plans to solarize over 1,000 households by March 2025, building on its successful solarization of 10 villages in Lakhimpur and Bahraich districts, where it has achieved a total installed capacity exceeding 300 kW. Freyr Energy has already made notable contributions to Uttar...
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