Indian government offers steel shipping container manufacturing hub in Gujarat

Indian government offers steel shipping container manufacturing hub in Gujarat

To tap into intensifying demand and the absence of local manufacturing capacity, the Indian government has drawn up plans to establish a shipping steel container manufacturing centre in the western state of Gujarat, a government official said on Monday, April 12. The official added that the government has already began a pilot project for manufacturing such steel containers which would be...

Megha Engineering & Infrastructures's first indigenous oil rig under execution

Megha Engineering & Infrastructures's first indigenous oil rig under execution

On Wednesday, Megha Engineering & Infrastructures Ltd (MEIL) declared that its first indigenously-made oil drilling rig has begun operations at the Kalol oil fields in...

Gujarat's power equipment manufacturers train visions on foreign shores

Gujarat's power equipment manufacturers train visions on foreign shores

Due to a sharp fall in orders from the Gujarat Urja Vikas Nigam Ltd (GUVNL), a power equipment makers industry had lost business over the last few years. So that the...

NABARD estimates Rs 2.25 lakh crore credit potential for priority sector in Gujarat for FY22

NABARD estimates Rs 2.25 lakh crore credit potential for priority sector in Gujarat for FY22

In comparison to the current fiscal, the credit potential for the subsequent financial year is 20% higher, said DK Mishra, Chief General Manager (CGM), NABARD adding that the...

100 MW Wind Energy Plant Flagged off by Adani Green Energy Subsidiary

100 MW Wind Energy Plant Flagged off by Adani Green Energy Subsidiary

A 100 megawatt (MW) wind power plant has been commissioned in Kutch, Gujarat by Adani Wind Energy Kutch Three Limited (AWEKTL), a part of Adani Green Energy. With the successful commissioning of the plant, the company has an operational wind energy generation capacity of 497 MW. The commissioning was five months ahead of schedule, Adani Green Energy Limited (AGEL) said in a statement...

Vice President Urges Industry to Focus on Skill Training

Vice President Urges Industry to Focus on Skill Training

At an event organized by the ‘South Gujarat Chamber of Commerce & Industry in Surat, Vice President M. Venkaiah Naidu said that the Indian industry should focus on skill training and youth should turn from job-seekers to job providers. Interacting with the industrial and trade fraternity of South Gujarat, Vice President urged the industry to play a more proactive role in skill...

Gujarat Budget 2021: Focus on Education, Urban Development, and Healthcare

Gujarat Budget 2021: Focus on Education, Urban Development, and Healthcare

Finance minister Nitinbhai Patel announced the annual budget today. Let us look at the allocations made by the state government to various sectors. Education sector received the highest allocation of 32,719 crore, followed by urban development to which Rs 13,493 crore has been allocated.   In the view of coronavirus pandemic, the state government allocated Rs 11,323 crore for health...

India to Invest Rs 6 Lakh Crore in Ports by 2035: PM

India to Invest Rs 6 Lakh Crore in Ports by 2035: PM

At the Maritime India Summit 2021 today, Prime Minister Narendra Modi announced that India is going to invest more than Rs 6 lakh crore by 2035 in ports as part of the Sagarmala project. The programme is part of the government’s initiative to boost the performance of India’s logistics sector. “The Sagarmala project for promoting port-led development was announced by the...

Container Manufacturing Facility to be Set Up in the State by Transworld Group

Container Manufacturing Facility to be Set Up in the State by Transworld Group

In a first, a cargo container manufacturing facility is going to be set up in the state. An agreement has been signed between Dubai-based Transworld Group and Sagarmala Development Company Ltd to build the facility with an investment of about Rs 200 crore. Transworld Group is promoted by Indian businessman Ramesh Ramakrishnan.   The plan marks India's entry into manufacturing...

New Onshore Blocks Discovered by ONGC in Kutch

New Onshore Blocks Discovered by ONGC in Kutch

In a major breakthrough, Oil and Natural Gas Corporation (ONGC) has reportedly discovered new onshore blocks in Kutch district. For the study and research of the newly identified rocks, the company is going to work with archaeologists and experts from Kutch University and Pandit Deendayal Energy University (PDEU), according to a report by Times of India.      The...

