Page 5 - Industry

'Maa Ka Doodh' Film Screening by Animal Save India Draws Crowds at LTG Auditorium, Delhi, Prompting Deep Reflection on Food Choices

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Unveiling "The Art of Adaptive Leadership": A Sneak Peek into Dr. Rajesh's Envisioned Masterpiece

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All industrial licences issued under IDR Act will be valid for 15 yrs

The government on Monday said that all industrial licences issued under the IDR Act will now be valid for 15 years as against three years with a view to promoting ease of doing business. The Industries (Development and Regulation) Act deals with issuance of licences to industries. "In supersession of all earlier Press Notes, the period of validity of industrial licence is being extended from three years to fifteen years for all kinds of Licenses henceforth to be granted under IDR Act in line with the validity of licenses being issued for defence items as a measure for ease of doing business," the Department for Promotion of Industry and Internal Trade (DPIIT) said. Streamlining the procedure for grant of industrial licences, the DPIIT said an extension of three years may be granted by the concerned ministry as per specified guidelines. These guidelines are applicable for extension of validity of the licence in cases where the existing licence holder has not commenced production of

Drone-as-a-service model gains traction with clients across industries

The global drone market was valued at $30.03 billion in 2022

Edible oil imports up by 39.31% to 13.11 lakh tonnes in June on high demand

India's import of edible oils grew by 39.31 per cent in June to 13.11 lakh tonnes compared to the same month last year due to increased demand, industry body Solvent Extractors' Association of India (SEA) said on Friday. Edible oil import in June 2022 stood at 9.41 lakh tonnes, SEA said in a statement. The overall imports of vegetable oils (edible and non-edible) grew by 49 per cent to 13.14 tonnes in June compared to 9.91 lakh tonnes in the corresponding month last year. The imports consisted of 2,900 tonnes of non-edible oils which are mainly imported by soap and oleo-chemical industries. With a sharp reduction in domestic prices of edible oils, demand has returned which is evident from the rising import in spite of better domestic availability, the SEA added. The import of crude palm oil recovered to 4.66 lakh tonnes in June compared to 3.48 lakh tonnes in the previous month. The import of RBD Palmolien jumped to 2.17 lakh tonnes from 85,000 tonnes in the previous month, ...

Higher demand pushed residential prices up 6% in April-June quarter: Report

During the April-June period, housing sales across the eight major cities experienced an 8% increase to 80,250 units

Odisha approves 11 industrial projects worth Rs 3,266 cr investment

Odisha government on Monday approved 11 industrial projects worth Rs 3,266 crore which will generate employment for 9,146 people. The projects were approved at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary PK Jena. The projects are spread across diverse sectors such as metal downstream and ancillary, chemicals, food processing, agro processing, plastics, textiles apparel, IT & ESDM, and renewable energy. The projects will be set up in Balasore, Bolangir, Kalahandi, Khurda and Jajpur districts, an official said. Though Odisha has consistently been a leader in the mining and metallurgy sector owing to its natural resource advantage, the state has been able to broad-base its industrial ecosystem in the last few years. The state has attracted one of the leading multinational companies in food-processing sector - Nestl India Limited. Nestle will be setting up a food processing unit with an investment of over Rs 890 crore providing ...

Telecom Secy K Rajaraman named IFSCA Chairman, may take charge immediately

A 1989 batch IAS officer, Rajaraman has been appointed for three years; succeeds first ever IFSCA Chairperson Injeti Srinivas who led the authority since July 9, 2020

Centre may set mandates for industrial use of green hydrogen: Official

India has set a goal of producing 5 million metric tonnes of green hydrogen annually by 2030, with about 70% of that marked for export markets, he said

Centre working on quality control norms for home appliances: Report

The appliances have been grouped into six categories based on their usage and each category will have a separate Quality Control Order

