Category: Business

  • Tikitoro’s Startup Singham Pitch Turns Heads, Secures Strategic Investment

    Mar 16: Tikitoro, a pioneering kids’ and teens’ personal care brand founded by Prasanna Vasanadu, recently captured widespread attention on the entrepreneurial reality show Startup Singham, where its compelling pitch and powerful message about children’s skincare resonated with both audiences and investors.

    Tikitoro’s Startup Singham Pitch Turns Heads, Secures Strategic Investment

     The episode opened with a unique and memorable moment as children staged a playful yet thought-provoking mock protest, demanding skincare products specifically designed for them. Their message highlighted a genuine gap in the market: while babies and adults have dedicated personal care products, children and teenagers are often left using formulations not tailored to their developing skin.

    This introduction set the stage for Tikitoro’s mission. During the pitch, founder Prasanna Vasanadu shared how the brand was born from her personal journey as a mother searching for safe skincare products for her child. Concerned about harmful ingredients such as endocrine disruptors found in many personal care formulations, she set out to build a brand focused on clean, safe, and scientifically formulated products specifically designed for children aged 4 to 16 years.

    Since its launch, Tikitoro has experienced significant growth. What began as a two-member operation has expanded into a team of over 40 members, offering a portfolio of 25 carefully formulated products across kids’ and teens’ skincare categories. The brand has already earned the trust of more than two lakh parents and maintains a strong repeat purchase rate of 45 percent.

    All Tikitoro products undergo rigorous testing and trials before launch. Each product is dermatologically tested and paediatrician verified, ensuring high standards of safety and efficacy. The brand also follows strict research and product development protocols, including focus group feedback, and has received international safety certifications, including recognition from Safe Cosmetics Australia.

    During the pitch on Startup Singham, Prasanna Vasanadu sought an investment of ₹1.2 crore for 1.5 percent equity, valuing the company at ₹81 crore. Investors appreciated the brand’s category-defining vision and the founder’s strong commitment to safety, research, and innovation.

    Tikitoro ultimately secured a strategic investment from Mohan LKN at a valuation of ₹72 crore. The investment marks an important milestone for the brand and will support its expansion plans as it works toward becoming a ₹100-crore brand with a global presence.

    With its mission to provide safe, effective, and age-appropriate skincare solutions, Tikitoro is not only building a fast-growing brand but also leading a much-needed conversation around children’s skin health—ensuring that the youngest consumers finally have skincare products designed specifically for them.

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  • Provilac marks the Alphonso Mango season with Mango flavour high-protein milk

    Provilac marks the Alphonso Mango season with Mango flavour high-protein milk

    India, Mar 16th: Mindful eating is becoming increasingly important in modern-day India. This trend is having a significant impact on food consumption habits, especially when it comes to consuming dairy products like milk. To cater to the evolving needs of consumers, many dairy companies are exploring new product ideas, including providing healthier options and offering foods made from natural ingredients. So, to help celebrate the coming season of Alphonso Mangoes, Provilac has launched a new flavour of its high-protein milk (Mango Flavour High-Protein Milk) in March of this year. 

    This new product combines high-protein milk containing the premium Ratnagiri Alphonso mango pulp to provide a natural and delicious dairy product that is similar to freshly harvested mangoes. The unique flavour of the Alphonso mango is well known for its natural sweetness, deep aroma, and vibrant colour, making it one of the most valuable types of mangoes across India. The Mango Flavour High-Protein Milk offers all the great flavours and attributes of Alphonso mangoes while maintaining the balance of nutrition and indulgence, which Provilac’s core dairy products are known for. The product is manufactured with no preservatives, emulsifiers, stabilisers, or artificial colours, ensuring a natural and minimally processed formulation.

    Due to the increase in demand for convenient ways to add protein to diets, this limited seasonal launch would provide another source of protein in addition to the regular sources already identified in the market. The new mango flavour is great for all ages from 10 years onward and is a familiar product for people who want to achieve a balance of nutrition and taste within their daily diet. 