Suzuki Motor Pins its Hopes of Record Sales on India Market

Suzuki Motor Pins its Hopes of Record Sales on India Market

Suzuki Motor Corporation has pinned its hopes of reaching its record sales target of 4.8 million yen by 2025 on its India performance. It is the parent company of India’s largest carmaker Maruti Suzuki which has its plants in Gujarat, Manesar and Gurugram, and majority of its production is predicated on its performance.   India generates more than twice the volume generated by...

UPL's Bharuch Plant to be Closed after Mishap

UPL's Bharuch Plant to be Closed after Mishap

After a fire broke out at UPL’s agrochemical plant in Bharuch causing an explosion killing two and injuring more than 20 people, the state government has ordered for its closure. The explosion happened in the wee hours yesterday at Unit 5 of UPL’s Jhagadia plant in Bharuch district.   According to official sources, at least two people died, 20 were injured and five are...

State Government Approves Investment of Rs 6000 Crore

State Government Approves Investment of Rs 6000 Crore

Five large investment proposals amounting to Rs 6000 crore have been approved by the government of Gujarat. The investment will be done by four companies in diverse sectors. The companies will be setting up their manufacturing facilities in Dholera and Halol.       The state industries and mines department has approved a proposal of ReNew Saksham Urja Private...

Triton EV to Enter India Market, In Discussion with Gujarat and UP Governments

Triton EV to Enter India Market, In Discussion with Gujarat and UP Governments

Triton Electric Vehicle LLC, a US-based electric vehicle company, has revealed its plan to enter the India market and will be setting up its manufacturing facility soon. The company is in discussion with a few Indian states for setting up a well-equipped EV car manufacturing base in India with all the advanced technologies and state of the art infrastructure.     While...

Cadila's Droxidopa Capsule Approved by USFDA, to be manufactured at Ahmedabad Facility

Cadila's Droxidopa Capsule Approved by USFDA, to be manufactured at Ahmedabad Facility

Cadila Healthcare has got approval from United States Food & Drug Administration (USFDA) to market droxidopa capsules. The drug will be manufactured at the Group's formulation manufacturing facility at the SEZ, Ahmedabad. Droxidopa capsules are used for treating low blood pressure. It works by constricting the blood vessels and increasing blood pressure. Low blood pressure can...

Phillips Carbon Flags Off Two Specialty Black Lines in Palej

Phillips Carbon Flags Off Two Specialty Black Lines in Palej

India's largest carbon black manufacturer, Phillips Carbon Black, has given the go-ahead for production to start at its two specialty black lines in Palej, Gujarat. The two lines will be dedicated to producing a host of specialty black products. The two specialty black lines totaling about 32,000 MTPA are for servicing the growing needs of customers, said the RP-Sanjiv Goenka Group...

Inox Wind Receives New Orders for 62 MW Wind Turbine Generators

Inox Wind Receives New Orders for 62 MW Wind Turbine Generators

Wind energy service provider Inox Wind has received fresh orders for the supply and installation of wind turbine generators of 62 MW. The company has got the orders from IPPs and retail customers spread across various industries. The contract has been done for third party sales and captive consumption. The projects will be executed on a turnkey basis across locations in Gujarat and...

FICCI State Council Calls for Vaccination of Private Sector Workers

FICCI State Council Calls for Vaccination of Private Sector Workers

State council of FICCI (Federation of Indian Chambers of Commerce and Industry) has requested CM Vijay Rupani to let the corporate sector start the vaccination of its staff. According to a report by The Week, the council has written a letter to CM to allow private hospitals to begin the process of administering the Covid-19 vaccine. In the letter, co-chair of the FICCI’s Gujarat...

Johnson Controls-Hitachi Air Conditioning India to Open One-stop Shop in Ahmedabad

Johnson Controls-Hitachi Air Conditioning India to Open One-stop Shop in Ahmedabad

An exclusive one-stop-shop for air conditioners is going to be opened in Ahmedabad by Johnson Controls-Hitachi Air Conditioning India Ltd. and Ahmedabad based Trio Home Appliances. The companies have announced the opening of the Exclusive Hitachi Centre in the city. Hitachi World is aimed to be a one-stop-shop and will help architects, consultants, customers and builders of the region to...

