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Jun 21, 2023

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MSMEs driving 40% of India's total exports: Shiprocket survey

Micro, Small and Medium Enterprises (MSMEs) are driving about 40 per cent of India's overall exports and contribute approximately 6.22 per cent to the country's GDP, said a...

Footwear industry to comply with quality control orders from July 1

The government in consultation with the footwear industry recently decided not to extend the deadline for complying with the mandatory quality standards - which will come into force...

SIDBI and Niti Aayog to finance 50,000 EVs for MSMEs

Small Industries Development Bank of India (SIDBI) has tied up with the Niti Aayog, World Bank, Korea-World Bank partnership facility and Korean Economic Development Cooperation Fund to finance...

Finance Ministry extends time for MSMEs to submit refund claims till July 31

In a recent move, Ministry of Finance has extended the deadline for MSMEs by a month, till July 31, to submit refund claims for performance or bid security...

Rubber Research Institute of India develops butt plates for assault rifles

The Rubber Research Institute of India has developed synthetic rubber-based butt plates for fully automatic assault rifles manufactured by the Ordnance Factory, Tiruchirappalli. These assault rifles are the...

Yokohama to spend Rs. 671 crore to increase India's supply of passenger tires

A Japanese tyre manufacturer, Yokohama Rubber Company, has announced intentions to increase its production of passenger vehicle tyres in India. Yokohama India will spend around 671 crore rupees ($80...

Continental launches UltraContact NXT tire series

The UltraContact NXT is Continental's most sustainable series tire to date. The new line is composed of up to 65% renewable, recycled and mass-balance-certified materials, without compromising on...

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