    Commenting on the launch, Siddharth Runwal Provilac said, “Seasonal foods carry a sense of anticipation in India. Alphonso mangoes arrive each year with a cultural memory that goes beyond taste. At Provilac, we wanted to bring that seasonal joy into a format that also reflects changing nutritional priorities. Milk has always been a daily ritual in Indian homes, yet its nutritional potential often remains underutilized. The idea behind this launch was to respect the familiarity of milk while elevating its role through higher protein and clean ingredients. Mango flavour high protein milk therefore becomes more than a seasonal indulgence. It represents how traditional tastes and modern nutrition can exist together in a way that feels natural, convenient, and relevant to everyday life.” 

    The product continues Provilac’s broader effort to reimagine milk as a nutritionally stronger yet familiar staple. The approach brings together fresh dairy and seasonal ingredients to create products that resonate with evolving consumer preferences while maintaining authenticity and quality.

  • Haier Launches 596-Litre 2-Door Side-by-Side Refrigerator with BPA-Free Water Dispenser in India

    New Delhi, March 16: Haier Appliances India, a subsidiary of the global home appliances leader Haier Group, has introduced its latest 596-litre 2-Door Side-by-Side Refrigerator range featuring a BPA-Free Water Dispenser, bringing premium innovation, smart connectivity and enhanced storage flexibility to modern Indian kitchens.

    Haier Launches 596-Litre 2-Door Side-by-Side Refrigerator with BPA-Free Water Dispenser in India

     The new refrigerator range is designed to meet the needs of Indian households seeking larger storage capacity, intelligent cooling, and everyday convenience. With evolving lifestyles and growing demand for advanced refrigeration solutions, the new side-by-side models offer an attractive upgrade for consumers transitioning from standard refrigerators to the premium side-by-side category.

    Equipped with a spacious 596-litre capacity, the refrigerator provides ample room for families to store groceries, beverages, and frozen items efficiently. The appliance integrates AI-powered cooling, WiFi-enabled smart controls, and 100% convertible storage, ensuring greater flexibility and performance in everyday use.

    Speaking on the launch, NS Satish, CEO of Haier Appliances India, said:

    “Indian consumers today are looking for appliances that simplify daily life while delivering premium value. With our new 596-litre 2-Door Side-by-Side refrigerator featuring a BPA-Free Water Dispenser, we are making premium refrigeration more accessible. This innovation allows families to enjoy greater convenience, flexibility, and peace of mind in their kitchens while benefiting from advanced technology designed around consumer needs.”

    Priced at INR 65,990, the new refrigerator offers premium side-by-side capacity and smart features at one of the most accessible price points in the segment. The models introduced under this range include HRS-682WRSU1, HRS-682WUSU1, HRS-682WGKU1, and HRS-682SWDU1. The new refrigerator series will be available across leading retail stores, major e-commerce platforms, and through the official Haier India website.

    Key Features of the New Haier Side-by-Side Refrigerator

    BPA-Free Water Dispenser
    The refrigerator features a built-in 2.5-litre BPA-Free water dispenser that ensures safe and hygienic drinking water. Designed for convenience, the dispenser provides quick access to chilled water without the need to open the refrigerator door, helping maintain cooling efficiency while minimizing frequent refilling.

    100% Convertible Technology
    The advanced 100% Convertible feature enables users to convert storage compartments based on their requirements. This flexible design allows households to adjust storage space easily for fresh food, beverages, or frozen items, improving organization and maximizing storage efficiency.

    WiFi Connectivity with HaiSmart App
    The refrigerator supports WiFi-enabled smart connectivity, allowing users to monitor and control the appliance remotely through the HaiSmart App. This feature provides convenient control of temperature settings and performance directly from a smartphone, offering greater control even when users are away from home.

    Smart Sense AI Technology
    The refrigerator incorporates Smart Sense AI, which intelligently analyzes usage patterns and environmental conditions to optimize cooling performance automatically. This ensures consistent freshness, improved energy efficiency, and reliable cooling performance.

    Smart Food Management System
    Haier’s Smart Food Management system helps users organize and track stored food items more effectively. This feature supports better storage planning and helps reduce food wastage by keeping track of stored items.

    External Digital Display Panel
    The sleek external LED digital display panel allows users to access temperature settings and operational controls easily without opening the refrigerator door. This design enhances convenience while maintaining optimal cooling inside the appliance.

    Expert Inverter Technology
    Powered by Expert Inverter Technology, the refrigerator delivers quieter operation, improved durability, and enhanced energy efficiency. This advanced compressor system ensures reliable and long-lasting cooling performance.

