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Industry India’s industrial strategy is increasingly shifting from simple assembly operations toward High-Tech Manufacturing and Strategic Indispensability. The focus is on strengthening domestic manufacturing capabilities, improving quality standards and building resilience in critical global supply chains. Aspect Details Industrial Focus The industrial sector is moving toward high-tech manufacturing and strengthening India’s position in critical global supply chains. PLI Scheme The Production Linked Incentive (PLI) Scheme now spans 14 sectors and has generated investment of Rs. 2.0 lakh crore along with 12.6 lakh jobs. India Semiconductor Mission The India Semiconductor Mission (ISM) approved projects worth Rs. 1.60 lakh crore across 6…
20 April, 2026
Industries and Industrial policy
Revised Criteria for Classifying MSMEs On 21st March 2025, the Ministry of Micro, Small and Medium Enterprises revised the classification criteria for MSMEs. The revised MSME classification criteria came into effect from 1st April 2025, increasing both investment and turnover thresholds across enterprise categories. Enterprise Category Earlier Investment Limit Revised Investment Limit Earlier Turnover Limit Revised Turnover Limit Micro Enterprise Rs. 1 crore Rs. 2.5 crore Rs. 5 crore Rs. 10 crore Small Enterprise Rs. 10 crore Rs. 25 crore Rs. 50 crore Rs. 100 crore Medium Enterprise Rs. 50 crore Rs. 125 crore Rs. 250 crore Rs. 500 crore…
19 April, 2026
Industries and Industrial policy
National Industrial Classification (NIC) 2025 On 18th November 2025, the Ministry of Statistics and Programme Implementation (MoSPI) released the National Industrial Classification (NIC) 2025. NIC 2025 updates the 2008 framework and aligns India’s industrial classification system with the United Nations’ International Standard Industrial Classification (ISIC) Revision 5. Aspect Details Objective NIC 2025 standardises economic activity classification for surveys, censuses, national accounts and policymaking. Updated Framework The new classification updates the earlier NIC 2008 framework. Global Alignment NIC 2025 aligns with the UN’s International Standard Industrial Classification (ISIC) Revision 5. 6-Digit Coding The framework has been upgraded from a 5-digit to…
19 April, 2026
Industries and Industrial policy
Startup India Fund of Funds 2.0 On 13th February 2026, the Union Cabinet approved the establishment of the Startup India Fund of Funds 2.0 (FoF 2.0) with a corpus of Rs. 10,000 crore. The initiative has been launched under the broader Startup India programme to strengthen India’s startup ecosystem and deepen access to growth capital. Aspect Details FoF 2.0 Approval The Union Cabinet approved the Startup India Fund of Funds 2.0 with a total corpus of Rs. 10,000 crore. Startup India Vision The new fund builds on nearly a decade of efforts under the Startup India initiative to establish India…
18 April, 2026
Industries and Industrial policy
MSMEs: Core of India’s Global Growth Strategy The Union Budget 2026-27 places Micro, Small and Medium Enterprises (MSMEs) at the centre of India’s growth strategy with a major focus on competitiveness, exports, employment and financing support. The Budget introduces a three-pronged strategy covering equity support, liquidity support, and professional support to help MSMEs emerge as globally competitive enterprises. Aspect Details SME Growth Fund A dedicated Rs. 10,000 crore SME Growth Fund has been announced to create future MSME champions through eligibility-based incentives. SRI Fund Expansion The Self-Reliant India (SRI) Fund, established in 2021, will receive an additional Rs. 2,000 crore…
18 April, 2026
Industries and Industrial policy
Mines and Minerals (Development and Regulation) Amendment Act, 2025 On August 19, 2025, the President of India gave assent to the MMDR Amendment Act, 2025, modernizing the 1957 framework. It aims to secure supply chains for critical and strategic minerals essential for India’s green energy transition and high-tech sectors. India faces high import dependency for deep-seated minerals like Lithium, Cobalt, and Gold due to high exploration costs and limited domestic identification. The Act seeks to incentivize domestic mining to ensure resource security for electronics, EVs, and defense. Key Provision Details Lease Flexibility Leaseholders can add critical minerals such as Lithium,…
09 April, 2026
Industries and Industrial policy
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