The Government is continuously taking steps to boost industrial growth including infrastructure sector which includes putting in place a policy framework to create conducive business environment, strengthening infrastructure network and ensuring availability of required inputs. Foreign Direct Investment (FDI) policy and procedures have been simplified and liberalised progressively. The Government has also taken up a series of measures to ...
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Industries Grow through Better Planning & Execution Not by Creating More Corporations
Recently, it was reported that, the Government of Odisha is planning to set up a ‘Steel Directorate’ to expedite in resolving bottlenecks for development of mining of iron ores, their beneficiation, agglomeration, production of sponge iron and steel etc. The State Government has already got a number of organizations like Directorate of Mines, Industrial Development Corporation (IDC), Orissa Mining Corporation ...
Read More »Managing Business Risks in Uncertain Times
With its vast natural resources, Odisha is ranked as a top investment destination of India, yet the State remains one of the most backward States of India along with other eastern States of Jharkhand, Bihar and Chhatisgarh. Such contradictory situation can be explained by number of causative factors including low levels of entrepreneurship, risk averse mind set and non-application ...
Read More »SLSWCA approves 4 Investment proposals of Rs.1495 cr. envisaging employment for 6000 people.
The State Level Single Window Clearance Authority Meeting held under the Chairmanship of Chief Secretary Sri Aditya Prasad Padhi accorded in principle approval to 4 investment proposals envisaging investment of around Rs.349 cr. These projects, mainly in pharmaceuticals, textiles, downstream industries in metals and minerals sectors would create employment opportunities for more than 6000 people. The meeting was held today ...
Read More »Exploitation of Atomic Minerals
Government of India is aware of the fact that 10.98 million tonnes of resources of Molybdenum Ore is located in Tamil Nadu. However, Department of Atomic Energy (DAE) has not taken up any project for exploitation of Molybdenum available near Harur Taluk, Dharmapuri District in Tamil Nadu. Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic ...
Read More »Profitability of Ports
The Minister of State for Shipping and Finance Shri Pon Radhakrishnan in a written reply to a question in Lok Sabha todayinformedthatall the 12 Major Ports have earned operating surplus during the last three years. This has been possible on account of various infrastructure & development projects undertaken by the Ports which is an ongoing process and also because of ...
Read More »Development of Port Infrastructure
The Minister of State for Shipping and Finance Shri Pon Radhakrishnan in a written reply to a question in Lok Sabha today informed that under Sagarmala Programme, 243 projects (cost: Rs. 142,989 crore) have been identified for enhancing the infrastructure at Indian ports upto 2035. Out of these 44 projects (cost: Rs.8549 crore ) have been completed and 79 projects (cost: ...
Read More »11,30,840 Permanent employees in PSUs
As per Public Enterprises Survey 2016-17 laid in Parliament on 13.03.2018, the total number of permanent employees employed in Central Public Sector Enterprises as on 31.03.2017 are 11,30,840 of which Managerial/Executives are 2,65,486. The total number of contract workers engaged by CPSE as on 31.03.2017 stood at 3,38,521. This information was given by Shri Santosh Kumar Gangwar, Union Minister of ...
Read More »Coal production in private sector
Coal production by private sector has increased from 32.55 MT in 2015-16 to 34.75 MT in 2017-18. The details of coal produced by private sector (company-wise/mine-wise) during the last three years and current year is given below: COMPANY WISE RAW COAL PRODUCTION DURING 2015-16 to 2017-18 [Quantity in Million Tonnes] Company Name of Captive Block 2015-16 2016-17 2017-18 (Provisional) ...
Read More »Measures to restrict the import of Gold
The Government has introduced the following measures to restrict the import of gold in the country: Imposition of restriction on duty free gold imports from the South Korea as allowed under the existing India-Korea CEPA. Imposition of self-use condition on Premiere Trading House and Star Trading House authorised to import precious metal (gold) directly from overseas bullion supplier (DGFT ...
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