    The newly launched refrigerator range also introduces the BPA-Free water dispenser feature in selected 3-door side-by-side variants, further expanding Haier’s premium refrigeration portfolio in India.

    With this launch, Haier Appliances India continues to strengthen its position in the premium appliance segment by delivering innovative, smart, and energy-efficient solutions designed to meet the evolving needs of Indian consumers.

  • Urban Transformation on Rails: India’s Expanding Metro Network

    Metro Momentum: How India’s Rail Expansion Is Transforming Urban Mobility

    Pic Credit: Pexel

    India’s cities are in the midst of a quiet but transformative mobility revolution. Beneath busy streets and along rising elevated corridors, metro rail systems are reshaping the daily movement of millions of people. What was once limited to a few major metropolitan areas has rapidly expanded into a nationwide urban transport strategy.

    Over the past decade, metro rail development has emerged as one of the most ambitious infrastructure initiatives in India’s urban history. As cities grapple with population growth, traffic congestion, and environmental challenges, mass rapid transit systems are increasingly being seen as the backbone of sustainable urban mobility.

    More than just a transportation solution, the metro boom is redefining how cities function—improving economic efficiency, easing financial pressure on households, and helping urban centers move toward a cleaner and more organized future.

    A Decade of Rapid Expansion

    India’s metro network has expanded dramatically since 2014, reflecting a major policy shift toward modern public transport infrastructure. In this period, 38 metro rail projects covering about 1,051 kilometres have been sanctioned, representing an estimated investment of ₹3.44 lakh crore.

    Government support for metro infrastructure has also grown significantly. Annual allocations for metro rail projects have risen from ₹5,798 crore in 2013–14 to nearly ₹29,550 crore in 2025–26, highlighting the scale of commitment to transforming urban transport systems.

    The results of this investment are increasingly visible across the country. Metro services now operate in over two dozen Indian cities, compared to only a handful a decade ago. New lines, extensions, and construction projects continue to expand connectivity, linking residential areas with business districts, educational institutions, and commercial hubs.

    This rapid expansion has positioned India among the fastest-growing metro rail markets in the world.

    Reducing the Cost of Urban Living

    While metro systems are often celebrated for engineering and infrastructure achievements, their most meaningful impact can be seen in the everyday lives of urban commuters.

    Transportation is a major expense for many city households. Dependence on private vehicles, taxis, and auto-rickshaws can make commuting costly and unpredictable. Metro rail systems offer a reliable and affordable alternative, significantly reducing daily travel costs.

    For millions of commuters, metro travel provides a stable and economical means of transportation. The predictability of fares and travel times allows families to better manage their monthly budgets.

    Time savings are another crucial benefit. Faster travel means workers spend less time stuck in traffic and more time at home, at work, or pursuing personal activities. In this way, metro connectivity not only improves mobility but also enhances quality of life.

    Moreover, efficient transit expands access to employment opportunities. Workers can travel across longer distances quickly, allowing them to seek better jobs in different parts of the city without relocating.

    Fueling Urban Economic Growth

    Metro rail networks are increasingly becoming powerful drivers of urban economic development.

    Large-scale construction projects generate employment and stimulate demand in industries such as steel, cement, engineering, and technology. The economic ripple effects extend far beyond the transportation sector.

    Once operational, metro corridors often become focal points for new commercial and residential development. Retail centers, office spaces, and housing projects frequently emerge around stations, creating vibrant economic zones.

    Urban planners are also embracing transit-oriented development, which encourages high-density mixed-use neighborhoods near metro stations. This model promotes efficient land use, reduces dependence on private vehicles, and strengthens urban economic ecosystems.

    Improved connectivity benefits businesses as well. Companies gain access to a larger workforce, while customers can reach commercial districts more easily.

    Advancing Environmental Sustainability

    India’s urban areas face growing environmental challenges, particularly rising air pollution and traffic congestion. Metro rail systems play an important role in addressing these concerns.

    Unlike most road transport, metro trains operate on electric power and produce significantly fewer emissions. As more commuters shift from cars and motorcycles to metro systems, cities benefit from reduced fuel consumption and lower greenhouse gas emissions.

    Fewer vehicles on the road also mean less congestion, improved traffic flow, and quieter urban environments.