Seaplane Services to be Extended to New Routes

Seaplane Services to be Extended to New Routes

Government plans to start seaplane services on numerous new routes after the launch of the seaplane service between the Statue of Unity and Sabarmati Riverfront, said Union Minister Mansukh Mandaviya. The proposed routes include Delhi-Jaipur, Delhi-Udaipur, Delhi-Jodhpur and Delhi-Badrinath among others, the ports, shipping and waterways minister told reporters here. The minister said the...

Borosil Renewables to Set Up New Plant in Kutch

Borosil Renewables to Set Up New Plant in Kutch

To meet the rising demand for glass used in solar panels, Borosil Renewables (erstwhile Gujarat Borosil), is going to add a 500 tonnes per day float glass line. The plant will be built near its existing plant in the Kutch district. Borosil is engaged in the manufacturing of low iron solar glass for application in photovoltaic panels, flat plate collectors and green houses. In addition to...

Bath Fittings Company Watertec to Set Up New Facilities

Bath Fittings Company Watertec to Set Up New Facilities

Watertec India Pvt Ltd, a manufacturer of bath fittings and accessories, is considering an investment of Rs 60-70 crore to set up new facilities in Gujarat, Odisha and Tamil Nadu. The new facilities will help the company achieve its Rs 1400 crore revenue target by the end of FY24. Bantwal Ramesh Baliga, CEO, Watertec, said that the company is planning to invest in the development of three...

Gujarat Second Highest User of Government e-Marketplace Platform

Gujarat Second Highest User of Government e-Marketplace Platform

Since the launch of Government e-Marketplace (GeM) portal, it has been availed the most by ministries of defence and railways and central public sector enterprises (CPSEs). They have been among the largest buyer organizations on the public procurement portal, a senior official said. In 2019-20, Gujarat is the second state to use GeM aggressively for its procurement needs, after Uttar Pradesh....

Li-ion unit of Suzuki and Toshiba to be turned into Export Hub

Li-ion unit of Suzuki and Toshiba to be turned into Export Hub

The joint manufacturing facility for lithium-ion (Li-ion) cells, owned by Suzuki Motor Corp., Toshiba Corp. and Denso Corp. is being considered by the companies to be turned into a global export hub. The factory, the first such in India for manufacturing Li-ion cells, is set to open around April with assembling of battery packs, before graduating to producing Li-ion cells around 2024-25, said...

Reliance Procures World's First 'Carbon Neutral' Oil from the US

Reliance Procures World's First 'Carbon Neutral' Oil from the US

In a bid to become a net zero-carbon company by 2035, Reliance Industries has procured world’s first consignment of ‘carbon-neutral oil’ from the US. Operating the world's largest single location oil refining complex at Jamnagar in Gujarat with capacity of 68.2 million tonnes a year, the company got 2 million barrels of consignment Permian basin, the US supplier said in a...

Sugar Production Increased by 25.37% during October-January: ISMA

Sugar Production Increased by 25.37% during October-January: ISMA

Sugar production in the country has increased 25.37 per cent in the first four months of the current marketing season. The produce has amounted to 17.68 million tonnes, which is considerably higher than the production of 14.10 million tonnes in the same period a year ago, said industry body Indian Sugar Mills Association (ISMA) in a statement.   Sugar sales are reported to be more or...

Textile and Diamond Industry in Gujarat Hail the Union Budget

Textile and Diamond Industry in Gujarat Hail the Union Budget

Union budget announced by the finance minister Nirmala Sitharaman scored high on enablement and encouragement scale for textile and diamond industry in Gujarat. The finance minister proposed the development of seven Mega Integrated Textile Region and Apparel (MITRA) parks and the textile industry experts said they are hopeful that one of the MITRA parks would come up in Surat. The minister...

