Page 3 - Industrial Policy

Perspectives on industrial policy

Balancing financial incentives with trade liberalisation is crucial for making India's manufacturing sector globally competitive

TN kicks off BizBuddy Outreach programme to address industry concerns

SIPCOT or the State Industries Promotion Corporation of Tamil Nadu is an institution owned by the Government of Tamil Nadu to promote industrial growth in the state

World Environment Day: Green clearances in India at multi-year high

Industrial projects get bulk of clearances, followed by infrastructure and mining

Inter-ministerial meet for new industrial policy underway: DPIIT Secy

An inter-ministerial consultation is going on for formulation of a new industrial policy, which would aim at building a globally competitive business environment to increase manufacturing and exports, a top government official has said. This would be the third industrial policy after the first in 1956 and the second in 1991. It is likely to replace the industrial policy of 1991 which was prepared against the backdrop of the balance of payment crisis. "The policy is in the process of inter-ministerial consultation...It will focus on newer set of industries that has now come," Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh told PTI. The proposed policy is likely to suggest reforms to foster and create a globally progressive, innovative and competitive industrial ecosystem. The six core objectives of the policy may include focus on competitiveness and capability; economic integration and moving up the global value chain; promoting Indi

Need states' support to resolve industrial corridor issues: FM Sitharaman

The industrial corridors can be operationalised by expediting land acquisition, facilitating the implementation of external infrastructure linkages, among other things

Industrial concentration power doesn't dictates pricing capacity: SBI

The core CPI (which was sticky for almost one year) also moderated to almost 2-years low to 5.74 per cent in March 2023, said Ghosh

Kerala approves new industrial policy to become hub of developed industries

The Kerala government on Wednesday approved its new industrial policy which is aimed at a quantum leap in the key production sector for making the State a hub of most developed industries. Kerala Industries Minister P Rajeev said that the Cabinet approved the new policy which would be focusing on Environmental Social Governance (ESG) investments. "One of the new significant features of Kerala's new industrial policy is, we are focusing on Environmental Social Governance (ESG) investments. We have already constituted a committee consisting of experts from Oxford and representatives of industries to frame an industry framework for Kerala," Rajeev said. He said the intention of the government is to make Kerala the leading State in attracting ESG investments. As part of the new policy various academic, cooperative and private industrial parks focusing on 22 key production sectors would be set up, the Minister said. The new policy, as part of the Industrial Revolution 4.0, has provisio

A monster from the past

The global turn to industrial policy defies history and logic

I&L sector takes 31.6 mn sq ft on lease in 2022, highest since 2019

Delhi-NCR led the absorption with 7.3 million sq ft, followed by Mumbai and Bengaluro with 6.1 million sq ft and 5.2 million sq ft, respectively

Chexit, in parts: Reshoring, friend-shoring and billions of dollars in sops

Good or bad, India's current policy thrust on PLIs, capital subsidies, etc, is in line with the East Asian trend, if not global, notes T N Ninan

The US and UK should be welcoming foreign talent, not driving it away

The US and UK are threatening their long-term prospects with foolish policy

Punjab seeks Rs 2,500 cr industrial package to develop border districts

Punjab Finance Minister Harpal Cheema on Friday sought a border-area special industrial package of Rs 2,500 crore for the development of the state's border districts, besides the resolution of the Cash Credit Limit issue in line with recommendations of the 15th Finance Commission sub-committee. Submitting a comprehensive memorandum of demands for the 2023-24 Union Budget in a meeting with Finance Minister Nirmala Sitharaman, Cheema sought Rs 1,125 crore in budgetary support for assistance to farmers quitting stubble burning, Rs 1,000 crore special assistance for modernisation of the police force and policing infrastructure in sensitive border districts, Vande Bharat trains from the 'holy city' of Amritsar to New Delhi and Bathinda to New Delhi, and a railway link between Rajpura and Chandigarh. During the pre-Budget meeting at Manekshaw Centre here, Cheema said Punjab, being a border state with a high stake in national security, needed to be considered as "special cases", along with

India Stonemart 2022 exhibition gets enquiries worth Rs 1,200 crore

As many as 1,400 B2B (business-to-business) meetings were held with 116 buyers from 19 countries, and 30,000 visitors came to the show

Why the US cannot match China's industrial heft on EVs, batteries

Instead of focusing on manufacturing - its biggest weakness - the US Department of Energy has backed firms that will process lithium, "demonstrate new approaches" and recycle powerpacks

UP govt to promote private industrial parks under the 'make-in-UP' theme

The proposed policy aims to establish UP as an internationally competitive investment destination, generating employment and stoking sustainable economic growth.

Moonlighting: No blanket ban in India though several laws frown upon it

The Factories Act is one such, but its provisions don't apply to firms that don't run a factory; many states have their own laws on the matter

Rs 11,000-crore investments lined up to create industrial hubs in UP

Meanwhile, UPSIDA has created an industrial land pool of more than 12,000 acres to facilitate faster allotment to private companies

Another industrial policy misstep

PLI for auto sector goes in the wrong direction

Will walk extra mile to put Karnataka in no. 1 spot on industrial map: CM

Chief Minister Basavaraj Bommai on Wednesday said he was ready to walk an extra mile to put Karnataka at the top spot in the country's industrial map

Punjab industry looks to Uttar Pradesh with nearly 150 new units

Last month, a delegation met the chief minister Yogi Adityanath who promised them uninterrupted power, cheaper land and labour