New Delhi, July 26 (IANS) India’s export footprint continues to expand across diverse global markets, reflecting the growing competitiveness of Indian products and stronger trade partnerships, the Ministry of Commerce and Industry said on Sunday.The Ministry said the country’s merchandise exports continue to demonstrate resilience, supported by sustained demand and deeper engagement with international markets.”India’s export footprint continues to expand across diverse global markets, reflecting…
Latest Manufacturing News & Updates
New Delhi, July 24 (IANS) India’s private sector activity remained on a growth trajectory in July, backed by manufacturing output and rising export orders, despite a moderation in services activity, according to the HSBC Flash India PMI data released on Friday.The seasonally adjusted HSBC Flash India Composite PMI Output Index came in at 54.3 in July from 57.1 in June. A reading above 50 indicates growth in business activity, the data showed.The moderation was primarily driven by the services se…
New Delhi, July 23 (IANS) Improving rail accessibility for micro, small and medium enterprises (MSMEs) could unlock significant rail freight growth by lowering logistics costs and adding a customer segment for rail services, a report said on Thursday.The report from FICCI and KPMG in India said many MSMEs remain dependent on road transport despite rail’s structural cost advantage because of fragmented consignments, limited cargo aggregation, inadequate terminal access, first‑ and last‑mile…
Bhopal, July 22 (IANS) The Madhya Pradesh government has decided to open at least one farm machinery rental shop in every Assembly constituency to improve farmers’ access to modern agricultural equipment, particularly for small and marginal landholders. The initiative is being taken on the directions of Chief Minister Mohan Yadav as part of the state’s focus on farm mechanisation during the “Year of Farmers’ Welfare”.According to the state government, 5,260 farm machinery rental centres are alre…
Mumbai, July 22 (IANS) The proposed India–New Zealand Free Trade Agreement (FTA) is expected to come into force soon and, together with the newly elevated Strategic Partnership between the two countries, is expected to help double bilateral trade by 2030, New Zealand’s Trade Commissioner and Consul-General to India and South Asia, Graham Rouse, said on Wednesday.In an exclusive interview with IANS, Rouse said the recent elevation of India–New Zealand ties to a Strategic Partnership marks a h…
New Delhi, July 22 (IANS) Visakhapatnam retained the top spot among India’s non‑metro job markets among the fastest‑growing smaller cities for hiring and migration, a report said on Wednesday.The report from professional networking platform LinkedIn said Visakhapatnam was followed by Ludhiana, Surat, Vadodara and Prayagraj — occupying the top five positions.It underscored the rise of non‑metro hubs that are expanding beyond legacy industries. Technology, financial services, manufacturi…
New Delhi, July 21 (IANS) India’s installed renewable energy capacity has increased nearly fourfold, from 76.38 GW in 2014 to 288.58 GW as of June 30, 2026, according to information tabled in Parliament by the government on Tuesday. Solar power leads the country’s renewable energy segment with an installed capacity of 162.15 GW, followed by wind power at 57.44 GW and hydropower at 57.24 GW. The remaining 11.75 GW is accounted for by bio power, Minister of State for New & Renewable Energy…
Washington, July 21 (IANS) US President Donald Trump signed a proclamation creating a new tariff incentive programme aimed at encouraging companies to build, expand or refurbish aluminium smelters in the United States, saying the move would strengthen the country’s industrial base and address national security concerns tied to imports.The proclamation directs the Secretary of Commerce to establish an investment incentive programme under Section 232 of the Trade Expansion Act of 1962 for companie…
Mumbai, July 20 (IANS) The recently concluded India-United Kingdom Free Trade Agreement (FTA) is a landmark development that is expected to provide a major boost to Indian businesses across sectors, with benefits extending from large corporations to micro, small and medium enterprises (MSMEs), an industry body said on Monday.Speaking exclusively to IANS, Indian Merchants’ Chamber (IMC) President Prof. Mahendra Kumar Chouhan described the agreement as a “historic step” that would strengthen India…
Chisinau, July 20 (IANS) The Ministry of External Affairs (MEA) on Monday stated that the relations between India and Moldova are poised to enter a new era of closer engagement and enduring friendship following President Droupadi Murmu’s ongoing State Visit to the Eastern European country. “India-Moldova relations are poised to enter a new era of closer engagement and enduring friendship. We may also look at it from the angle of expanding India-Europe engagement.” said Sibi George, Secretary (We…