Search Result for : Make In India Week

The MoU for both the countries would be for providing machinery, knowledge sharing and technology in underground mining from Poland Source: PTI Poland has been active in coal mining for over 100 years, but in the last few years it was affected due to subsidised pricing of the commodity in the global market.   The Polish government is hopeful of signing a pact with India for cooperation in coal mining and related fields to achieve a common goal in the next two months. Polish deputy minister of economic development Radoslaw Domagalski-Labedzki today said the subject was discussed in a meeting with India's coal secretary Anil Swarup. Speaking on the sidelines of an ICC-organised programme here, the minister said that his government possesses a ...

Eyeing further collaborations in India, a high-level business delegation from South Korean port city of Pohang, home to steel major POSCO, visited India recently and expressed its keenness to further bolster its trade ties with India in the steel sector The Dollar BusinessBureau   Union Minister for Steel Minister Narendra Singh Tomar was said to have invited Pahong city based major business players to invest in Indian government's initiatives   South Korean port city of Pohang, which is home to steel giant Pohang Steel Company or POSCO, (world's fourth-largest steelmaker) has recently expressed its keenness to further bolster its trade ties with India in the steel sector. As part of further boosting its economic activities and presence in India, a high-level business delegation from Pohang ...

The new textile policy envisages to increase Indias textile exports to $300 billion over the next decade and also generate 35 million jobs in the process The Dollar Business Bureau   The government is likely to bring out a new textile policy in April this year, Textile Minister Santosh Kumar Gangwar revealed on Thursday. The long awaited national textile policy is nearing finalisation and is likely to be issued before the end of April 2016, Gangwar said. Expressing his confidence over the release date, the Textile Minister said that talks with all stakeholders have been going on and the new textile policy would be released during the upcoming Lok Sabha budget session. The minister was speaking to media during the ongoing Make in India week in ...

Out of the total investment commitments, Maharashtra alone made up for more than half, at Rs.8 lakh crore Source: PTI Amitabh Kant, Secretary, Ministry of Commerce& Industry, addressing at the conclusion of the Make in India week function, in Mumbai on Thursday.   The week-long Make in India event here has secured investment commitments worth Rs.15.2 lakh crore, with host state Maharashtra alone accounting for Rs.8 lakh crore. Besides, it received investment enquiries worth Rs.1.5 lakh crore. "The multi-sectoral Make in India Week has been a great success. We've managed to get investment commitments to the tune of over Rs.15.2 lakh crore from the event," DIPP Secretary Amitabh Kant told reporters at the closing press meet at the MMRDA Grounds here on Thursday.He ...

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 investment offers and MoUs that have been signed so far in the Make in India week are an indicator that manufacturing is gaining traction, Sitharaman said Source: PTI The Central Statistics Office (CSO) has projected a growth rate of 7.6% for the current fiscal, the highest in the last five years   Trying to instill confidence in the investor community, Union Minister of State for Commerce and Industry Nirmala Sitharaman on Monday said manufacturing in the country is picking up and the perception that there is slack in the sector is wrong. Manufacturing is actually picking up. The last quarter figure showed that the country's GDP growth will be over 7%. It also revealed that manufacturing is growing over 9%. Actually, the perception ...

The steel industry has pinned its hope on the minimum import price announced recently and expects more relief measures in the budget Source: PTI The government, on February 5, imposed a Minimum Import Price on 173 steel products ranging between $341-752 per tonne. The minimum price would remain in place for six months The steel industry, which is passing through a tough time, has pinned its hope on the minimum import price (MIP) announced recently and expects more relief measures in the budget, JSW Steel CMD Sajjan Jindal said. Moreover, the steel sector is hopeful that the countrys economy shall grow by 8-8.5%, which would help the industry to revive, Jindal told reporters on the sidelines of a 'Make in India' Week event ...

Twinstar Display Technologies will sign a memorandum of understanding (MoU) with Maharashtra government to set up the facility Source: PTI   In July last year, the Anil Agarwal-led firm had announced an investment of Rs.40,000 crore to set up a LCD panel plant in the country, generating about 50,000 jobs.   NRI billionaire Anil Agarwal on Saturday announced that it will set up India’s first LCD manufacturing facility, which will see an investment of $10 billion (about 68,000 crore) in five phases. Agarwal-led firm Twinstar Display Technologies will sign a memorandum of understanding (MoU) with Maharashtra government to set up the facility. The pact will be inked as part of the Make in India Week, which commences in Mumbai on Saturday. ...