Girish Shankar, Secretary, Ministry of Heavy Industries and Public Enterprises has said that the Government of India aims to make automobiles manufacturing the main driver of the ´Make in India´ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
Tag: Make In India
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Auto manufacturing will be main driver of ‘Make in India’ initiative
Girish Shankar, Secretary, Ministry of Heavy Industries and Public Enterprises has said that the Government of India aims to make automobiles manufacturing the main driver of ‘Make in India’ initiative, as it expects the passenger vehicles market to reach 9.4 million units by 2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
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Russia to help India in four key areas
Russia has agreed to help India in four key areas of civil aviation, fertilisers, mining and metallurgy, said an official statement after the fifth meeting of the India-Russia working group on modernisation and industrial cooperation.
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Government plans to make India a hub for aircraft maintenance
In an effort to make India a hub for aircraft maintenance and repair, the government plans to set up two new facilities in the country to scale up the sector currently valued at around Rs 5,000 crore.
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Slow investment recovery holding back growth | India Ratings
India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 upwards to 7.8 per cent from its earlier forecast of 7.7 per cent. The upward revision has been prompted by the progress of monsoon and the sowing of kharif crops so far. With the exception of the East and Northeast, the rainfall in other regions of the country has been more than the long period average.
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Data to accelerate expansion of mobile telephony
Granting of infrastructure status to the telecom tower industry has resulted in varied financial benefits. External commercial borrowing rates have improved. However, lower import duties and accelerated depreciation benefits are yet to be realised.
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Infrastructure | A Travesty of Partnerships
We need to improve our infrastructure, and if someone asked, by when, the obvious answer will be yesterday! According to a study by S&P Global Ratings, the country´s poor infrastructure is the biggest hurdle to the government´s ´Make in India´ programme, and they went on to add that the infrastructure deficit is costing the nation up to 5 per cent of our GDP.
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Technology evolution is the rule of any industry
Kalmar, part of Cargotec, offers the entire range of products for port and marine logistics. We supply quay cranes, RTGC, ASC, straddle carriers, shuttle carriers, reach stackers, empty container handlers, forklifts, terminal tractors and automatic stacking cranes.We also provide handling solutions to heavy industries and rental segment customers
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We will soon form an SPV for port connectivity projects
The state has a long coastline of 720 km, which is almost 10 per cent of India´s coastline. It´s well connected through 18 National Highways and nearly 6,000 km of the railway network.
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En route to MAHA growth
By signing Memorandums of Understanding (MoUs) worth Rs.8 lakh crore, Maharashtra managed to outpace other states in the recently held Make in India week. The MoUs being signed by various companies, and with these firms indicating their investment intentions, clearly showcases the faith being reposed in Maharashtra by the industry.