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CIL phasing out imports for boosting domestic mining equipment manufacturing

Current imports, which encompass electric rope shovels, hydraulic shovels, dumpers, and more, have incurred an additional Rs 1,000 crore in customs duty over the past five years.Read more

Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing

A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more

Quality certification slowdown in China hits Nike, Mitsubishi, Carrier

Government sources revealed that these companies have approached the government, seeking certification for their manufacturing units in other Asian countries.Read more

CG Power seeks approval for $791 mn semiconductor facility in India

The company relayed this information through a statement to the stock exchange, indicating the submission of the application to the Ministry of Electronics and Information Technology.Read more

Commerce minister extends investment invitation to Nordic-Baltic region, key market for exports

Addressing the CII India Nordic-Baltic Business Conclave 2023 in New Delhi, Goyal highlighted remarkable export growth rates to Finland and Norway.Read more

Clean energy transition vital for Global Progress, says G20 Sherpa & energy leaders

Speaking at the Accelerating Clean Energy in India event organised by the World Resources Institute (WRI) India, Amitabh Kant highlighted that a rapid shift to a decarbonised energy system by 2050.Read more

Ministry of Heavy Industries champions localisation for global manufacturing hub

The Union Minister underscored the pivotal role of high-quality and advanced localisation in positioning India as a prominent global supplier.Read more

Probe initiated: Electric 2W makers face scrutiny for alleged FAME-II norm violations

The findings of the investigation are anticipated within a month, and corrective actions will be taken accordingly, potentially involving individuals and system improvements.Read more

Ministry of Mines launches S&T-PRISM initiative to boost innovation in mining Start-ups, MSMEs

This initiative is poised to fill the longstanding gap in research and innovation within startups and MSMEs operating in the fields of mining, mineral processing, metallurgy, and recycling.Read more

Minister assigns top priority to critical projects of the Northeast by Jan, 2024

Sarbananda Sonowal chaired a meeting of the Ministry of Ports, Shipping & Waterways (MoPSW) and Ministry of Ayush (MoA) to review the ongoing projects of both the ministries in the Northeast region.Read more

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