Page 2 - Industrial Policy

Rajasthan govt to form a three-member panel to control industrial pollution

The industry contributes around 24 per cent of the state's gross domestic product, lower than agriculture (27 per cent) and services (41 per cent) to the state's GDP besides other small sectors

Chhattisgarh government seeks suggestions for new industrial policy

The policy and a vision document for Viksit Chhattisgarh will be released on November 1, marking the state's foundation day

India to get 12 new industrial cities; DPIIT to approach Union Cabinet

The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said that eight such cities are already under different stages of implementation. Trunk infrastructure has been created in four cities - Dholera (Gujarat), Auric (Maharashtra), Vikram Udyogpuri (Madhya Pradesh) and Krishnapatnam (Andhra Pradesh) and allotment of land plots is underway for the industry. Similarly in the other four, the government's special purpose vehicle is in the process of construction of the basic infrastructure like road connectivity, water and power supply. With eight already under the development stage and the announcement of 12 new in the Budget, the total count of these cities in

DPIIT working on proposal for setting up 12 new industrial cities: Official

The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said that eight such cities are already under different stages of implementation. Trunk infrastructure has been created in four cities - Dholera, Auric (Maharashtra), Vikram Udyogpuri (Madhya Pradesh) and Krishnapatnam (Andhra Pradesh) and allotment of land plots is underway for the industry. Similarly in the other four, the government's special purpose vehicle is in the process of construction of the basic infrastructure like road connectivity, water and power supply. With eight already under the development stage and the announcement of 12 new in the Budget, the total count of these cities in the countr

'Arunachal to constitute committee for drafting new industrial policy soon'

Arunachal Pradesh will soon constitute a committee to draft a new industrial policy aimed at attracting investments to the state, Industries Minister Nyato Dukam said. The minister made the announcement during a review meeting with senior officers of the Industries, IPR and Printing, Trade and Commerce, Skill Development and Entrepreneurship, Labour and Employment, Textile and Handicrafts, and Sericulture departments on Tuesday. Dukam said inputs will be taken from stakeholders to ensure the policy fully realises the state's industrial potential while maintaining investor-friendly measures. He also called for robust coordination among departments to explore and capitalise on opportunities that will enhance the dynamism and success of these departments. During the meeting, officials from each department made presentations, detailing various challenges, opportunities, and strategies moving forward.

China's industrial overcapacity has significant spillovers globally: US

China's industrial manufacturing overcapacity has significant spillovers around the world, the Joe Biden administration said on Wednesday, noting that addressing these challenges may warrant taking defensive action to protect firms and workers -- and the traditional toolkit of trade actions may not be sufficient. "We are growing concerned that China's enduring macroeconomic imbalances and non-market policies and practices pose a significant risk to workers and businesses in the United States and the rest of the world. We are worried that these features of China's economy can lead to industrial overcapacity that has significant spillovers around the world and can compromise our collective supply chain resilience, given the resulting over-concentration in some manufacturing sectors," Under Secretary for International Affairs Jay Shambaugh said. The United States, along with its allies and partners in developing economies and advanced economies alike, share mutual objectives to address

A sunny farm to factory worker story at Tata Hitachi plant in Bengal

About 60 per cent of the workforce are land givers, with one member from each displaced family employed

Industrial sector in Rajasthan fears output slump after power cut order

The power department on Wednesday announced intermittent power cuts in industrial areas daily between 8pm and 3am

Germany's largest industrial union seeks 7% raise for millions of workers

Germany's biggest industrial union said Monday it will seek a 7 per cent pay increase for millions of workers in negotiations starting later this year, arguing that companies including automakers and machinery manufacturers are in a position to afford it. The IG Metall union's leadership said it was recommending a hefty raise demand for 3.9 million workers in view of a persistently high price level. It said that companies have well-filled order books and that, even though prices are no longer accelerating as quickly as they were, one-time payments agreed in the last settlement have been eaten up by inflation. In the last round of pay talks, IG Metall and employers agreed in late 2022 to raises totalling 8.5 per cent over two years plus one-time payments totalling 3,000 euros (about USD 3,200) each, meant to cushion the effect of sky-high inflation. The government, which wanted to address the impact of rising prices while preventing an inflationary spiral, was keen to promote such ...

Shortage of professionals, policy gap challenge for cyber security: Report

Shortage of skilled professionals, inadequate infrastructure, regulatory and policy gaps, and public unawareness about best digital practices are among key cyber security challenges in the country, according to a new report. India's Sherpa for G20 and former NITI Aayog CEO Amitabh Kant unveiled the report, prepared by cyber security solutions company Lisianthus Tech, recently in Delhi. The report noted that cyber threats are escalating in the country, with over 116,000 cyber security incidents reported in 2023, marking a significant increase from previous years. It recorded among most notable cyber threats faced by AIIMS, HDFC and Axis banks, Indian Railways and IRCTC, Paytm, Zomato, Indian Oil Corporation, Bharat Petroleum, and National Payments Corporation of India in recent years. "There is a significant talent gap, with an estimated shortage of one million cybersecurity professionals. Many sectors lack the necessary infrastructure to defend against sophisticated cyberattacks. .

