Day: August 2, 2025

Andhra Pradesh approves plan to offer up to $600 million for electronic components production

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Andhra Pradesh approved a $600 million incentive scheme on Friday to boost local electronics component manufacturing. This State-level initiative follows the Indian Central Government’s recent approval of a ₹229.19 billion ($2.62 billion) plan aimed at strengthening electronics manufacturing across the country, highlighting India’s push to expand its domestic tech production capabilities. India’s Southern State of […]

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Indian GCCs are Becoming the R&D Hub of the World

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With over 1,800 GCCs employing nearly two million professionals, more global enterprises are doubling down on innovation in GCCs. Far from being a mere support function, India’s GCCs have turned into a formidable sector driving cutting-edge innovation, groundbreaking research, development and digital transformation. For instance, Mercedes-Benz’s India R&D hub exemplified this shift by leveraging a […]

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MSME Sector Sees Continued Growth as NPAs Decline Sharply Over the Past 5 Years

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Several Comprehensive measures taken by the Government to reduce NPAs. The total advances outstanding to MSME sector has consistently increased over the last five years. The gross NPAs and gross NPA ratio of MSME Sector have continuously decreased during the same period. Further, as per the provisional data of FY 2025 i.e. till 31.12.2024, furnished […]

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MSMEs in defense, aerospace must maintain stringent quality to join global supply chain: BEL chief

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Bharat Electronics Limited Chairman, Manoj Jain emphasized that MSMEs in defense and aerospace must meet strict quality standards to integrate into the global supply chain. He highlighted the need for flexibility and regulatory compliance, urging a shift in mindset across the ecosystem. Micro, Small and Medium Enterprises in the defense and aerospace sectors must adhere […]

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