News & Events - Happening News in the Manufacturing Industry
Find the Happening News in the Manufacturing Industry below – In the Manufacturing Industry and for Capximize
What's happening in the Manufacturing Industry
Industry associations and chambers expect the government to roll out measures and changes in the policy to improve the country’s competitiveness as a global manufacturing hub and prioritise innovation and research and development.With the Union Budget 2024 just around the corner, industries eye a booster dose for the manufacturing sector and reforms to foster the growth of industries.
In a move aimed at further incentivising fresh investments in the manufacturing sector and promoting ease of compliance, the Indian government is reportedly considering extending the lower tax rate of 15 per cent for companies establishing new manufacturing units. As per reports, this extension is likely to be announced in the upcoming Interim Budget scheduled for 1 February, continuing the favourable tax rate until 31 March, 2025. The current tax provision, offering a reduced rate of 15 per cent, has been instrumental in attracting major players in the industry. Notably, giants like Apple and Foxconn have already capitalised on this advantageous tax rate by establishing manufacturing bases in India. The government is keen on sustaining this momentum to bolster the manufacturing sector and attract further investments.
What's happening in Capximize for the Manufacturing Industry
Diemex International Die and Mould Exibition
The Capximize Team thank all those who visited us in the Exibition at Booth No. E 16 of Hall on 27, 28, 29 October 2023
PRECITECH INDIA:
The Capximize Team thank all those who visited us at: Booth No. 16 of Hall – A, Venue: MIDC, Chinchwad, Pimpri-Chinchwad, Maharashtra 411019, on 11, 12, 13 October 2023