India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.
Tag: Railways
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Traction Ahead!
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
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Post Budget Analysis | Cement
Improved rural incomes, higher rural credit and increased allocation for the rural, agricultural and allied sectors are likely to boost rural demand, including the requirement for rural housing.
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Post Budget Analysis | Metals: Iron and Steel
The government's thrust on infrastructure, which is one of the key end-user industries for the steel business, is an encouraging trend for steel demand. Within infrastructure, significantly higher capital expenditure earmarked for affordable housing, power transmission and railways is likely to augment steel demand.
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Railways need to create a holistic engagement platform
Hitachi and its subsidiary company, Ansaldo, are engaged with the Indian Railways on many platforms. We will be introducing state-of-the-art technology in signalling and telecommunications on the Dedicated Freight Corridor (DFC) from Delhi to Mumbai.
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India to be the fastest growing market for project managers | Global PMI Study
A new Anderson Economic Group (AEG) analysis commissioned by the Project Management Institute (PMI) finds the project management profession will outperform total global job growth over the next decade, creating millions of new positions in India that pay highly-competitive wages.
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Areef Patel, