Steel minister inaugurates POSCO's plant in Maharashtra

Steel Minister Narendra Singh Tomar today inaugurated South Korean steel giant POSCO's USD 709 million steel plant in Maharashtra today.
"Equipped with state-of-the-art technology, this plant is a bold step ahead in the fulfilment of Prime Minister Modi's Make in India campaign. We assure all support to other such companies looking to establish their production facilities in India," Tomar said inaugurating the Cold Rolling Mill (CRM) in Mangaon (Raigadh, Maharashtra).
Tomar also outlined the enormous potential of steel in India, considering the low per capita consumption level of steel in the country.
He urged POSCO to collaborate with domestic industry to explore partnerships in the area of high-end technology transfer.

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Continental expands R&D facility in Bangalore * German auto component maker Continental today inaugurated a new facility to expand its research & development (R&D) capabilities in Bangalore.

The company inaugurated a new 13,000 square meter facility to expand its R&D capabilities in Bangalore, Continental said in a statement.
Eight R&D labs will be housed in the new facility, it added.
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SLCM partners Yoma Bank for collateral financing in Myanmar * Agri-logistics and warehousing firm SLCM today said it has tied up with Myanmar's Yoma Bank for collateral financing against commodities stored in the company managed godowns in the neighbouring country.

SLCM in a statement said that its Myanmar subsidiary has "tied up with one of the leading bank Yoma Bank in Myanmar for collateral financing".
Delhi-based SLCM has presence in over 70 locations across 20 states with more than 600 warehouses.
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Zee launches Hindi entertainment channel '&TV' * ZEE Entertainment Enterprises Ltd has launched a new Hindi general entertainment channel under its '&' series.
'&TV' would have host of programmes for the viewers of new generation, who want to have fresh and relevant content, ZEE Entertainment Enterprises Ltd (ZEEL) said in a statement.
It would has TV shows as 'India Poochega - Sabse Shaana Kaun' adapted from international format Who's Asking by Israel based Armoza. It would be hosted by Bollywood star Shah Rukh Khan.