Five Bidders Submit EoI for Solar and Storage Pilot Project

Five Bidders Submit EoI for Solar and Storage Pilot Project

Solar and storage pilot project in Gujarat has attracted five bidders who have expressed their interest, according to Ajay Kumar Singhal, Chief Executive Officer, Railway Energy Management Company (REMC). The project was announced in December 2020 and will be set-up with Western Railway near Dahod in Gujarat and is already under construction. “An expression of interest was invited in...

Gujarat Second Largest Beneficiary of Centre's Pradhan Mantri Awas Yojana (Urban)

Gujarat Second Largest Beneficiary of Centre's Pradhan Mantri Awas Yojana (Urban)

According to the data released by the ministry of housing and urban affairs (MoHUA), Gujarat is the second highest beneficiary under the Centre’s Pradhan Mantri Awas Yojana (Urban) receiving a central assistance worth Rs 9,717 crore as on January 25, 2021. Uttar Pradesh is the largest beneficiary as per the data. The PMAY (U) launched in June 2015, is a flagship mission of the...

MoU Signed between State Government and Adani Ports and SEZ for Air Cargo Complex and Logistics Park

MoU Signed between State Government and Adani Ports and SEZ for Air Cargo Complex and Logistics Park

An agreement has been signed by Adani Ports and Special Economic Zone (APSEZ) and the state government, allowing APSEZ to explore possibilities of development of a dedicated air cargo complex and multi-modal logistics park in the state. “The company has signed a memorandum of understanding (MOU) with the government of Gujarat for exploring possibilities of development of a dedicated...

Spin-off of Oil-to-Chemicals Business of Reliance Industries Materializes

Spin-off of Oil-to-Chemicals Business of Reliance Industries Materializes

Looking to harness the growth opportunities through strategic partnerships, Reliance Industries has finished the spin-off of its oil-to-chemical business into a new unit which will consist of oil refinery, petrochemical assets and retail fuel business, while excluding oil and gas producing fields.    “Our oil-to-chemicals (O2C) business has formally reorganized its...

8 New Industrial Estates Launched by State Government

8 New Industrial Estates Launched by State Government

Gujarat government is going to set up new industrial estates in eight districts of the state. The decision has been taken with the intent of boosting the capabilities of manufacturers of products like ceramics, clocks, toys, medical devices, auto ancillary, engineering products and food products. Chief Minister Vijay Rupani announced the new eight industrial estate of Gujarat Industrial...

Imposition of Anti-dumping Duty Expected on Chinese Chemical

Imposition of Anti-dumping Duty Expected on Chinese Chemical

After a complaint filed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd, the commerce ministry has advised for imposition of anti-dumping duty on a Chinese chemical used in dye and pharma industries. The imposition may be for a period of five years to support domestic players by pulling the plug on cheap imports from China. Directorate General of Trade Remedies (DGTR) has...

Thomas Cook India Opens New Gold Circle Partner Franchise Outlet in Gandhinagar

Thomas Cook India Opens New Gold Circle Partner Franchise Outlet in Gandhinagar

Integrated travel services company Thomas Cook (India) Ltd. has opened another Gold Circle Partner franchise outlet in Gandhinagar, increasing the number of its consumer access centers to ten. Six of them are its own branches and the remaining four are Gold Circle Partner (franchise) outlets across the state.   Travellers today are seeking the guidance and reassurance of holiday...

Cotton Yarn Manufacturing to Surpass Revenues of 2019-20

Cotton Yarn Manufacturing to Surpass Revenues of 2019-20

In the face of adversity, cotton yarn makers in Gujarat are expected to surpass their revenues of 2019-20. According to estimates from the All Gujarat Spinners’ Association (AGSA), the industry’s turnover was Rs 29,000 crore in 2019-20. Spinning units in the state have already achieved this by the end of the third quarter of 2020-21, leveraging the increased demand and higher prices...

IOCL Rolls Out Industrial Carbon Capture and Utilization Project at Koyali Refinery

IOCL Rolls Out Industrial Carbon Capture and Utilization Project at Koyali Refinery

To undertake the design and feasibility for India’s largest industrial carbon capture and utilization (CCUS) project at Koyali refinery of Indian Oil Corp. Ltd (IOCL) near Vadodara, a consortium led by engineering design services company Dastur has been selected. It comprises Dastur International, Inc., along with its affiliate Dastur Energy Inc. and M. N. Dastur & Co (P) Ltd....

