The production of raw cashew nuts in India during 2017-18 has increased to all time high at 8.17 lakh metric tonneand registered growth of 4% compared to previous production of 7.79 lakh metric tonneand 21 % increase compared to 2015-16 production of 6.70 lakh metric tonne. However, due to shortage of sufficient quantity of raw cashew nut and higher price ...
Read More »Yearly Archives: 2018
Investment in Logistics to Touch USD 500 Billion By 2025: Suresh Prabhu
Expenditure on investment in logistics, including infrastructure, will touch USD 500 billion, annually, by 2025, said Union Minister of Commerce and Industry in New Delhi today. He further said that this will create millions of jobs and also do away with the hurdles hampering India’s internal and global trade. India is now being looked upon as one of the most ...
Read More »CIL Coal Production has Increased by 105 MT (Approx) During the Last Four Years
The CIL coal production has increased by 105 MT (approx) during the last four years as compared to an increase of 31 MT (approx) during the period of 2010-11 to 2013-14 (4 years). Similarly offtake of coal from CIL has increased by about 109.12 MT during the last four years as compared to an increase of about 55.04 MT during ...
Read More »Net Profit of Coal India Limited
The Profit after Tax of Coal India Limited (Consolidated) for 4thquarter of FY 2017-18 was Rs 1295.34 crores as against Rs2718.80 crores in the corresponding 4th quarter of FY 2016-17 registering a decline of Rs 1423.46 crores which is around 52%. The major reason for dip in net profit was on account of impact of past service cost of Rs 7384.37 ...
Read More »Growth of Infrastructure Industries
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 ...
Read More »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 ...
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