Hindalco Industries Ltd, the largest aluminium manufacturer in India, has urged the government to place a limit on the import of low-cost semis, wire rods and scraps from China, South East Asia and the US. The company has quoted the rising share of inbound shipments in domestic demand as the
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Central Industry News
The Central News includes industry-news at the national level. This includes industry and finance policies put forth by the Government of India that would be applicable to all industries, including medium and small industries in Peenya. The Central News would be for the information and benefit of the industry members of the Peenya Industries Association.
The Central Industry News includes policies, statements, opinions by the finance and medium and small industries, and also chiefs of the industrial organisations at the national level, trends about industrial sectors from the point of view of their present situation. The Central Industry News also includes news articles about chiefs of trade and industrial associations sending their recommendations, opinion, memorandums, for the information of the members of the Peenya Industries Association.
Also, the Central Industry News would include news of a minister being allocated the small and medium industries portfolio, or formation of new government after the Lok Sabha elections.
Solar Tariffs Witnesses Lowest Ever Tariff in Reverse Auction
President Inaugurates One District One Product Summit
President Ram Nath Kovind inaugurated the “One District One Product” Summit in Lucknow, Uttar Pradesh. The president told the audience that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the country’s economy, and is the second largest employer after the agricultural sector. He added that the MSMEs offer more
PM Modi Says Biofuel can provide Momentum in this century
Prime Minister Narendra Modi says Biofuels can be the catalyst to provide momentum in the 21 st century. He said this while addressing gathering of people from various backgrounds such as farming, science, business, students, government officials, legislators and more, in New Delhi. Biofuel, products produced from crops can change the
MSME Sector gets some relief as Lok Sabha Passes GST Bills
Poor Quality Chinese Goods Troubling Indian Industry
A Parliamentary Committee submitted its 55th report on “Impact of Chinese Goods on Indian Industry” to the government. The government presented this report in the Rajya Sabha, which recommended completely protecting the Indian industry against illegitimate, protectionist and unfair trade practices of any country. The parliamentary committee noted in the report
World Biofuel Day on 10 August
To highlight the importance of non-fossil fuels as alternative to the normally used fossil fuel, the World Biofuel Day is observed every year. The World Biofuel Day also highlights the efforts that the governments have made in this sector. In India, the Ministry of Petroleum and Natural Gas has been
Government Puts Forth 4 GST Amendment Bills to Help MSMEs
FICCI Welcomes GST Council Initiative To Address MSME Issues
The Federation of Indian Chambers of Commerce & Industry (FICCI) has welcomed the Goods and Service Tax (GST) Council’s initiative to discuss the issues that Micro Small and Medium Enterprises (MSMEs) face. FICCI President Rashesh Shah said that the group of ministers headed by the Minister of State for Finance
Indian Machine Tool Industry Projected to Grow at 5.5 percent in 2019
India has many machine tool manufacturing units. The machine tool industry in India is highly fragmented, yet its market is expanding. The Indian machine tools industry is projected to grow at 5.5 per cent per year through 2019. Growing demand in China and other developing countries is the reason behind