Author: Rajesh Nath

The 9th edition of the VDMA Business Climate Survey was conducted in April 2021. More than 100 participants across all sectors of the mechanical engineering industry shared their evaluations regarding their company’s business and the situation of their most important customer industries.VDMA India conducts the VDMA Business Climate Survey twice every year, in spring and again in autumn. This survey is an integral part of our association’s activities here in India. And we regard this joint initiative between the association and our members as an additional compass playing a major role in future decision making. The big advantage of participating…

The Indian Government is planning to boost domestic manufacturing and increase the manufacturing GDP in India, apart from inviting foreign companies to set shop in India, the PLI scheme also aims to encourage local companies to set up or expand existing manufacturing units. What is the PLI Scheme?Production Linked Incentive Scheme or the PLI Scheme was announced pursuant to the Atma Nirbhar Bharat campaign. The Government in Budget 2021 announced a commitment of INR 1.97 lakh crores (Euro 23 Billion) over five years (starting from FY 2021 – 22) for the PLI scheme to boost India’s manufacturing sector.The purpose of…