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HLCA clears investment proposals worth Rs. 2, 04,069 Cr

The 20th High Level Clearance Authority (HLCA) meeting held under the Chairmanship of Hon’ble Chief Minister, Shri Naveen Patnaik in newly inaugurated Kharavel Bhavan conference hall on 19th August, 2019, has approved five investment proposals envisaging investment of Rs. 2,04,069 Crore. With the 5T initiative devised by the Odisha Govt.,where transformation goals will be achieved through teamwork, transparency and technology ...

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Odisha to produce 100 MTPA steel by 2030 More than 50% value addition of the primary metal produced in Odisha

Prominent steel manufacturers met today at Bhubaneswar and interacted on the vision of achieving 100 MTPA capacity for steel production in Odisha. Addressing more than 60 steel manufacturing companies, Dibya Shanker  Mishra, Minister of Industries, Odisha mentioned that the state provides an unparalleled conducive ecosystem for the steel industries to expand their manufacturing facilities. He also stated that the State ...

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Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of February, 2019 (BASE 2011-12=100) 

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2019stands at 127.5, which is 0.1 percent higher as compared to the level in the month of February 2018. The cumulative growth for the period April-February 2018-19 over the corresponding period of the previous year stands at 4.0 percent. 2.        The Indices ...

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NuGen Mobility Summit 2019 

The International Centre for Automotive Technology (ICAT) is organizing a NuGen Mobility Summit, 2019, at Manesar, NCR, from 27th to 29th November 2019. The objective of the Summit is to share new ideas, learnings, global experiences, innovations and future technology trends for faster adoption, assimilation and development of advanced automotive technologies for a smarter and greener future. This event will help in ...

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Steel Production and Export 

Export and import are dynamic situation which keep fluctuating based on factors like cost of raw material, exchange rate, domestic demand, international price of steel, inventory stocking/destocking, demand in global market and competitiveness. India’s exports declined by 23.1 percent to 0.598 million tonnes as shown under:   Total Finished Steel (alloy/stainless+ non-alloy) Export (mt) Year Qty %change over last year ...

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Public Enterprises Survey 2017-18 tabled in Parliament 

The Public Enterprises Survey 2017-18 on the performance of Central Public Sector Enterprises, brought out by the Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, was tabled in both the Houses of Parliament today. There were 339 Central Public Sector Enterprises (CPSE) in 2017-18, out of which 257 were in operation. Remaining 82 of the CPSEs were ...

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Assistance under IIUS 

At present, there are 58 projects in different States sanctioned by Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry under Industrial Infrastructure Upgradation Scheme (IIUS)/Modified Industrial Infrastructure Upgradation Scheme (MIIUS) based on the project proposals received from Special Purpose Vehicles(SPVs)/State Implementing Agencies (SIAs). However, no project has been sanctioned in Sheohar district of Bihar under IIUS. ...

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Establishment of NIMZs 

National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011.  NIMZs are envisaged as large areas of developed land with the requisite eco-system for promoting world class manufacturing activity. So far, three NIMZs namely Prakasam (Andhra Pradesh), Sangareddy (Telangana) and Kalinganagar (Odisha) have been accorded final approval and 13 NIMZs have been accorded ...

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Exports from SEZs at Rs. 3.33 lakh crore; Employment generation at 19.96 lakh persons 

The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  The SEZs Rules, 2006 came into effect on 10th February, 2006.  The salient features of the SEZ scheme are:- A designated duty free enclave to be ...

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FAME-India Scheme 

In order to promote manufacturing of electric and hybrid vehicle technology and to ensure sustainable growth of the same, Department of Heavy Industry is implementing FAME-India Scheme- Phase-I [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] from 1st April 2015. The scheme, which was initially upto 31st April 2017, has been extended upto 31st March, 2019 or till Notification of ...

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