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News
Updates
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Telangana govt will look into
MSME issues, says Jayesh Ranjan
(Telangana Today, April 2, 2020). |
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Garuda Aerospace in talks to
close $15 million in Series A funding
(Hindu Businessline, April 3, 2020). |
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Police to issue passes
for inter-district travel
(Outlook, April 4, 2020). |
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M&M refuses Rs 3,078 crore
fresh equity injection in SsangYong
(ANI, April 4, 2020) |
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Only consumer goods may see
green shoots amid coronavirus pandemic
(Business Standard, April 4, 2020). |
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ADB warns the global cost
of Coronavirus crisis could top $4 trillion
(ET Auto, April 4, 2020). |
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German Precision Tool Industry
Projects Decline in Consumption
(Modern Machine Shop, April 4, 2020). |
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Noida industrialists, entrepreneurs
seek relief package amid lockdown
(Hindustan Times, April 5, 2020). |
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Central Government Advisories
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Ministry of Micro, Medium
and Small Enterprises
Compendium of steps taken by Govt. of India to support MSME sector in the fight against COVID-19 pandemic. Read more |
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Reserve Bank of India
Has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect. Read more |
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State Government Advisories
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West Bengal Small Industries Development Corporation
The state government has issued a short tender notice on emergency procurement of hand sanitizers. Read more
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Bengaluru Customs Zone
Appointment of nodal officers for Bengaluru Customs Zone for facilitating customs clearance amidst Covid-19 crisis. Read more
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Central Government Notifications |
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Ministry of Corporate Affairs
In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs (MCA), has introduced the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020”. Read more
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Reserve Bank of India
RBI has decided to increase the present period of realization and repatriation to India of the amount representing the full export value of goods or software or services exported, from nine months to fifteen months from the date of export, for the exports made up to or on July 31, 2020. Read more
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State Government Notifications |
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Government of Tamil Nadu
Sanction of special incentive package to promote manufacturing of COVID-19 related medical equipment and drugs in Tamil Nadu. Read more
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Government of West Bengal
Extension of validity of all types of permits, driving licence, registration and any other documents till June 30, 2020. Read more
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National Best Practices |
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Council of Scientific and Industrial Research-Institute of Microbial Technology
CSIR-IMTECH takes up sample testing for Covid-19. CSIR-IMTECH is also supporting healthcare professionals by providing Personal Protection Equipment. Read more
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Naval Dockyard, Mumbai
Naval Dockyard, Mumbai has designed and developed its own handheld IR based temperature sensor for undertaking screening of large number of personnel at the entry gates of the yard reducing the load on the security sentries at the gate. Read more
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Aditya Birla Group
The group has commenced the production of one million triple layer surgical masks and 100,000 coverall garments with the support of the Textiles Ministry. Read more
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Hyundai
Hyundai Motor India is developing a ventilator in-house and has already submitted the prototype to the Tamil Nadu government for consideration. Read more
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Global Best Practices |
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AutomationEdge
The company has successfully released two covid-19 crisis response appbots to fight the pandemic. These appbots use RPA technology enabling employees to notify their health status to their employees. Read more
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Samsung
The company has donated phones to quarantined coronavirus patients. It is also helping retool factories that produce face masks. Read more
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Volkswagen
In response to the corona crisis, the Volkswagen Group has started to produce face shield holders by 3D printing. Read more
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Ford
The automobile manufacturing giant is manufacturing thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named “Project Apollo”. Read more
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Special Reports |
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BDB
A report on the economic impact and road ahead. Read more
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KPMG
Potential impact of Covid-19 on the Indian economy. Read more
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Published by Indian Machine Tool Manufacturers'
Association (IMTMA), Bangalore International Exhibition Centre (BIEC),
10th Mile, Tumkur Road, Madavara post, Bangalore - 562 123. Tel.: +91 80
6624 6600 Fax: +91 80 6624 6661 E-mail: imtma@imtma.in
Web: www.imtma.in
Disclaimer: The content and figures shown in the newsletter have been taken from different websites and IMTMA does not take responsibility for the accuracy of the same.
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