Discoms Decide Not to Increase Power Tariffs for 2021-22

Discoms Decide Not to Increase Power Tariffs for 2021-22

Electricity tariffs will not be increased for the financial year 2021-22 as power distribution companies affiliated with state-run Gujarat Urja Vikas Nigam Ltd (GUVNL) have decided not to change the tariffs. While Torrent Power Limited has proposed not to change retail tariffs, the private sector company has instead sought to levy regulatory charge for a certain period to cover its past...

Vodafone Idea Strengthens GIGAnet 4G Capacity in the State

Vodafone Idea Strengthens GIGAnet 4G Capacity in the State

To improve its GIGAnet 4G capacity in the state, Vodafone Idea has migrated its 3G spectrum across 11 cities in Gujarat. For the network enhancement, it has deployed 5 MHz of 2100 MHz spectrum band in the circle to offer better network connectivity and indoor coverage. The migration is expected to improve connectivity in Ahmedabad, Anand, Bhavnagar, Gandhidham, Gandhinagar, Jamnagar, Morbi,...

ETG Agro to Open Nut Processing Plant in Kheda District

ETG Agro to Open Nut Processing Plant in Kheda District

Pulse processing firm ETG Agro India has flagged off 10,000 tonne nut processing plant in Kheda district. The plant is expected to generate 100 jobs. Apart from processing almond, walnuts, pistachios and cashews, the company in the coming year aims to manufacture nuts ingredients meant for sweets, biscuits, ice-creams and other user industries. The company’s move to add this new...

HMSI to Start Production at its Plant's Third Line in 2-3 Years

HMSI to Start Production at its Plant's Third Line in 2-3 Years

Honda Motorcycle & Scooter India (HMSI) is expected to start production on the third line of its Gujarat Plant in the next two to three years. The company commenced the construction activity of a third line to add six lakh units per annum at its Gujarat plant to increase total capacity to 12 lakh units per annum. Yadvinder Singh Guleria, Director - Sales & Marketing, HMSI said,...

Kite Makers Approach High Court to Protect their Business

Kite Makers Approach High Court to Protect their Business

Amid fears of loss of livelihood because of the prohibition or regulation on kite flying and sale during the festival of Uttarayan, Kite manufacturers and traders have approached the Gujarat high court. The Gujarat Patang Manufacturers and Traders Association has filed an application after a PIL sought HC directions to prohibit kite flying and related activities during the festival next week....

$600 Million Raised by SBI Through Bonds

$600 Million Raised by SBI Through Bonds

SBI has raised $600 million through bonds issued to international investors. The bonds have been issued at a coupon of 1.8 per cent, which is the lowest pricing for such an issue. The bank touted the strong demand to be the reason for the price guidance being revised from T+175 basis points to T+140 basis points. The issuance of bonds will happen through SBI’s London branch, according to...

10 Lakh Sq Ft Area Allotted to Savvy Infrastructure by GIFT City

10 Lakh Sq Ft Area Allotted to Savvy Infrastructure by GIFT City

India’s first operational smart city and International Financial Services Centre, Gujarat International Finance Tec (GIFT) City, has allotted 10 lakh sq. ft build up area to Savvy Infrastructure Pvt Ltd for development of commercial, residential, and social buildings in GIFT SEZ area.    The allotted area will be used by Savvy to develop five projects at the cost of Rs 700...

Resources Base of 7.65 million tonnes of Manganese Established by MOIL in Gujarat

Resources Base of 7.65 million tonnes of Manganese Established by MOIL in Gujarat

State-owned manganese-ore mining company MOIL has announced resources base of 7.65 million tonnes of manganese established in Gujarat under MoU with GMDC. It had signed Memorandum of Understanding (MoU) in October 2019 with Gujarat Mineral Development Corporation (GMDC), an undertaking of Government of Gujarat, to take up project of joint exploration of manganese bearing areas, exploring its...

