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You are at:Home » Union budget 2025: National manufacturing mission for medium and medium and medium -sized industries Soon | Business News
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Union budget 2025: National manufacturing mission for medium and medium and medium -sized industries Soon | Business News

Adnan MaharBy Adnan MaharFebruary 3, 2025No Comments3 Mins Read0 Views
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The Central Government was planned to be established for small, medium -sized and large -scale industries focusing on clean high -tech manufacturing.

Mission missions include five priority fields: ease and cost of business, high demand, MSMES, technology available, and high -quality products.

The announcement of the mission is that India aims to increase the market share of the production of gross domestic production (GDP) from 17 % to 25 %. The Economic Survey 2024-25 also stated that it is “recovering steadily”, while the Indian manufacturing and growth “is slightly below the trajectory before the pandemic.”

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Under the mission, Clean Tech manufactures is supported to improve the addition of home value of Solar PV cells, electric vehicles (EVs), grid scale batteries, electrolytes, wind turbines, and high voltage permeability.

This mission controls 80 % of the world’s battery production capacity and helps China’s rule in clean technical spaces that produce about 80 % of the main components used in solar cells.

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“The vertical integration of China, which overall electric vehicles from mining to EV production (EV) supply chain, has maintained global rule in this sector. It is also appropriate to keep in mind that about 70 % of the rare earth minerals are processed by Chinese companies. “

Citaraman announced on Saturday, a focus product scheme for Indian shoes and leather sector. “This scheme supports the machines necessary for design capacity, component manufacturing, and non -leather quality shoes, in addition to leather shoes and product support. This scheme promotes 220,000 employment. She is hoped to create RS 4 LAKH crawl sales and exports of 1.1,000 or more, “she said.

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The government has specifically identified the production of electronic devices as a major factor in growth over the next few years, and all 8,885 rupees are all 8,885 rupees for the production linked (PLI) scheme for 2025-26 smartphone production. We have a budget for manufacturing the highest smartphone in the PLI scheme.

With the PLI scheme, Apple has created an important contract conference base in Japan via FoxConn. Companies such as Samsung are increasing in Japan, and Google and others have started manufacturing.

Production based on this scheme is used not only for domestic demand but also for exports. As a result, smartphones have emerged as the second largest export category in India, according to the harmonious system (HS) code used for international trade classification by the World Trade Organization (WTO).

Indianexpress

Agam Juria is a correspondent of Indian Express and reports on power, renewable energy, and mining. His work relies on complex relationships between companies, governments, and policies, and often depends on documents procured through the RTI law. From the beat, he runs through Delhi’s parks and forests, walks to the place, and enjoys cooking pasta. … read more



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Adnan Mahar
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Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

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