    These environmental advantages align with broader national goals of building sustainable cities and reducing carbon emissions. In this context, metro systems are not only transport infrastructure but also key components of India’s climate and sustainability strategy.

    The Future of Urban Mobility

    Despite impressive progress, India’s metro journey is still evolving. With urban populations continuing to grow rapidly, the demand for efficient public transport will only increase.

    Future development will likely focus on expanding metro coverage, improving integration with buses and suburban rail networks, and strengthening last-mile connectivity through shared mobility and electric transport options.

    Innovative transit models designed for smaller cities are also being introduced, ensuring that modern rapid transit systems are not limited to major metropolitan centers.

    At the same time, technological advancements such as integrated ticketing systems and smart mobility cards are helping create seamless travel experiences across multiple transport modes.

    Reimagining Indian Cities

    The rapid rise of metro rail systems represents far more than an infrastructure expansion. It reflects a broader transformation in how India imagines the future of its cities.

    Efficient public transport has the potential to reshape urban lifestyles—reducing commute times, improving air quality, and making cities more accessible for millions of residents.

    Metro networks influence patterns of development, guide the growth of neighborhoods, and strengthen the economic vitality of urban centers.

    As new lines continue to emerge across the country, metro rail is gradually redefining the pace and structure of urban life in India.

    In many ways, the metro revolution is not just about trains and tracks—it is about building cities that are smarter, greener, and better connected for the generations to come. 🚇🏙️

     
  • Sheraton Hyderabad Brings Karaikudi’s Boldest Table to the City

    Hyderabad, Mar 16 This March, Sheraton Hyderabad is turning up the heat, quite literally. Feast, the hotel’s all-day dining restaurant, will host the Karaikudi Food Festival from March 18 – 22, 2026, bringing one of India’s most distinctive and least-diluted regional cuisines to the heart of the city. At the helm is Chef Athi Lakshmi, a home chef from Madurai whose cooking is as rooted in tradition as the recipes themselves.

    There are few cuisines in India as unapologetically bold and layered as the food from Karaikudi. Nestled in the Sivaganga district of Tamil Nadu, Karaikudi is the cultural heart of the Chettiar community, a merchant clan historically known for their trade routes, grand mansions, and, above all, their extraordinary food. Chettinad cooking is defined by a generous hand with freshly ground spices like kalpasi (black stone flower), marathi mokku (dried flower pods), star anise, pepper, and sesame oil, many of which are native to the region and rarely found in other Indian cuisines. The result is food that is deeply aromatic, layered in heat and fragrance and unlike anything that can be replicated with shortcuts.

    Chef Athi Lakshmi with an array of traditional Karaikudi ingredients

    Chef Athi Lakshmi carries that philosophy into everything she cooks. Deeply rooted in the culinary traditions of South Tamil Nadu, she has spent years mastering the bold gravies, hand-pounded masalas, and slow-cooked preparations that define this cuisine. For her, cooking is not just about feeding people.

    “For me, food has never been just nourishment. Every dish I cook is a celebration of culture, of tradition, of love. I want every plate at Hyderabad to carry that same authenticity and pride,” says Chef Athi Lakshmi.

    At Feast, guests can expect a spread that does full justice to the Karaikudi table: Chettinad Chicken, Karaikudi Mutton Chops, Kola Urundai, Pepper Crab, Kuzhi Paniyaram, Vazhai Poo Vadai, and a traditional Chettinad Vegetable Curry served alongside rice and dosa. The restaurant will be dressed in a Karaikudi-themed setup with think textures, colours, and details that draw from the region’s visual identity, making the experience as atmospheric as it is delicious.

    For a cuisine that has quietly influenced Indian cooking for centuries without ever quite getting the spotlight it deserves, this festival is a long overdue moment. Hyderabad, a city that takes its food seriously, is perhaps the perfect stage for it.

     

  • International Food and Hospitality Fair AAHAR 2026 Concludes at Bharat Mandapam; Over 1.5 Lakh Visit Five-Day International Food & Hospitality Exhibition

    International Food and Hospitality Fair AAHAR 2026 Concludes at Bharat Mandapam; Over 1.5 Lakh Visit Five-Day International Food & Hospitality Exhibition

     

    New Delhi, 15 March 2026

    The 40th edition of AAHAR 2026, the International Food & Hospitality Fair, concluded on Saturday at Bharat Mandapam in New Delhi, drawing strong participation from industry stakeholders, global exhibitors and buyers, further reinforcing its position as one of Asia’s leading B2B platforms for the food processing and hospitality sectors.

