Industry Trends

Provide incentive in Budget for R&D, create specialised fin institution for long-term fund: MPC member Nagesh Kumar

RBI MPC member Nagesh Kumar urged the government to offer policy incentives for R&D and establish an institutional fund for long-term manufacturing capital in the upcoming Budget. He also suggested restoring the 200% weighted tax deduction for R&D expenditure and creating a specialized development financing institution for manufacturing to boost growth and competitiveness.

Industry Trends

Indian IT set for AI-led growth spurt in 2026: Uniphore Chief Umesh Sachdeva

After a year of caution and uncertainty, Indian IT services companies are entering 2026 with clearer AI strategies and rising confidence. As enterprises move from pilot projects to large-scale, production-grade AI deployments, demand for AI-led services, agents and industry-specific solutions is creating a sustained growth opportunity for the sector, according to Uniphore CEO Umesh Sachdeva.

Industry Trends

Budget 2026: Simpler tax laws may lift FDI flows; experts flag capital cost relief

Tax and economic experts urge the Union Budget to prioritize simpler tax laws and tax neutrality for corporate reorganizations to boost India's FDI appeal. Rationalizing the tax framework and lowering the cost of capital are seen as crucial for attracting sustained foreign investment amidst global uncertainty.

Industry Trends

Maruti Suzuki to invest Rs 35,000 crore to develop a new manufacturing plant in Khoraj, Gujarat

Maruti Suzuki India Limited will invest Rs 35,000 crore to set up a new vehicle manufacturing plant at Khoraj, near Gandhinagar, strengthening Gujarat’s position as one of India’s most important automobile manufacturing hubs. The proposed facility will be developed on 1,750 acres of land allotted by the Gujarat Industrial Development Corporation. The investment letter handover ceremony was held in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel and Maruti Suzuki India Limited Managing Director Hisashi Takeuchi. Deputy Chief Minister Harsh Sanghavi and senior executives from Maruti Suzuki were also present. According to the Gujarat government, the Khoraj project will comprise four manufacturing units, each with an annual production capacity of 2.5 lakh vehicles, taking the total planned capacity to 10 lakh cars per year. Production at the first unit is scheduled to commence from the financial year 2029. The board of Maruti Suzuki India Limited approved the inves...