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Cabinet approves National Green Hydrogen Mission

The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the Mission will be Rs 197.44 billion including an outlay of Rs174.90 billion for the SIGHT programme Rs 14.66 billion for pilot projects Rs 4 billion for R&D and Rs 3.88 billion towards other Mission components.

More greenfield highways to be built as part of NH development

The government’s National Highway Development Program will now focus on building more greenfield highways rather than expanding the existing network, signalling a significant shift in focus.

Indian Steel Association welcomes approval of PLI scheme

The Production Linked Incentive (PLI) Scheme is a scheme aimed at encouraging domestic manufacturing, substituting imports and finally boosting exports.

Indian Steel Association welcomes approval of PLI scheme

The Indian Steel Association welcomes the cabinet approval of PLI Scheme

Prioritising ports

The modernisation of ports is a prerequisite. The various policy measures announced in the sector are expected to increase investor confidence in the sector which in turn will translate into great opportunities for growth in the port equipment market.

Union Cabinet clears new divestment policy

The Union Cabinet cleared the new policy for Public Sector Enterprises (PSEs). A broadsheet for disinvestment is expected to be announced by Finance Minister Nirmala Sitharaman in the Union Budget.

Commercial coal mining can reduce coal import: CRISIL

The government’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal because of substitution through domestic production.

Commercial coal mining can reduce coal import: CRISIL

The government’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal.

Government plans to set up 13th major port

The Union Cabinet has given its "in-principle" approval for setting up a major port at Vadhavan near Dahanu in Maharashtra. The total cost of the project will be around Rs 655.45 billion.

Govt to set up 13th major port

The Union Cabinet has given its ?in-principle? approval for setting up a major port at Vadhavan near Dahanu in Maharashtra. The total cost of the project will be around Rs 655.45 billion.

Govt sets up Rs 250-bn revival fund for realty

The Union Cabinet has approved constituting a Rs 250-billion alternative investment fund (AIF) for the revival of around 1,600 stalled housing projects across major cities in the country.

Poor Assessment of Triggers

World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 2015. In 2017, it expects global steel demand to grow by 0.5 per cent and reach 1,510 mt.

NMEP to boost mining

The new National Mineral Exploration Policy (NMEP) approved by the Union cabinet is expected to boost private investment in the country?s mineral exploration sector.

National Capital Goods Policy gets approval

The Union Cabinet has given its approval for National Capital Goods Policy. This is first-ever policy for capital goods sector with a clear objective of increasing production of capital goods from Rs 2,30,000 crore in 2014-15 to Rs 7,50,000 crore in 2025

India, Czech Republic ink bilateral cooperation treaty

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has been apprised of the protocol signed earlier between India and Czech Republic in the field of heavy industry, especially in industrial cooperation and facilities construction.

Projects worth $112 bn put on fast track

The Centre?s project monitoring group has fast-tracked the clearance of over 200 projects worth about $112 billion

Excavators to Dominate

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold.

Catalysing Growth

Winds of change are here to stay! Investment in the construction development sector has a multiplier effect on the economy by way of infrastructure creation; substantial employment generation over the entire spectrum,

Road projects to get a push

The Union Cabinet has given full authority to the Road Transport and Highways Ministry to ease the rigid model concession agreement (MCA) to speed up delivery of highway projects. Till now, even small changes in the MCA were referred to inter-ministerial group (IMG) for approval.

Excavators Ready to Ride the Slump

Within the Indian construction equipment industry, the crawler excavator segment is the largest by value and the second largest, after backhoe loaders, in terms of number of units sold. Now, the shrinking market and intense competition have forced OEMs to focus more on value additions. Concepts like low lifecycle cost, faster ROIs, lowest cost per tonne all have made it imperative for OEMs to innovate, both on the product design and service fronts. Agith G Antony takes a peek at the prevailing t

We provide tailor-made offerings to suit different customer requirements

Caterpillar?s vision is to be recognised as the leader everywhere we do business. Our strategy in India is to win by delivering quality products, services and solutions to our customers, says Ajay Shankar, Country Manager, Caterpillar India. Excerpts of the interview.

Subsidy for semiconductor industry

The Union Cabinet gave its in-principle approval to provide subsidy for setting up of chip-fabrication units to boost investments in the semiconductor sector and also improve country's beleaguered economy. This is seen to provide a significant push to domestic electronics manufacturing and act as magnets for the electronics components

Assam to get 3000-km new roads

Media reports say that the Union Cabinet on July 3 approved a proposal by the Rural Development Ministry to relax norms for Assam so that 1,877 unconnected habitats can get road connectivity under the Pradhan Mantri Gram Sadak Yojana (PMGSY). These habitats, having population ranging between 250 and 499, will now be connected new roads covering a length of 3,140 km.

Cabinet allows SAIL, RINL to charter ships directly

State-run steel makers SAIL and RINL received approval from the union cabinet to charter ships directly without going through the government's chartering organization TRANSCHART for importing coal and other raw materials. The move would facilitate better control of logistics, shipping and operations of importing coal and other raw material from overseas, a government statement

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