March 20, 2026
The Government of India has approved the Bharat Audyogik Vikas Yojna (BHAVYA), with an allocation of INR 336.6 billion to develop 100 plug-and-play industrial parks across the country. The scheme aims to strengthen industrial infrastructure and support manufacturing-led growth by enabling faster project implementation and reducing entry barriers for investors. In an official statement, the […]
March 14, 2026
India’s Shipbuilding Financial Assistance Policy (SBFAP) has provided in-principle approval to 288 shipbuilding contracts covering 456 vessels, with a combined contract value of INR 197.48 billion. The approvals span a range of vessel types and are aimed at supporting domestic shipyard activity. In an official statement, the Ministry of Ports, Shipping and Waterways said the […]
March 13, 2026
The Department-Related Parliamentary Standing Committee on Industry presented its Three Hundred and Thirty-Third (333rd) Report on the Demands for Grants (2026–27) of the Ministry of Micro, Small and Medium Enterprises (MSME) to Parliament on 11 March 2026. The report examines budget allocations, implementation of flagship schemes, credit support mechanisms, and structural challenges affecting the MSME […]
March 13, 2026
The Department-Related Parliamentary Standing Committee on Industry has submitted its 332nd Report to Parliament reviewing the Demands for Grants for the Ministry of Heavy Industries for 2026–27. The report highlights a budgetary shortfall, uneven progress in electric vehicle (EV) schemes, and delays in battery manufacturing and industrial incentive programmes. In an official statement, the committee […]
February 10, 2026
The Government of India has launched the third round of the Production-Linked Incentive (PLI) Scheme for Specialty Steel, designated as PLI Scheme 1.2, with the signing of 85 memoranda of understanding (MoUs) involving 55 companies. The projects entail a committed investment of INR 118.87 billion and are expected to add 8.7 million tonnes of specialty […]
January 13, 2026
The Ministry of Heavy Industries concluded 2025 with a sustained focus on strengthening India’s capital goods and machine manufacturing ecosystem, alongside continued scale-up of electric vehicle and battery programmes, as multiple incentive and technology schemes recorded measurable outcomes during the year. Implementation of the Scheme on Enhancement of Competitiveness in the Indian Capital Goods Sector […]
January 5, 2026
Motherson Electronic Components Private Limited (MECPL), a wholly owned subsidiary of Samvardhana Motherson International Limited, has secured government incentives under the Electronics Components Manufacturing Scheme (ECMS) for manufacturing enclosures for the consumer electronics industry in India. The incentives apply to investments planned over a six-year period from financial year 2025–26 to financial year 2030–31 and […]
January 3, 2026
The Government of India has approved 22 proposals under the third tranche of the Electronics Components Manufacturing Scheme (ECMS), with a projected investment of INR 418.63 billion and expected generation of 33,791 direct jobs. The approvals are aimed at expanding domestic electronics component manufacturing and strengthening supply chains across key electronics segments. According to a […]
December 29, 2025
India has notified operational guidelines for two shipbuilding initiatives—the Shipbuilding Financial Assistance Scheme and the Shipbuilding Development Scheme—aimed at expanding domestic shipbuilding capacity and improving global competitiveness. The combined budgetary outlay for the two schemes stands at INR 447 billion, with validity until 31 March 2036 and an in-principle extension envisaged up to 2047. In […]
November 4, 2025
The Ministry of Steel and Heavy Industries has launched the third round of the Production Linked Incentive (PLI) Scheme for Specialty Steel, known as PLI 1.2, to attract new investments in advanced steel categories and expand high-grade steel capacity in India. The scheme, launched on 4 November 2025 in New Delhi, is part of the […]
