Tag
Import Substitution
5 articles
Recent government initiatives and corporate developments signal increased investment in India's manufacturing sector. The Cabinet approved a substantial ₹37,500 crore scheme to promote coal gasification, aiming to reduce import dependence and create jobs, alongside extending coal linkage tenure for related projects. Separately, the Ministry of Heavy Industries extended the deadline for bids under the Rare Earth Permanent Magnet (REPM) scheme, crucial for electric vehicles and other strategic sectors. Ratnaveer Precision Engineering secured approval for a ₹338 crore CCL project, while Bhansali Engineering Polymers announced a ₹200 crore capacity expansion, demonstrating ongoing diversification and growth within the engineering polymers market.
India Targets $1 Trillion Exports in 2026
India sets $1 trillion export target for current year and $2 trillion target over next five years as national mission.
Exports reached $863 billion, 5% higher than previous year despite global challen
MHI Extends REPM Scheme Global Tender Deadline
Ministry of Heavy Industries extended REPM scheme bid submission deadline from May 28 to June 29, 2026.
Scheme has ₹7,280 crore outlay to establish 6,000 MTPA rare earth magnet manufacturing capacity
Cabinet Approves ₹37,500 Crore Coal Gasification Scheme
Cabinet approves ₹37,500 crore scheme to promote surface coal/lignite gasification projects targeting 75 MT gasification.
Scheme aims to substitute imports worth ₹2.77 lakh crore (FY25) of LNG, urea,
Cabinet Approves ₹37,500 Crore Coal Gasification Scheme
Cabinet approves ₹37,500 crore scheme to promote surface coal/lignite gasification projects targeting 100 MT gasification by 2030.
Scheme provides 20% incentive on plant machinery cost with individual
Ratnaveer FY26 Results & CCL Project Approval
Ratnaveer Precision Engineering submitted FY26 financial results to stock exchanges on May 12, 2026.
Company received approval for ₹338 crore Copper Clad Laminates manufacturing project under ECMS sch