Insights

Govt Schemes Helped In Increasing EV Production In India

Opportunity India Desk Dec 13, 2023 - 3 min read

In order to attract both domestic and global industries for the manufacturing of electric vehicles in India, central government has taken various steps and launched variety of schemes to help the manufacturer. Minister Of Heavy Industries Mahendra Nath Pandey informed Lok Sabha that government has approved the Production Linked Incentive (PLI) Scheme for ...

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MSME Sector Sales Move Up In October, Signal Robust Growth In Coming Months

Opportunity India Desk Dec 13, 2023 - 3 min read

The Jocata-Sumpoorn index, a key indicator of sales activity for credit-seeking micro, small, and medium enterprises (MSMEs), surged to 0.62 in October, signaling a shift from the mild expansion zone, observed over the past five months, to moderate. The rising index suggests a potential breakthrough towards robust growth in the coming months.

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US Apples Re-enter Indian Market, Import Jumps 40 Times In 3 Months

Opportunity India Desk Dec 13, 2023 - 3 min read

With the removal of ‘retaliatory import duty’ on US apples, India has witnessed a surge in the import of American apples, with 40-fold increase over the past three months. During the 2017-18 period, US apple imports reached a record high of over 7 million boxes but experienced a significant decline to just 50,000 ...

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Dual Financing Strategy To Enhance MSMEs' Role In Renewable Energy Shift: IREDA

Opportunity India Desk Dec 11, 2023 - 3 min read

IREDA Chairman and Managing Director Pradip Kumar Das has announced the adoption of a dual financing strategy to enhance the role of micro, small, and medium enterprises (MSMEs) in the transition to renewable energy. Emphasizing the economic and environmental contributions of MSMEs, Das reiterated Indian Renewable Energy Development Agency’s (IREDA) dedication to promoting ...

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ONDC, MSME Mart To Empower Small Businesses In E-commerce Evolution

Opportunity India Desk Dec 11, 2023 - 3 min read

The Government's open e-commerce network, ONDC, is actively collaborating with the MSME Ministry to facilitate the onboarding of micro, small, and medium enterprises (MSMEs), said Union Minister of State for Commerce and Industry Som Parkash. The initiative involves utilizing existing seller applications and integrating with MSME Global Mart, a business-to-business portal ...

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DPIIT Holds Meet With World Bank To Elevate Country’s Logistics Efficiency

Opportunity India Desk Dec 08, 2023 - 3 min read

The Department for Promotion of Industry and Internal Trade (DPIIT) recently held a meeting with World Bank and showcased ongoing initiatives and forthcoming reforms aimed at elevating India's logistics efficiency. Sumita Dawra, Special Secretary (Logistics), DPIIT, said, “The primary focus of the meeting was to unveil a collaborative action plan shared by ...

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RBI Holds Steady At 6.5% Repo Rate, Hikes Growth Forecast To 7%

Opportunity India Desk Dec 08, 2023 - 7 min read

The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das on Friday opted to maintain the repo rate at 6.5 per cent following a comprehensive evaluation of the evolving macroeconomic developments. This is the fifth consecutive meeting in which the MPC has chosen to maintain the existing status on the repo rate. ...

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EV Battery Recycling, A Key To Long-Term Sustainable E-Mobility

Opportunity India Desk Dec 08, 2023 - 5 min read

As the electric vehicle market in India is rapidly growing with many companies coming up with their latest models of EV, it faces a critical need for a robust infrastructure to manage its energy demands for coming years. While there is an emphasis on expanding lithium-ion battery cell production, a key aspect that ...

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Textiles Ministry Extends PLI Applications Date Till December 31

Opportunity India Desk Dec 07, 2023 - 2 min read

The Ministry of Textiles has decided to extend the application deadline for new submissions under the Production Linked Incentive (PLI) scheme for textiles. The revised deadline for fresh applications is now set for December 31, 2023. The extension includes categories such as manmade fiber (MMF) apparel, MMF fabrics, and technical textile products.

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Startup India: Nearly 1.16 Lakh Entities Get Recognition In 8 Years

Opportunity India Desk Dec 07, 2023 - 3 min read

Country’s startup ecosystem is flourishing, with close to 1.16 lakh government-recognized startups operating under the Startup India initiative. The government has officially acknowledged 1,14,902 entities as startups as of October 31, 2023, since the program's launch in 2016, said Minister of State for Commerce and Industry Som Parkash. While the Ministry reported this ...

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