Textile Industry Witnesses Uptick in Export Demand

Textile Industry Witnesses Uptick in Export Demand

Following a surge in the demand from domestic market, the textile industry in Gujarat is now seeing an uptick in export demand from Europe, USA, Australia and New Zealand. Although the textile industry witnessed a dampened demand in the period from April to July 2020 because of the Covid-19 induced lockdown, the demand is now high on both the domestic and international fronts. “From...

Surat's Diamond Industry Revives

Surat's Diamond Industry Revives

Following a streak of dampened demand, the diamond polishing industry in Surat is witnessing the demand being reignited since the end of November. Industry experts attribute the increase in demand from abroad to the international festivals like Christmas and Chinese New Year after a long phase of weakened demand in industry. Dinesh Navadiya, Regional Chairman, Gem and Jewellery Export...

Adani Green Energy Flags Off 100 MW Solar Power Unit

Adani Green Energy Flags Off 100 MW Solar Power Unit

The subsidiary of Adani Green Energy has flagged off a solar power project at Khirsara in Gujarat. It will have a capacity of 100 megawatts and will take the company’s total operational renewable capacity to 2,950 mw, according to a statement from the company. The subsidiary, Adani Solar Energy Kutchh Two, has a 25-year-long power purchase agreement (PPA ) with the Gujarat Urja Vikas...

New Solar Power Policy Announced by State Government

New Solar Power Policy Announced by State Government

To encourage small and medium scale solar projects on residential, commercial and industrial premises, Gujarat government has announced a new solar power policy. Under the new policy, the state government has scrapped the condition that the installed capacity of a solar project needs to be 50 percent of the sanction load or contract demand. The new policy will enable an individual or...

Government Plans to Build Seaplane Infrastructure

Government Plans to Build Seaplane Infrastructure

To boost seaplane infrastructure in India, an inter-ministerial meeting was held recently by officials from Aviation Ministry and Shipping ministry. If sources are to be believed, the government is planning to build more than 10 aerodromes for seaplane services across the country. The decision is coming in after the launch of maiden seaplane service by Prime Minister Narendra Modi in...

Gujarat Stayed the Course In the Face of Pandemic Induced Adversity

Gujarat Stayed the Course In the Face of Pandemic Induced Adversity

Between June and August, when the national economy was reeling under the impact of Covid-19 pandemic, Gujarat was one of the three states that witnessed a surge in non-farm economic activities. According to the latest RBI report, Gujarat had maintained a steady economic activity index (EAI) of 0.3 in June, 0.4 in July and 0.3 in August, the highest in the month among all major 14 states along...

Specialty Chemicals Company Anupam Rasayan to Go Public

Specialty Chemicals Company Anupam Rasayan to Go Public

Anupam Rasayan, a Specialty chemicals company based in Gujarat has decided to go public. The company has filed its DRHP with the regulators to raise an aggregate of Rs. 760 Crs. The issue proceeds would be used mainly for repayment of debt. As stated in the DRHP, the company may consider an employee discount for eligible employees bidding for the employee reservation portion. The company...

Sadbhav Engineering Declared as Lowest Bidder for Surat Metro Project

Sadbhav Engineering Declared as Lowest Bidder for Surat Metro Project

Gujarat Metro Rail Corporation has declared Sadbhav Engineering’s joint venture (JV) firm as the lowest bidder for construction of part of the Surat Metro project worth Rs 780 crore. The project involves construction of 11.6 km elevated viaduct near Dream City and 10 stations for Surat Metro Rail project. "We have been declared as lowest bidder by Gujarat Metro Rail Corporation...

1000 Acre Special Education Region to be Developed in Dholera

1000 Acre Special Education Region to be Developed in Dholera

Gujarat government has announced that a Gujarat Special Education Region (G-SER) will be developed at the Dholera Special Investment Region (DSIR), a greenfield industrial city. The state government signed a memorandum of understanding (MoU) with Hyderabad-based Cerestra Group to establish Gujarat-Special Education Region in Dholera, which would spread across 1,000 acres. Chief Minister...

