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Deepak Kumar Underscoring the need to strengthen India’s leather industry, which has not been able to achieve its potential growth over the past few years, the government on Thursday announced a Rs. 2400 crore technology mission programme to modernise the leather industry and enable a multifarious growth to the sector.Addressing the press conference on Thursday, Science and Technology Minister Dr Harsh Vardhan said,"Efforts are being further leveraged which would provide a new impetus to the leather industry to manufacture and launch value-added products. The focus is on MSME in particular which feeds the larger industry  segment."The leather sector generates $12.5 billion revenue, which is significantly lower than the sector’s potential. The Narendra Modi -led government envisages to achieve $27 billion from ...

The Dollar Business Bureau A newly built, state-of-the-art Plant for extraction, formulation, packaging of medicinal plant based phyto-pharmaceutical drugs under internationally accepted GMP guidelines was inaugurated by the Union Minister for Science & Technology and Earth Sciences, Harsh Vardhan and Minister of State for DoNER (Independent Charge), Jitendra Singh, at CSIR-IIIM, in Jammu on 20th October, 2016. The facility is the first Current Good Manufacturing Practices (CGMP) in India, set up in the public sector. The Drug & Food Control Organisation, Jammu & Kashmir has issued a manufacturing license to the facility, the news release said. This facility will help all the CSIR institutes involved in the discovery and development of drugs to convert their natural product leads to pre-clinical and clinical development for approvals for marketing. In ...

The Dollar Business Bureau In view of the growing global demand for the medicinal and aromatic plants, there is a need to promote agri-entrepreneurship in Medicinal and Aromatic Plant (MAP) cultivation in India. This was stated by Harsh Vardhan, Union Minister for Science & Technology and Earth Sciences on April 12, 2015. Highlighting India’s potential of becoming leading supplier in the MAP sector, the Minister informed that the government’s efforts are underway in encouraging research and development of credible products of MAP, in view of the sector’s global demand. “India is already a big player in the international market for medicinal and aromatic plants. The government is giving technological support through enhanced R&D. The future is very bright,” ...

The Dollar Business Bureau The Union Minister for Science and Technology, Harsh Vardhan, on Tuesday, called upon the Indian technologists and scientists working on development of low cost building and structural materials, to develop affordable and sustainable solutions. Addressing the personnel of the CSIR-Structural Engineering Research Centre (CSIR-SERC), a Laboratory of the Council for Scientific and Industrial Research (CSIR), the Minister urged the structural engineers to bear the responsibility of implementing Government of India’s roof for all plan in an affordable manner. In this regard, the Minister said that there is a need to use low cost technologies for rapidly filling up the demand-supply deficit and urged for the implementation of the same in the fulfillment of Prime Minister, ...

The Dollar Business Bureau “The government will support MSME Clusters for global competitive manufacturing through setting up of 15 new Technology Centres with World Bank assistance, augmenting the 18 existing TCs with new technologies and testing facilities,” Minister of State, Micro, Small and Medium Enterprises, Mr Giriraj Singh. As MSMEs are important part of several values chains, it is expected that they will play an important role in the Government’s ‘Make in India’ drive. The Minister said that his Ministry will rise to the challenge through action plans directed at enhancement of the provision of collateral free credit through creation of state verticals for extending guarantees to the entrepreneurs of particular state with financial support from state governments. Creation ...

Sai Nikesh D | The Dollar Business Rare earths such as neodymium are used in laser manufacturing and hybrid cars   Several countries, including India, are beginning to tap into their rare earths reserves to ensure a steady supply and reduce the monopoly of China in the rare earths market. China’s dominance of the rare earths metals, key ingredients in the manufacture of a host of items from LED lights to smartphones to missiles, has gained much attention in the recent years. Concerns were partly addressed this month, when China removed some restrictions on rare earths exports following an order by the World Trade Organisation (WTO) last year. Experts say that the ruling has resulted in a sharp fall in rare ...