Page 2 - Industrial Policy

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

Pro-industry policies have helped Gujarat attract investment: Officials

Gujarat's industry-friendly policies have played a key role in attracting investments across sectors and underscore the state government's commitment to drive India's economic growth, officials said. Like the previous nine Vibrant Gujarat Global Summits held over the last two decades, the 10th edition of the summit, to be organised in Gandhinagar between January 10 and 12, 2024, will serve as a platform to showcase the state's commitment to promote business-friendly policies, they said. The state aims to support the Centre's vision of 'Atmanirbhar (self-reliant) Bharat' through 'Atmanirbhar Gujarat,' and measures announced to attract businesses are aimed towards the same, the officials said. They credited Prime Minister Narendra Modi's vision for economic development behind the state's progressive policies. "The Vibrant Gujarat Global Summit has played a key role in attracting an impressive USD 55 billion in foreign investments over the past two decades. It has contributed to more

Gujarat industrial policy aims to make state global biz hub: Stakeholders

The Gujarat government's industrial policy, launched in August 2020 with an aim to provide Rs 40,000 crore in subsidies to industries over five years, is a reflection of its commitment to make the state a global business destination, stakeholders have said. The policy, valid for a period of five years since its launch, promises an average annual outlay of Rs 8,000 crore, indicating substantial support for industries, they said ahead of the 10th edition of the Vibrant Gujarat Global Summit to be held from January 10-12, 2024, in Gandhinagar. The summit is a forum for business networking, knowledge sharing and strategic partnerships for inclusive growth and sustainable development. The state's industrial policy has been well on target to achieve its mission to promote entrepreneurship and innovation by inclusive and balanced regional development, world-class infrastructure, and initiatives aimed at easing the business environment and export competitiveness. This is a reflection of th

Odisha govt approves seven industrial projects worth Rs 1482.53 crore

The Odisha government approved seven industrial projects with a collective investment of Rs 1482.53 crore, which would create employment for over 11,500 people. The State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Pradeep Kumar Jena on Friday approved these projects to be set up in Khurda, Ganjam, Sundargarh, Keonjhar, Jajpur, Balasore, and Rayagada districts, a government statement said. The SLSWCA approved the proposal of Tech AIC DRI Pellets Pvt Ltd to set up a steel manufacturing plant with an investment of Rs 800 crore in Keonjhar district, it said. MAS Udyat India Pvt Ltd got the state government's nod for establishing an integrated textile facility with an investment of Rs 214.40 crore in Khurda district. Alenn Steel Industries Pvt Ltd has committed to invest Rs 178 crore by establishing a cold rolled precision pipes manufacturing unit at Kalinganagar in Jajpur district. The state government also approved the Rs 121.21 crore investment proposal

State industrialists urge Rajasthan govt for long-term business policy

Industrial electricity rate in Rajasthan is around Rs 8.45 per unit, whereas it is much lower in Gujarat, Madhya Pradesh and Haryana.

Industrial projects worth Rs 21.73 trn approved by Odisha govt: Minister

To make Odisha an industrial hub in eastern India, the state government has approved 848 industrial projects in different sectors with an estimated potential investment of Rs 2l.73 lakh crore, Industries Minister Pratap Keshari Deb told the Assembly on Friday. Replying to a question of BJD member Prafulla Samal, the minister said the state government has taken some tangible steps for promotion of industries in various sectors across the state to make Odisha an industrial hub in eastern India. As a result of these initiatives, 848 industrial projects in different sectors of industry have been approved through State Level Single Window System for establishment of industries with an estimated potential investment of Rs 2l,73,871.34 crore and estimated employment generation of 9,14,895 people, he said. To attract investors the state government has implemented Industrial Policy Resolution (IPR), 2022 and formulated 24 sector specific policies, Deb said. "The government is committed to .

Tata Group and Vedanta offer lessons in India's industrial policy

Tata, at least, has already made the right start. By its own account, Tata Electronics is a "venture of the Tata group with expertise in manufacturing precision components."

Scheme to tackle pollution by processing units in sectors on the cards

With an eye on FTAs, govt is considering incentivising industry to invest in solutions

Industrial metaverse gains real-life traction

Digital transformation strategies are moving towards a common approach in which a single suite of diverse technologies helps bring cost, time, and resource efficiencies

Rajnath Singh to embark on 4-day visit to Italy, France from Monday

Defence Minister Rajnath Singh will pay a four-day visit to Italy and France beginning Monday to expand bilateral strategic engagement and explore industrial cooperation for joint development of military hardware. In the first leg of his two-nation tour, Singh will travel to Rome where he will hold wide-ranging talks with his Italian counterpart Guido Crisetto, according to the defence ministry. The relationship between India and Italy was elevated to the level of strategic partnership in March during the Italian prime minister's visit to India. "Defence Minister Rajnath Singh will visit Italy and France from October 9 to 12, " the ministry said. In Paris, Singh will attend the fifth annual India-France defence dialogue with his French counterpart Sebastian Lecornu. "India and France recently celebrated 25 years of strategic partnership. Both countries enjoy a deep and wide-ranging bilateral defence relationship, including significant industrial cooperation," the defence ministry s

Will industrial policy fail India again?

Seven lessons from East Asia's industrialisation