CITU writes to labour ministry seeking release of AICPI-IW figures

The CPI-IW figures have not been released for the months of February and March, and the labour bureau has not given any explanation for not releasing the indices on the stipulated dates

Vineet Nayyar: A tribute

He was known to friends as a warm person with a sharp mind, a generous heart and ready wit

Uttar Pradesh govt scales up industrial land bank to 25,000 acres

The state also plans to set up mini-industrial clusters in the rural areas for boosting economic activities and creating jobs

Feb hottest on record with avg temp 1.77 deg C above pre-industrial period

The world last month experienced the warmest February on record, with the average temperature being 1.77 degrees Celsius more than the February average for 1850-1900, the designated pre-industrial reference period, the European Union's climate agency said on Thursday. The Copernicus Climate Change Service (C3S) also said that every month since June last year has been the warmest such month on record. Scientists attribute the exceptional warming to the combined effects of El Nino -- a period of abnormal warming of surface waters in the central Pacific Ocean -- and human-caused climate change. C3S last month said the global mean temperature breached the 1.5-degree Celsius threshold for an entire year for the first time in January. A permanent breach of the 1.5-degree Celsius limit specified in the Paris Agreement, however, refers to long-term warming over many years. According to climate scientists, countries need to limit the global average temperature rise to 1.5 degrees Celsius a

GNIDA plans to allot 44 industrial plots, expects Rs 5,000 cr revenue

The Greater Noida Industrial Development Authority on Wednesday said it has launched a scheme for allotment of 44 industrial plots and expects Rs 5,000 crore in revenue. The land allotment for industries will also generate 10,000 employment opportunities, the Greater Noida Industrial Development Authority (GNIDA) said in a statement. These plots are located in six sectors and cover areas ranging from 135 square metres to 20,354 square metres, it said. "Greater Noida has emerged as a hub of industrial investment. Keeping in view the demand and need of entrepreneurs, the scheme has been launched. Possession of the plot will be given within the stipulated time. With this, thousands of youngsters will get employment opportunities along with investment in the region," GNIDA CEO NG Ravi Kumar said. With the allotment of these 44 plots, the GNIDA is expected to rake in around Rs 5,000 crore from the reserve price. The allotment is being done through interviews. With the allocation, an .

Odisha clears 14 industrial projects worth Rs 1,713 cr to boost employment

The Odisha government has approved 14 industrial projects that would involve investments of Rs 1,713.65 crore and create employment opportunities for more than 5,000 people, officials said on Thursday. The State Level Single Window Clearance Authority (SLSWCA) headed by Chief Secretary Pradeep Kumar Jena on Wednesday approved the projects spanning sectors such as metal downstream and ancillaries, power, pharmaceuticals, plastics, food processing and tourism. The government has cleared a Rs 628.00 crore investment proposal of Anand Exports. It also cleared a proposal of Mahindra Holidays and Resorts India Ltd to set up a luxury resort at Sonapur beach in Ganjam district at an investment of Rs 228.45 crore, officials said. The proposal of Jindal Stainless Ltd for setting up a roof-top solar power plant in Jajpur district at a cost of Rs 110.24 crore was also approved by the SLSWCA. The government also approved the proposal of TS Beach Resorts Pvt Ltd to set up a convention centre al

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Rs 8,000 cr earmarked for land acquisition, 35,000 acres to be acquired in the first phase

JSW Group's Sajjan Jindal suggests setting industrial parks near airports

Co-chairman of Invest Karnataka Forum (IKF) and JSW Group chairman Sajjan Jindal on Monday suggested setting up industrial parks in areas that are only about a two-hour drive from airports in the state. While participating online in the first reconstituted IKF meeting chaired by Large and Medium Industries Minister M B Patil, Jindal said setting up industrial parks in areas close to airports would attract increased investment. Responding to Sajjan's suggestion, Minister Patil said the government also intended to set up industrial parks in an area of about 5,000 acres to 10,000 acres. It was also decided at the meeting to form sub-groups within IKF to focus on sectoral investment. The meeting reviewed key developments of the past months and deliberated on charting the roadmap for going forward.

Assam got record investment proposal of over Rs 11,000 cr in 2023: CM Sarma

Assam received a record investment proposal worth over Rs 11,000 crore in 2023 through which more than 10,000 jobs are expected to be created, Chief Minister Himanta Biswa Sarma has said. The chief minister said here on Thursday that a conducive environment for investment was created in 2023 and during the "landmark year", the state's industrial landscape changed under the Industrial and Investment Policy of Assam (Amendment), 2023. "In 2023, Assam saw a record investment proposal of over Rs 11,000 crore with proposed generation of more than 10,000 jobs due to our path-breaking customised incentive policy," Sarma said. Under the new industrial policy, customised incentives were offered for mega projects which have a minimum investment of Rs 100 crore and a minimum of 200 permanent employees. The highlights of the scheme in 2023 are a total of 17 investors, a proposed investment of Rs 11,753.7 crore, a proposed capital investment of Rs 8,775.5 crore and proposed generation of 10,906

Govt releases SOP for making changes to industrial entrepreneur memorandum

The commerce and industry ministry on Tuesday came out with a standard operating procedure (SOP) for making changes or cancellation of IEM (Industrial Entrepreneur Memorandum). Industrial undertakings exempted from the requirements of licensing under The Industries (Development and Regulation) Act 1951 are required to file information relating to setting up of industries, which is known as IEM (Industrial Entrepreneur Memorandum). Confirmation for receipt of such information by the department for promotion of industry and internal trade (DPIIT) is IEM Acknowledgement. The DPIIT in an office memorandum said that it was receiving several applications from companies requesting for amendments, cancellation and issuance of duplicate IEM. "in this regard, the requests have been considered and it is decided that the... standard operating procedure will be adopted" for these purposes, the memorandum said. For cancellation of IEM acknowledgements, it said that the concerned firm has to giv