India's Export Promotion Measures Announced

25 Apr 2024 CW Team

India has announced a series of export promotion measures aimed at enhancing the country's export competitiveness and facilitating trade growth. These initiatives are part of the government's ongoing efforts to promote exports and boost economic recovery in the post-pandemic period.

One of the key measures introduced is the expansion of the Production Linked Incentive (PLI) Scheme to cover more sectors, including textiles, auto components, and advanced chemistry cell batteries. This expansion is expected to incentivize domestic manufacturing and boost exports in these sectors, thereby contributing to India's overall export growth.

Additionally, the government has announced the implementation of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme for all export goods. Under this scheme, exporters will be reimbursed for various embedded taxes and duties, further enhancing their competitiveness in international markets.

Furthermore, the scope of the Service Exports from India Scheme (SEIS) has been expanded to include more services, such as legal, accounting, and architectural services. This move is aimed at promoting India's service sector exports and capitalising on the country's strengths in these areas.

The government has also simplified procedures and documentation requirements for exporters, streamlining the export process and reducing transaction costs. These reforms are expected to make it easier for businesses to engage in export activities and expand their presence in global markets.

Overall, the announced export promotion measures demonstrate the government's commitment to supporting exporters and catalysing India's export-led growth trajectory. By providing incentives, simplifying procedures, and expanding the scope of existing schemes, India aims to boost its export competitiveness and achieve sustainable economic growth in the long term.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..