Page-5 of manufacturing sector Current Affairs, GK & News

Union Cabinet approves amendment in Modified Special Incentive Package Scheme

The Union Cabinet has given its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) for electronics manufacturing. These modifications will further incentivize investments in electronic sector and move towards Union Government’s goal of ‘Net Zero imports’ in electronics by 2020.  Key Amendment The applications will be received under M-SIPS scheme till December ..

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PM launches National SC/ST hub and Zero Defect – Zero Effect scheme

Prime Minister Narendra Modi launched the National SC/ST hub and the Zero Defect, Zero Effect (ZED) scheme for Micro, Small and Medium Enterprises (MSMEs) at Ludhiana in Punjab. Besides, he also presented National Awards to MSMEs. He also distributed 500 traditional wooden charkhas (spinning wheels) among women. What is National SC/ST hub? The objective of ..

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Union Government approves NIMZ in in Kalinganagar, Odisha

The Union Government has given its final approval to setting up of National Investment & Manufacturing Zone (NIMZ) in Kalinganagar, Odisha. It will come up on a massive area of 163 square kilometres and on completion will be the third NIMZ of India. For execution NIMZ project, Union Ministry of Commerce and Industry has approved ..

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Centre announces 30 per cent tax sop for industries in Bihar

On 20 August 2015 Central government announced 30 per cent income tax rebate for establishment of new manufacturing plants and machinery in 21 ‘backward’ districts of Bihar. In order to give boost to economy and to attract new manufacturing units in 21 backward districts of Bihar Finance Ministry announced this special concession for five years ..

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Lenovo to make Smartphones in Chennai with Flextronics under Make in India initiative

Chinese personal computer and smartphone giant Lenovo has roped with electronics contract manufacturer Flextronics to start manufacturing facility in Sriperambudur, near Chennai. Lenovo has forayed in Indian smartphone manufacturing sector after the latest entrant Foxconn who will manufacture the phones in its facility and will invest $ 5 billion over a period of five years in ..

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