News
Industrial News India
Industrial News India (Industry News) keeps the members of the Peenya Industrial Association, as well as the industries in and around Peenya, about industry-related and financial policies of the Karnataka government as well as the central government in New Delhi. The Industrial News ( industry news) covers industrial policies that the Ministry of Micro Small and Medium Enterprises, and the Ministry of Finance put forth.
Industrial News India (industry news) will also include news that includes official statements by the finance minister of the Karnataka government and MSME minister in the central government, which would either benefit or negatively affect the small and medium industries, including those in and around Peenya.
Industrial News India (industry news) also includes opinions by the heads of industrial associations within Karnataka or from other states or at the all-India level about policies of the government that usually affects businesses.
Industrial News India (industry news) also includes news about major public sector units such as BEL, ISRO seeking collaboration for manufacture of certain components for their projects. This kind of news would be an opportunity for industries including those in and around Peenya to express interest in bidding for collaboration.
CM asks DCs to identify lands for industrial clusters
[vc_row][vc_column][vc_column_text]Karnataka Chief Minister HD Kumaraswamy asked deputy commissioners of seven districts to identify land for establishing industrial clusters, as per the budget announcement earlier this month. He also asked the DCs to do everything necessary to accomplish the land conversion process for approved industries across the state. The chief minister had announced
KSPCB to have experts to inspect industries
[vc_row][vc_column][vc_column_text]The Karnataka State Pollution Control Board (KSPCB) will constitute an expert team to inspect industries and check if they are complying with the norms and not causing damage to the environment. According to a senior KSPCB official, the board wants to form a third-party committee consisting of experts from well-known institutions
State Government Hikes Water Tariff For Industrial Use by Nearly 100 Times
[vc_row][vc_column][vc_column_text] Industries in Karnataka will have to pay nearly 100 times more for water that they draw from reservoirs, canals, lakes and dams for industrial purposes. The Karnataka government has hiked the tariff from INR 3,200 to INR 3 lakh for every million cubic feet (MCft). The tariff of water drawn
Hyderabad to Host First Telangana MSME Expo in September
[vc_row][vc_column][vc_column_text]With an intention to boost the economy of Telangana and brighten business prospects, Chalk Talk, Ministry of Micro Small an Medium Enterprises and the Telangana State Government are together holding the inaugural edition of the Telangana MSME Expo 2018 in Hyderabad from 12 – 14 September 2018. “Sustainable Economic and Social
Karnataka Budget Evokes Mixed Reactions
[vc_row][vc_column][vc_column_text] The Karnataka Budget that Chief Minister H D Kumaraswamy presented on 5 July 2018, has evoked mixed reactions. The industrial sector and trade and commerce organisations expressed happiness that the chief minister’s budget proposed to set up a help desk for Goods and Services Tax (GST). They were also happy about
NSIC to Organise Technology Conference with South Korea on 10 July
[vc_row][vc_column][vc_column_text] The National Small Industries Corporation (NSIC), along with Small Business Corporation (SBC), South Korea, is organising “Technology Exchange Conference with South Korea” in New Delhi on 10 July. The India Habitat Centre (Jacaranda Hall) is the venue for the conference. After the conference, the Indian and South Korean MSMEs will hold
MSMEs to Get Export Promotion Council
[vc_row][vc_column][vc_column_text]With a view to help MSMEs boost their exports, the Ministry of Micro, Small and Medium Enterprises (MoMSME) plans to form an export promotion cell to work with other departments and export promotion councils. According to a top official, this will help to ship products such as khadi, leather and
Industry Running Smoothly Despite Cost Concerns
[vc_row][vc_column][vc_column_text] According to a monthly survey, June 2018 witnessed the highest-ever increase in manufacturing activity, due to a hike in domestic and export orders. This trend happened in spite of the highest increase in the input costs in nearly four years. Compared to 51.2 in May 2018, the Nikkei India Manufacturing Purchasing
Sudhakar Shetty Elected as New FKCCI President
[vc_row][vc_column][vc_column_text]Sudhakar S Shetty, currently the vice-president of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), assumed office as the president for 2018-19 with effect from 29 June 2018. Shetty began his entrepreneurial journey running a hotel. He then ventured into diverse fields such as journalism and education. He established