Daikin Acquires AHU Business of Ahmedabad-based Citizen Industries

Daikin Acquires AHU Business of Ahmedabad-based Citizen Industries

Air handling unit making business of Ahmedabad-based Citizen Industries has been acquired by Daikin Airconditioning India. The move is expected to enhance Daikin India’s product positioning into the commercial air-conditioning market, a top company official said. It will help Daikin strengthen its presence in the fast-growing commercial air-conditioning mark and expects the segment to...

Gujarat Aiming at Industry 4.0 and Innovation Driven Ecosystem: CM

Gujarat Aiming at Industry 4.0 and Innovation Driven Ecosystem: CM

At a webinar organized by Assocham, Chief Minister Vijay Rupani said that Gujarat has been focusing on Industry 4.0 and also on an innovation-driven ecosystem. Addressing the webinar, Rupani said the state’s new industrial policy and the Atmanirbhar Bharat initiative will help give pace to the state economy.  Rupani said Gujarat is committed to a stable social and political...

Industrial Accidents in the State Will Now Be Reported Online

Industrial Accidents in the State Will Now Be Reported Online

A new online Accident Reporting System is on the anvil in Gujarat for timely and accurate reporting of accidents that occur at factories or construction sites. The labour and employment department officers of Gujarat government are expected to get the online system soon. The Directorate of Industrial Safety & Health (DISH) functioning under labour and employment department will develop...

Kutch to Have India's Largest Renewable Energy Generation Park

Kutch to Have India's Largest Renewable Energy Generation Park

Kutch district is going to have India's largest renewable energy generation park which is expected to be fully operational in the next five years. Prime Minister Narendra Modi laid the foundation stone for the Hybrid Renewable Energy Park near Vighakot village. The park, which will reportedly be spread across 72,600 hectares, will increase Gujarat's renewable energy contribution by...

Bayer Crop Science Ropes In BigHaat For Last Mile Delivery

Bayer Crop Science Ropes In BigHaat For Last Mile Delivery

Bayer Crop Science Ltd has roped in BigHaat, an agri-input e-commerce platform, to deliver its seeds and crop protection products directly to farmers. According to a statement by Bayer, the partnership will benefit farmers in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Kerala with focus on paddy, cotton, corn, chilli and horticulture crops. After the tie-up, farmers will have...

Indian Navy To Order Submarines And Ships Worth $51 Billion By 2030

Indian Navy To Order Submarines And Ships Worth $51 Billion By 2030

Indian Navy is going to order surface ships and submarines worth $51 billion in a period from 2020 to 2030, said Union Minister of State for Defence Shripad Naik. The minister said so while addressing a virtual meet on opportunities at Goa Shipyard Limited (GSL) and Mazagon Dock Shipbuilders Limited (MDSL), organized by the Confederation of Indian Industry (CII). A PTI report mentioned him...

ONGC To Hit The Gas On CapEx

ONGC To Hit The Gas On CapEx

Oil and Natural Gas Corporation (ONGC) has said that it is going to increase its CapEx significantly to make up for the low expenditure and productivity during the lockdown. The oil and gas major has set its CapEx target to Rs 32,500-crore target. ONGC Director – Finance, Subhash Kumar said the COVID-19 outbreak and the global restrictions that followed had disrupted the supply chain,...

RBI Floats On-Tap TLTRO To Buoy Five Sectors

RBI Floats On-Tap TLTRO To Buoy Five Sectors

RBI has come up with an ‘on tap’ Targeted Long-Term Repo Operations (TLTRO) scheme of up to Rs 1 lakh crore to help banks provide liquidity support to five sectors: 1) agriculture, 2) agri-infrastructure, 3) secured retail, 4) MSMEs, and 5) drugs, pharmaceuticals and healthcare. "Investments made by banks under this facility will be classified as held to maturity (HTM) even in...

Economy Is Going To Revive And Thrive: FICCI President

Economy Is Going To Revive And Thrive: FICCI President

The way India has dealt with the COVID-19 crisis has proved to be effective and the economic growth of the country is going to revive and thrive, according to FICCI President Sangita Reddy. She said that it is now time to aim at vigorous growth with aggressive approach and audacious actions. “The dilemma for governments across the world was to create a balance between protecting lives and...

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