    The exhibition witnessed over 1.5 lakh visitors, significantly exceeding the pre-event estimate of over one lakh visitors and facilitated more than 2,800 B2B meetings between exhibitors and buyers from India and overseas. AAHAR 2026 witnessed participation from over 1,800 exhibitors from 17 countries, including 155 international exhibitors, showcasing a wide range of food products, processed foods, beverages, food processing technologies, packaging solutions and hospitality equipment

    Organised by the India Trade Promotion Organisation (ITPO) under the Ministry of Commerce and Industry in association with the Ministry of Food Processing Industries (MoFPI), AAHAR 2026 was inaugurated on 10 March 2026 by Union Minister of Commerce and Industry Shri Piyush Goyal and ran through 14 March 2026.

    Speaking on the conclusion of the exhibition, Shri Javed Ashraf, Chairman, ITPO, said:

    “AAHAR continues to serve as an important platform for the food processing and hospitality industry, bringing together producers, exporters, technology providers and global buyers. The strong participation reflects the growing opportunities in India’s food sector and the increasing interest in partnerships and trade. Initiatives such as AAHAR support the vision of positioning India as a global hub for processed food by promoting innovation, encouraging MSMEs and generating employment across the sector.”

    Spread across approximately 1,15,000 square metres, the exhibition brought together leading brands, exporters, technology providers, industry associations and institutional participants from India and abroad, making it one of the most comprehensive platforms for the sector.

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    The exhibition also provided a significant platform for MSMEs and start-ups, enabling them to showcase innovative products and technologies while connecting with domestic and international buyers. Several emerging enterprises utilised the platform to explore partnerships, expand market access and strengthen their presence in global value chains.

    For the first time, Italy participated as the Partner Country at AAHAR 2026. Country pavilions from Australia, Brazil, Canada, Chile and Thailand attracted significant visitor interest. Companies from Belgium, China, Finland, France, Germany, Japan, South Korea, Spain, Taiwan, the United Kingdom and Vietnam also took part in the exhibition.

    Special industry pavilions including the APEDA Pavilion, MoFPI Pavilion, Foreign Participation Pavilion, ICMA Pavilion and FIFI Pavilion highlighted export-oriented products, technological innovations and emerging trends in the food processing and hospitality sectors.

    The exhibition also featured several special events such as Culinary Art India 2026, the Hospitality Challenge, industry seminars and interactive sessions, providing opportunities for knowledge sharing, skill demonstration and industry networking.

    The AAHAR 2026 Official Mobile App recorded over 20,000 downloads, reflecting strong digital engagement from visitors, buyers and exhibitors during the exhibition. Additional facilities such as registration counters, cloak rooms and air-conditioned food courts were also provided to ensure a seamless visitor experience.

    For the first time, the exhibition was also opened to general visitors during the last two days, which witnessed enthusiastic participation from individuals interested in the food processing industry, hospitality technologies and emerging food businesses.

    Over the past four decades, AAHAR has evolved into one of Asia’s leading B2B exhibitions for the food processing and hospitality industry, providing a vital platform for Indian enterprises, exporters and global companies to connect, collaborate and explore new trade opportunities.

    The next edition of AAHAR will be held from 2–6 March 2027.

     
  • PM Mudra Yojana Offers Collateral-Free Loans up to Rs.20 Lakh to Small Entrepreneurs

    New Delhi: The Pradhan Mantri Mudra Yojana (PMMY), launched in 2015 to support small businesses and entrepreneurs, provides collateral-free loans of up to ₹20 lakh through banks and financial institutions, the government informed Parliament.

    According to information provided by the Department of Financial Services (DFS), the scheme was launched on April 8, 2015, to extend credit support to small enterprises engaged in manufacturing, trading, services and agriculture-allied activities. Loans under the scheme are provided by Member Lending Institutions, including Scheduled Commercial Banks, Non-Banking Financial Companies and Micro Finance Institutions.

    Individuals with viable business plans for small enterprises are eligible to apply for loans under the scheme. The loans are categorised into four segments based on the amount required.

