Surat: Some big announcements have been made for the industry in the union budget 2026-27 presented by Finance Minister Nirmala Sitharaman. There are special packages and schemes announced for industries ranging from semiconductors to textiles and MSMEs. President of SGCCI Nikhil Madrasi said, “The chamber had demanded a special scheme to set up a Center of Excellence in India for the textile sector. In the budget, Union Finance Minister Nirmala Sitharaman had announced a fund to set up a Center of Excellence. Apart from this, the chamber had also demanded a Cluster Wise Upgradation Fund, which was also announced in…
Author: Melvyn Thomas
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Gandhinagar: The Gujarat government has given three big industrial units with final eligibility certificates under the “Atmanirbhar Gujarat–2022” Scheme for the Large and Thrust Sectors. This was announced at the high-level committee meeting led by Deputy Chief Minister Harsh Sanghavi, who made important decisionswith the goal of making Gujarat the most appealing place in the world for investors. Three big companies have been given the go-ahead to invest a total of ₹1,371.38 crore. This will create a lot of new jobs in the state. The approved investments are broken down by district and sector. For example, in Bharuch district, ₹491.28…
Vadodara: Art lovers in Vadodara city will once again immerse themselves in the grandeur of artistic creation. The Torrent Group-supported UNM Foundation will present Expression – The City Arts Project in Vadodara for the fourth consecutive year. This year’s edition of Expression in Vadodara city will showcase some of the most acclaimed creations in theatre, dance and music by artists from Ahmedabad and Vadodara. For the first time in Vadodara, art lovers will get the opportunity to witness interactive and multimedia artworks in the visual arts exhibition. Held at Alembic Art District, Vadodara The presentations will be held on 31st…
Ahmedabad: Suzlon Group said that its renewable energy company in India has won a 248.85 MW wind energy order from the ArcelorMittal Group. Suzlon has been given the wind part of a 550 MW hybrid project in Gujarat. The wind part will be used at ArcelorMittal Nippon Steel’s facilities in India. Under the terms of the contract, Suzlon will send 79 S144 wind turbine generators, each with a capacity of 3.15 MW, to Bachau in the Kutch district for installation. According to the company, this is Suzlon’s fourth big wind order to help make steel production less carbon-intensive. It will…
Ahmedabad: The ‘Traditional Tribal Handicrafts, Food, Herbal Medicines Sale and Exhibition Fair’ was inaugurated by the Tribal Development Minister Nareshbhai Patel at Sabarmati Riverfront, Ahmedabad. This sale and exhibition fair, organized by the Gujarat Tribal Research and Training Society, operating under the Tribal Department, will be held till February 3. Free stalls have been allotted to all tribal brothers and sisters in this fair. Here, famous tribal dance teams will present various tribal dances every night and a total of 75 stalls and 112 artisans-Vaidu Bhagats are present. The Minister visited the stalls of tribal artisans and Vaidu Bhagats and…
Surat: The Southern Gujarat Chamber of Commerce and Industry (SGCCI) and various trade associations have submitted a representation to the Union Finance Minister to increase the MSME turnover limit from Rs 2 crore to Rs 10 crore in the upcoming budget of 2026-27 to help the unit holders avail exemption from complicated accounts. SGCCI has proposed that the TDS should have three slabs instead of the complex tax rates ranging from 1% to 30%. Some changes in the policies and regulations on sensitive issues like MSME registration and definition, taxation, tax deduction etc. will free small and medium scale entrepreneurs…
Ahmedabad: Japan Credit Rating Agency (JCR), Japan’s leading rating agency has initiated ratings of three Adani Portfolio companies—Adani Ports & SEZ(APSEZ), Adani Green Energy Ltd. (AGEL) and Adani Energy Solutions Ltd. (AESL), assigning long-term foreign currency credit ratings with a Stable outlook to all three group companies. This is a significant milestone in the Group’s global credit journey and reinforces its underlying credit strength. JCR has assigned Adani Ports and Special Economic Zone Ltd. (APSEZ) a A- (Stable) rating, representing a rare breach of the sovereign threshold by an Indian corporate by an international rating agency. Adani Green Energy Ltd.…
Ahmedabad: Adani Power Ltd. [“APL”], a part of Adani portfolio of companies and India’s private sector largest thermal power generator, today announced the financial results for the third quarter and nine months ended 31st December 2025. Commenting on the results, Mr SB Khyalia, CEO of Adani Power Limited, said, “Adani Power continues to deliver strong performance and maintain robust liquidity, thanks to our significant competitive advantages and cost-efficient power plants. We are swiftly securing long-term power purchase agreements for our upcoming capacities, with nearly half of our 23.7 GW expansion already tied up in PPAs with State DISCOMs. Our project…
Ahmedabad: The Indian textile industry has welcomed the Free Trade Agreement (FTA) between India and the European Union (EU) stating that the textile sector, especially the man-made fabric (MMF) sector will get a major boost amid the growing global uncertainty. Ronak Chiripal, Director of the Chiripal Group said the agreement brings renewed optimism at a time when tariffs are rising worldwide and trade conditions are becoming increasingly unpredictable. He pointed out that trade between India and the EU had already crossed €120 billion in 2024, making the EU India’s largest trading partner. “For years, Indian exporters have faced higher tariffs…
Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) has officially announced the theme for the prestigious Artisan Jewellery Design Awards 2026, “Quantum Couture – Re-Engineering Beauty and Cultural Codes.” Launched as a call to push boundaries, the 2026 edition invites designers to move beyond convention and create wearable art for a radically evolving world—where jewellery design, legacy and technology coexist as parallel realities. The 2026 edition impels participants to push boundaries, move beyond boxed thinking and convention, and create wearable art for an evolving world—where jewellery design, heritage and technology coexist in a meaningful manner. “Quantum Couture” shifts the…
