Industrial Policy

Govt exploring the possibility of setting up dedicated space parks

Move may be key to achieving Centre's goal of $11 billion space-related export by 2033

Rajasthan Summit: Vedanta, top industrialists announce major investments

Kumar Mangalam spoke of the history of BITS Pilani, which his family founded almost a century ago. The institution has given thousands of dynamic leaders and entrepreneurs to the world

MP CM Mohan Yadav performs 'Bhumi Pujan' for new industrial units in state

CM Yadav also distributed land allotment letters to representatives of 20 industrial units in the renewable energy sector and extended his congratulations

Incentives in offing as industrial policy comes into effect in Chhattisgarh

The New Industrial Development Policy 2024-29, which came into effect from November 1, will be the sixth after the state came into existence on November 1, 2000. It will exist till October 31, 2030

Finetuning industrial nodes: Intent correct, design requires refinement

The decision to develop select cities as industrial hubs is sound, but revisiting the choice of locations could make it a game-changer

Rajasthan govt plans 14 new industrial areas ahead of investment summit

Manufacturing sector contributes about 24 per cent to its gross state domestic product

Piyush Goyal to chair meet with states on Sept 5, discuss industrial growth

Commerce and Industry Minister Piyush Goyal would chair a meeting of state industry ministers on September 5 to discuss ways to promote industrial growth of the country, an official said. As industry is a state subject, they are key stakeholders in promoting the sector, the official said. "Issues like ways to promote manufacturing, promotion of industries and state issues may come up for deliberations on September 5 here," the official added. The Centre is already taking a number of measures in this direction and that includes reducing compliance burden, promoting ease of doing business and setting up of industrial townships. Recently, the Government of India approved 12 new industrial cities in 10 states on the lines of Greater Noida in Uttar Pradesh and Dholera in Gujarat to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Ag

Kothari Industrial Corporation lines up expansion plans across segments: MD

Armed with a new promoter on board, the diversified conglomerate Kothari Industrial Corporation Ltd has drawn up aggressive expansion plans across various segments, a top official said. The company would focus on footwear, fertilisers, food, drone technology, synthetic textiles, solar in the coming years, creating huge job opportunities, Vice- Chairman and Managing Director J Rafiq Ahmed said here. Detailing his vision plan for the city based group at an interaction, Ahmed who became the Vice Chairman and Managing Director in 2018, said he became an investor in 2014 after being into the steel business. Ahmed currently has a 47.08 per cent stake in the entity. After the completion of the open offer on equity shares, his holding in the group could go up to 73.07 per cent. After getting delisted from the stock exchanges in 2000, the company got relisted recently. Elaborating about the plans for the company, Ahmed said, "We are going to grow very aggressively. The old glory that Kotha

12 industrial parks worth Rs 25,000 crore await Union Cabinet nod

To attract Rs 1.5 trn investment in boost to manufacturing

To generate jobs, Puducherry minister to unveil new industrial policy soon

Puducherry Industries Minister A Namassivayam told the territorial Assembly on Friday that a new industrial policy would be unveiled soon for the development of industries in the union territory and to generate job opportunities for the youth. Replying to a question tabled by V P Ramalingam (nominated legislator), the minister said that those coming forward to set up industrial enterprises in the union territory were seeking several concessions which related to GST and Income Tax. The government would have to consider these pleas. "Our intention is to encourage industries to come up in Puducherry so that jobs can be created for the educated youth," he said, and added that all aspects were being considered to ensure industrial development in the union territory. Namassivayam said that the government also proposed establishing an Information Technology park. On the number of industries established since the present government assumed office in 2021, he said that 189 industries have c

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. .