Apparel exports up 31.7% in Apr, on RoSL Scheme support
The Dollar Business Bureau The apparel exports from India recorded a momentous rise of 31.7% in April this year as compared to same month a year ago. In a statement to the media Apparel Export Promotion Council (AEPC) said “India’s apparel exports registered momentous growth of 31.7% in April 2017 compared to same period last year.” According to the data, the apparel sector has been witnessing a double-digit growth, after the introduction of disbursement of RoSL (Rebate of State Levies) scheme. During March-April, this year, the garment exporters were able to enhance their production capacity by about 30% for achieving such growth and employed around 5% more workers during this same period, the statement said. AEPC Chairman Ashok G Rajani, while attributing this growth to RoSL scheme, said, ...
Chidambaranar Port, TANGEDCO ink pact to upgrade coal jetties to handle 24 mn tonnes
The Dollar Business Bureau One of the top major ports in the country, the VO Chidambaranar (VOC) Port and Tamil Nadu’s Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) inked an agreement today to increase the capacities of two coal jetties at the port four-fold to 24 million tonnes for Rs 800 crore. The pact will upgrade two coal jetties at VOC Port - Jetty I and II -- from 6.25 MTPA (million tonne per annum) to 24 MTPA. The Ministry of Shipping in a press a statement said: "The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the upgradation of Coal Jetty I and II.” The Minister for Shipping Nitin Gadkari said that coal ...
India to export 145 MW electricity to Nepal
The Dollar Business Bureau India said on Thursday that it would export extra electricity of 145 MW to Nepal through the newly built two cross-border transmission lines, few days after Nepal requested for more electricity to cope with the severe load-shedding. “Export of power to Nepal is expected to increase by around 145 MW shortly through two 132 kV transmission lines," Indian Embassy said in a statement. Last month, construction of the two cross-border transmission lines was completed. These are Katiya- Kusaha and Raxual-Parwanipur cross-border. Soon after the construction completed, Kathmandu requested New Delhi to provide power via these two transmission lines. Recently, Ambassador of Nepal to India, Deep Kumar Upadhyay, prodded the Indian Power Minister Piyush Goyal ...
Indias power production up by 6.25% in Apr-Jan FY17
The Dollar Business Bureau Power generation in India from conventional as well as renewable sources surged by 6.25% to 1,038.9 billion units (BUs) in the April-January period of this financial year compared to the same period a year-ago. “The power generation increased by 6.25% at 1038.9 BUs in the April-January period this financial year compared to 977.81 BUs in the corresponding period a year-ago,” according to an official from power ministry.“Focussing mainly on the renewables sources is driving up overall figures of electricity generation,” the official added. The official further stated that the growth in power production, excluding the renewable sources, was 5.04% in the first 10-month period of the fiscal 2016-17. During the given period, power production from renewable sources such as solar and wind grew ...
India can achieve 1.65 bn units of electricity by 2017
The Dollar Business Bureau Power Minister Piyush Goyal said on Thursday, India can achieve up to 50% growth in electricity production to 1.65 trillion units by 2017. "We need to double our power production. Given the infrastructure and generating capacity we have today. We have the ability to double our power production. If tomorrow we need to add 50% power to our system I am ready for that. We are making about 1.1 trillion units of electricity annually now ...We can go up to 1.65 next year," the minister said. Goyal assured there are no shortages of power across the states, and most of the shortages ware "technical" emanating due to power mismanagement. "Very often states don't buy and show shortage...There is a mismatch ...
India to gain from regional power trade: WB study
The Dollar Business Bureau World Bank, in a study, said that India can be spared from investing $26 billion in 35,000 MW coal-fired capacities over the next 25 years, from regional trade in electricity. The study, which covered all the SAARC countries except the Maldives, said the major benefits would be through fuel cost reduction and by cutting greenhouse gas emission by 6.5 percent. The benefits should come by replacing thermal power with hydro-power, to be obtained mostly from Nepal, Bhutan and Afghanistan. The World Bank expects Nepal to generate 52.1 giga watts (GW) energy in 2040, in addition to its existing capacity of 1 GW. Bhutan would increase its capacity by 9.1 GW and Afghanistan by 3.6 GW. Without the opportunities for trade, Nepal ...
Core industry grows at 3.2%; steel production yet to pick up
Deepak Kumar | The Dollar Business Breaking the trend of stagnation, India’s eight core industries grew at the record rate of 3.2% in September, primarily due to sharp rise in fertiliser production and electricity generation. The eight core industries – cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel – accounting for about 38% of India’s industrial production, had previously grown by 4.4% in May this year. During the first six months of 2015-16, cumulative growth for the core industry remained 2.3%, down from 5.1% during the same period last year. Among the core industries, fertilisers production registered the maximum growth rate in September and reached 18.1% as against 12.59% recorded in August, said the latest government data released ...
