Page 72 - Manufacturing Industry

Railway budget emphasises on long-term planning to augment network

National Rail Plan 2030 will endeavour to harmonise and integrate the rail network with other modes of transport and achieve seamless multi-modal transportation network across the country

Railways to give top priority to finish dedicated freight corridor project

For reversing the trend of declining modal share of freight trains, Railway Budget proposes to expand freight basket of Indian Railways, rationalise tariff structure and build terminal capacity

Railways to increase revenue through non-fare sources to 10%

Railway budget plans to generate annualised revenues of about Rs 4,000 crore by 2020 from manufacturing activity

Railways initiates bid process to make train sets for Rajdhani

Railway Budget proposes to increase the current procurement by 30 percent

Railway plans to set up R&D unit to focus on long term research

Railway Budget also proposes to bring most of holding companies under one umbrella to provide the necessary strength for leveraging the combined resources

Railways to use EPC mode for projects to minimise cost

The latest drone and geo spatial based satellite technology will be used to monitor physical progress across major projects and also the progress on dedicated freight corridor

Ratan Tata to head Indian Railways' innovation committee: Suresh Prabhu

Railways Ministry to set up a team, to be called Sutra, for carrying out detailed analytics leading to optimised investment decisions and operations

L&T Hydrocarbon joins hand with McDermott for deepwater projects in India

Under the agreement, two companies will utilise LTHE's strategically located Kattupalli facility near Chennai for fabrication and setting up of a local spool base in India

Richa Industries bags Rs 23-cr from Ircon International

The company will construct five pre-engineered buildings (PEB) at Rourkela, Orissa for Indian Railways

Budget should rekindle business sentiment and investments: CII

It should restore the strength of the rural economy, speed-up the implementation of industrial clusters & parks, control non-productive expenditure, address the problem of NPAs, etc

RCF selects Thermax to execute Rs 353 cr energy project

Thermax will commission a 50 MW gas based co-generation plant at Thal (Maharashtra) facility of Rashtriya Chemicals and Fertilizers (RCF) for captive power

Manufacturing sector hopes to see major reforms in budget: Jeremy Hunter

Reduce custom duty on raw materials used in adhesive manufacturing from 7.5% to 5%, while increase the duty drawback rate for adhesive exports from 3% to 5%

Govt should curb imports of stainless steel products to boost local production: ISSDA

The duty on critical raw materials needs to be reduced to nil from the existing level of 2.5% in order to create a level playing field for domestic SS product makers to compete with China and other co

CCEA gives nod for Rs 10,700 crore railway projects

Approvals include construction of six railway lines and a railway bridge to cater to both increased passenger and freight needs in various areas of the country

L&T Construction bags orders worth Rs 1404 crores

While the power transmission & distribution business won orders worth Rs 1014 crores, the heavy civil infrastructure business bagged an additional order worth Rs 390 crores

Encourage use of energy efficient equipment in cold chain: Ravichandran Purushothaman

Provide impetus to the development of food processing sector in clusters to reduce wastage of agricultural produce and to create employment opportunities, especially in rural areas

Auto component industry wants budget to give boost to R&D & quality

Automotive Component Manufacturers Association recommends depreciation rate on capital goods to be enhanced to 25% from 15%, list of tools for availing CENVAT credit expanded, etc

EEPC demands technology upgradation fund for MSME

Engineering exporters seek broadening of promotional schemes to reverse export drop

US companies to invest over $ 27 bn in India in two years: USIBC

To boost further investor confidence, India should provide a robust IP policy, greater clarity on certain FDI regulations and implement the GST

Delta to expand R&D and manufacturing operations in India

The company is setting up R&D unit in Bangalore, while its new plant in Hosur will manufacture power electronics, renewable energy and automation solutions