    Under the Shishu category, loans of up to ₹50,000 are provided, while the Kishor category covers loans above ₹50,000 and up to ₹5 lakh. The Tarun category offers loans above ₹5 lakh and up to ₹10 lakh.

    To encourage successful borrowers, the government introduced a new category called Tarun Plus from October 24, 2024. Under this category, entrepreneurs who have successfully repaid their earlier loans under the Tarun category can avail collateral-free loans ranging from ₹10 lakh to ₹20 lakh.

    The scheme has played an important role in supporting small businesses, traditional enterprises, handicrafts and agriculture-allied activities. It has also helped women entrepreneurs who often face challenges in accessing credit due to lack of collateral or credit history.

    To simplify the loan application process and ensure timely disbursal, the government has also launched digital platforms such as the Jan Samarth portal, which integrates multiple credit-linked schemes and enables applicants to apply for loans through a self-service or assisted process.

    This information was provided by Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje in a written reply in the Lok Sabha on March 12, 2026.

  • MSME Ministry Completes 364 MSE-CDP Projects; SFURTI Scheme Strengthens Traditional Industry Clusters

    New Delhi: The Ministry of Micro, Small and Medium Enterprises (MSME) has completed 364 projects under the Micro and Small Enterprises–Cluster Development Programme (MSE-CDP), aimed at enhancing productivity and competitiveness of micro and small enterprises across the country.

    The MSE-CDP scheme focuses on establishing Common Facility Centres (CFCs) and creating or upgrading infrastructure facilities in existing industrial clusters. These initiatives provide financial support to improve technology access, production capacity and overall efficiency of micro and small enterprises.

    Since the inception of the scheme, a total of 606 projects have been approved by the Ministry. Of these, 364 projects have been completed while 242 projects are currently under implementation.

    Meanwhile, the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) has also made significant progress in promoting cluster-based development and strengthening traditional industries.

    According to the Ministry, 513 clusters have been approved across the country since 2015-16 under the SFURTI scheme, with a total committed assistance of ₹1,332.95 crore from the Government of India. These clusters are expected to benefit around 3.03 lakh traditional artisans engaged in sectors such as handicrafts, handloom, agro-processing, coir, honey and other related activities.

    Out of the total clusters approved, 378 clusters are currently functional, while 135 clusters are at different stages of implementation.

    Officials said the initiative has contributed to infrastructure development, skill enhancement, value addition and improved market linkages for traditional artisans at the grassroots level.

    The schemes are part of the government’s broader efforts to promote rural entrepreneurship, strengthen traditional industries and generate sustainable livelihoods for artisans across the country.

  • Union Minister of Coal and Mines G. Kishan Reddy Inaugurates Key Projects, Reviews Operations at WCL

    Union Minister of Coal and Mines G. Kishan Reddy Inaugurates Key Projects, Reviews Operations at WCL

    Nagpur: Union Minister of Coal and Mines G. Kishan Reddy, currently on a two-day visit to Western Coalfields Limited (WCL), virtually inaugurated and laid the foundation stone for several infrastructure and development projects while reviewing the company’s operational performance.

    During the programme on Friday, the Minister virtually flagged off 25 electric vehicles aimed at supporting cleaner and more efficient operations within the organisation. He also laid the foundation stones for three major projects: the Black Diamond Sports Stadium in the Kamptee area of Nagpur, the Swami Vivekananda Eco Park in Tadali in Wani area, and a First Mile Connectivity (FMC) Project at the Sasti Open Cast Mine in the Ballarpur area.

    The projects are expected to strengthen regional infrastructure, promote environmental sustainability, and modernise coal mining operations.

    Following the inauguration, the Union Minister conducted a detailed review meeting on WCL’s performance, focusing on coal production, safety measures, sustainable development initiatives, environmental protection, and upcoming projects.

    Praising the work culture and performance of the organisation, Reddy commended Team WCL for its achievements and expressed confidence that the company would deliver even stronger results in the current financial year. He also discussed WCL’s role in the evolving landscape of the coal industry.

    During the meeting, WCL Chairman-cum-Managing Director Harish Duhan presented a detailed overview of the company’s achievements during the financial year 2025–26.

    Senior officials present at the meeting included Sanoj Kumar Jha, Additional Secretary in the Ministry of Coal, B. Sairam, Chairman of Coal India Limited, along with other senior officers from the Ministry of Coal, Coal India Limited, and WCL.

