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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