Search Result for : Department Of Heavy Industries

The Dollar Business Bureau  In a bid to increase the percentage of manufacturing output to 25 per cent of GDP by 2025 from 16 per cent, the government is in the process of chalking out a National Policy for Advanced Manufacturing. The policy is expected to enhance India’s global manufacturing competitiveness while also being mindful of the "threat to jobs" due to adoption of smart manufacturing. According to DIPP Secretary Ramesh Abhishek, the government is keeping in mind both concerns and opportunities while framing the required policies.  Therefore, the industry needs to be tailored in a way that considers these on-the-job threats and gets ready for an easy transition. This will make the people skilled enough and give them the opportunity to relocate ...

 The Dollar Business Bureau Towards promoting investment and foreign collaboration in the field of technology, the Indian industry is gearing up for the upcoming global Russian industrial trade show- ‘INNOPROM SHOW’, where India would be the partner country. Taking precedence of the fact that India wants to become the manufacturing hub in the global supply chain, the Government is keen to exhibit its interest in attracting global technology in the trade show that is going to be held in Yekaterinburga city, Russia, during July 11-14, 2016. India’s apex engineering industry body Engineering Export Promotion Council (EEPC) will be leading the Indian side at the show, under the aegis of the Ministry of Commerce and Industry. “India has been named as the ...

The National Capital Goods Policy is expected to add production of capital goods more than three times by 2025 and increase exports up to 40% of production The Dollar Business Bureau The move is expected to enhance the exports of Indian made capital goods through a Heavy Industry Export and Market Development Assistance (HIEMDA) scheme   The government has unveiled the National Capital Goods Policy which is expected to add production of capital goods more than three times by 2025 and increase exports from the current 27% of production to 40%, making India a net exporter of capital goods. This was an endeavour by the Indian Govt to drive growth for capital goods sector, as well as stick to its commitment of realizing the ...

The Dollar Business Bureau    As part of efforts to enhance domestic manufacturing, the government will set up centres for excellence across the country to ensure skill development in various sectors including capital goods and automotive. The Department of Heavy Industries (DHI) and the Ministry of Skill Development & Entrepreneurship on Tuesday signed an agreement for this purpose. The MoU is meant for creating a national ecosystem for development of skills for the manufacturing sector, in particular the capital goods sector and automotive sector and other sectors/subjects covered by DHI, a government statement said on Wednesday. “We are aiming to create direct and indirect employment for 30 million workers in the capital goods sector by 2025. Hence, we have signed the MoU ...

The agreement on capital goods is aimed at providing a platform to various Indian PSUs and capital goods sector units to have an easy access to German expertise The Dollar Business Bureau : Fraunhofer will be a Technology Resource Partner for implementing projects related to manufacturing in India   Taking Indo-German ties a step ahead, the Union Cabinet has approved two new agreements that seek to enhance the bilateral cooperation in the areas of energy and capital goods. A Memorandum of Understanding (MoU) was signed between Indias department of heavy industries and Fraunhofer Gesellschaft (Fraunhofer), Germany, an organisation of 65 institutes for applied industrial research in Europe. The agreement is aimed at providing a platform to various Public Sector Undertakings (PSUs) and capital goods ...

The Dollar Business Bureau Europe’s largest application-oriented research company Fraunhofer- Gesellschaft has signed an agreement with the Department of Heavy Industries (DHI) to become technology partner in India’s drive to push its domestic manufacturing. “A framework memorandum of understanding (MoU) has been signed today between the Department of Heavy Industries (DHI), Government of India and Fraunhofer, Germany with later as technology resource partner. The objective is to support and augment the ‘make in India’ programme through increasing the innovation and technology prowess of Indian industry,” the Ministry of Heavy Industry & Public Enterprises said in a statement on Monday.  The agreement was inked in the presence of R Katoch, Secretary of the Department of Heavy Ministry, senior officials from the Ministry ...