Cement industry production to grow 7-8%: Icra gives 'stable' outlook

The domestic cement industry is expected to have a volumetric growth of 7-8 per cent in FY24, helped by a rise in demand from the housing and infrastructure sector, a report by ICRA said on Monday, giving a 'stable' outlook for the sector. Besides, the softening of input costs would help the cement industry to improve its operating profits before interest, tax, depreciation and amortisation by 14-18 per cent Year-on-Year (YoY) to Rs 900-950 per MT in FY24, it added. Moreover, supported by healthy demand prospects, the capacity addition in the cement industry is estimated at 63-69 million metric tonnes (MT) between FY24 and FY25. In this, a capacity worth around 33-36 million MT will be added in FY24 and around 30-33 million MT in FY25. "The cement capacity is expected to rise by 6 per cent in FY2024, the highest addition in the last five years," it said. ICRA has given a "stable" outlook for the cement sector. Steady demand from the housing and infrastructure sectors along with a

Jawaharlal Darda: Paying tribute to a visionary who nurtured industries

He had an excellent awareness of challenges before industries and an inherent passion for establishing industries in backward areas

DPIIT focuses on importance of Industrial parks in attracting investments

Department for Promotion of Industry and Internal Trade (DPIIT) organied the National Workshop on Industrial Park Rating System (IPRS) on Saturday in New Delhi, said an official statement

Cloud remains long-term investment priority for 70% corporations: TCS study

75% respondents say they invested in AI, machine learning capabilities in the past two years

FMCG, auto data shows rural demand is coming back: CII President R Dinesh

We are projecting FY24 GDP growth at 6.5-6.7 per cent. We believe 6.5 per cent will be achievable, even in a slightly negative scenario. And 6.7 per cent is our belief, let me put it that way

ONDC limits discounts to Rs 100 per order in new incentive scheme

The cap for maximum price incentive has been fixed at Rs 100 per order and it should not exceed 50% of the order value, including shipping charges

Gujarat cabinet nod to set up 21 new industrial estates to boost employment

The Gujarat cabinet has given its approval to a proposal of setting up 21 new industrial estates across 13 districts in the state, an official said. Notably, the Gujarat government in March informed the Legislative Assembly that it was planning to establish new industrial estates in the state so that local youth get employment near their native places. During the cabinet meeting held in Gandhinagar on Wednesday, Chief Minister Bhupendra Patel gave a nod to the proposal of setting up 21 new industrial estates and also in-principle approval to prepare a pre-feasibility assessment report, a release said. The pre-feasibility study would cover various aspects, such as availability of land to establish estates, demand and supply factors and agricultural production in those areas, it said. These 21 new estates, to be managed by the Gujarat Industrial Development Corporation (GIDC), will be established in Rajkot, Mehsana, Mahisagar, Bharuch, Banaskantha, Patan, Chhotaudepur, Gir Somnath, .

'Unhappy with footwear industry for not complying with quality control'

Commerce and Industry Minister Piyush Goyal on Wednesday came down heavily on the footwear industry for not complying with the quality control order issued in 2020 and seeking more time to comply. Industry players and exporters of footwear have urged the government to extend the implementation of the Quality Control Order (QCO) by 12 months as the businesses are not yet prepared to follow the norms. Goyal said that no QCO is introduced without adequate consultations with the industry. On leather and footwear sector, the government issued three mandatory quality orders on October 27, 2020. These orders were issued after detailed consultations with the industry and not suo moto, he said. "So in two-and-a-half-years, if somebody has not yet become compliant, then there is a vested interest which we can not fulfil....it means their intentions are wrong," he told reporters when asked about the industry apprehensions on these orders. He accused that the industry running a campaign agai

World is looking at India, grasp this opportunity to grow exports: Goyal

Union minister Piyush Goyal on Sunday said the world is now looking up to India and its industries and this is the right time for entrepreneurs and industry players to grasp the opportunity and grow exports. Entrepreneurial abilities in the country with innovation, new ideas, new ways of marketing and branding products can unleash the true potential of the country, the Commerce and Industry Minister said while addressing the 49th India Gem and Jewellery Awards. "On April 24, I have a meeting with ministers of the European Free Trade Association (EFTA), consisting of four countries including Iceland, Liechtenstein, Norway and Switzerland, who are keen to negotiate with India. "Other Gulf countries and Russia are also keen to negotiate with India. The world is now looking up to India and its industries, and this is the right time for the industries and entrepreneurs to grasp the opportunity and grow exports," Goyal said. Further, Goyal said jewellery exporters have shown good promise

TVS Eurogrip launches tyres for superbikes, adventure touring segment

The high-performance products have been designed in Europe and built to suit Indian road conditions