Manish Bhatnagar, Managing Director, SKF India
Technology

Manish Bhatnagar, Managing Director, SKF India

(Bearings and seals)

After the global 2020 interruption, the economy is clearly on the revival mode and we are positive that 2021 will be a game changing year specifically for the Indian manufacturing sector. The flexible nature of the Indian economy will help expedite the recovery path; however, it needs to be backed by robust policy and investment interventions. We also expect the upcoming budget to address and resolve some of the pain points such as increased cost of raw materials like steel, rise in import freight, IP safety regulations and labour laws.

(Bearings and seals) After the global 2020 interruption, the economy is clearly on the revival mode and we are positive that 2021 will be a game changing year specifically for the Indian manufacturing sector. The flexible nature of the Indian economy will help expedite the recovery path; however, it needs to be backed by robust policy and investment interventions. We also expect the upcoming budget to address and resolve some of the pain points such as increased cost of raw materials like steel, rise in import freight, IP safety regulations and labour laws.

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NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

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