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 20, 2026
The Ministry of Defence launched 107 innovation challenges under the Innovations for Defence Excellence (iDEX) framework at the National Defence Industries Conclave held in New Delhi on 19 March 2026. The initiative is aimed at advancing domestic defence manufacturing capabilities and strengthening participation from start-ups and micro, small and medium enterprises (MSMEs). In an official […]
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 24, 2026
The Office of the Principal Scientific Adviser to the Government of India (OPSA) and the Ministry of Heavy Industries (MHI) co-organised a stakeholder consultation on 23 February 2026 at the Central Manufacturing Technology Institute (CMTI) in Bengaluru to deliberate on the modalities of a proposed Advanced Manufacturing Systems Mission. The government said the consultation sought […]
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 […]
February 4, 2026
India has joined the BRICS Centre for Industrial Competencies (BCIC), a multilateral initiative aimed at supporting manufacturing companies and micro, small and medium enterprises (MSMEs) across BRICS countries, with an emphasis on Industry 4.0 capabilities. The development was formalised on 04 February 2026 at an event held at Vanijya Bhavan, New Delhi. The BCIC is […]
February 4, 2026
India is advancing a coordinated strategy to develop domestic capabilities in rare earth permanent magnets through a combination of regional infrastructure planning and targeted fiscal incentives announced alongside the Union Budget 2026–27. The measures are aimed at reducing import dependence in critical materials and supporting manufacturing growth in electric mobility, renewable energy, electronics, aerospace, and […]
February 2, 2026
The Union Budget 2026-27 outlines a comprehensive strategy to expand India’s manufacturing base through structural reforms, targeted fiscal incentives, and ecosystem development across strategic and frontier sectors. The approach reflects a transition away from assembly-led growth towards higher domestic value addition, capital goods capability, and technological self-reliance, positioning manufacturing as a core driver of productivity […]