    As part of his visit, the Union Minister will also inspect the ongoing mine closure process at the Murpar underground mine on March 14, 2026. He is scheduled to hold a meeting with the District Collector and members of the Mine Closure Advisory Committee (MCAC).

    Representatives from WCL’s Mine Closure team, non-governmental organisations, consultants, and members of local villages are expected to participate in the meeting to discuss issues related to mine closure and rehabilitation.

  • India’s Medical Devices Market Eyes $30 Billion by 2030: Opportunity, Policy Push and Global Interest

    India’s medical devices industry is entering a period of rapid transformation. Long considered a small but essential part of the healthcare ecosystem, the sector is now drawing major policy attention and investor interest as the country works toward a projected $30 billion market by 2030.

    Industry analysts say the growth will be driven by a combination of rising healthcare demand, government incentives for domestic manufacturing, and increasing adoption of advanced medical technologies.

    A Market on a Strong Growth Path

    India’s medical devices market is currently estimated at around $12–14 billion, but the sector has been expanding at a double-digit annual growth rate of roughly 15%. If this pace continues, the market could more than double within the next five years.

    Several structural factors are supporting this expansion. India’s population of more than 1.4 billion is aging, lifestyle diseases such as diabetes and cardiovascular conditions are rising, and access to healthcare services is improving across smaller cities. Together, these trends are increasing the demand for diagnostic equipment, implants, consumables, and digital medical technologies.

    Hospitals and diagnostic centers are also investing more heavily in modern equipment as healthcare infrastructure grows in both public and private sectors.

    Government Push for Domestic Manufacturing

    A major catalyst for growth has been the government’s push to reduce import dependence and strengthen local manufacturing.

    India currently imports around 70–80% of its medical devices, particularly high-value products such as imaging equipment, implants, and advanced diagnostic systems. To address this gap, the government has introduced initiatives such as the Production Linked Incentive (PLI) scheme for medical devices, along with the creation of dedicated medical device parks in several states.

    These measures aim to attract global manufacturers, encourage domestic production, and create a stronger supply chain ecosystem.

    Policy support is also helping the industry move beyond low-value consumables toward more sophisticated products such as diagnostic imaging systems, surgical equipment, and high-precision implants.

    Growing Investment and Global Partnerships

    Global medical technology companies are increasingly looking at India as both a manufacturing hub and a major growth market.

    International firms are expanding local production facilities and forming partnerships with Indian manufacturers to serve both domestic and export markets. At the same time, Indian startups are entering the field with innovations in digital health, AI-enabled diagnostics, and affordable medical technologies designed for emerging markets.

    Venture capital investment in health technology has also accelerated, with investors backing companies developing portable diagnostic devices, wearable monitoring systems, and telemedicine platforms.

    Opportunities in Tier-2 and Tier-3 Cities

    While metropolitan hospitals have traditionally driven demand for advanced medical equipment, the next wave of growth is expected to come from Tier-2 and Tier-3 cities.

    Healthcare infrastructure is expanding rapidly in these regions as private hospital chains and diagnostic networks move beyond major urban centers. Government health insurance programs and rising middle-class incomes are also increasing healthcare access.

    As a result, demand for imaging equipment, point-of-care diagnostic devices, and affordable medical technologies is rising across smaller cities and semi-urban areas.

    Challenges Remain

    Despite strong growth prospects, the sector still faces several challenges.

    Industry leaders often cite regulatory complexity, limited domestic component manufacturing, and price controls on certain medical devices as areas that need further policy clarity. High research and development costs also make it difficult for smaller companies to scale advanced technology production.

    Supply chain constraints and reliance on imported components remain another concern for manufacturers aiming to build a fully integrated domestic ecosystem.

    The Road to 2030

    Even with these challenges, the long-term outlook for India’s medical devices sector remains optimistic.

    If current growth momentum continues, analysts believe the industry could reach $30 billion by 2030, positioning India as one of the fastest-growing medical device markets in the world.

    For policymakers, the sector offers an opportunity to strengthen healthcare infrastructure while building a globally competitive manufacturing base. For investors and technology companies, it represents a market where demand, innovation, and policy support are beginning to align.

    The coming decade will determine whether India can turn this potential into a robust medical technology ecosystem that serves both domestic healthcare needs and global markets.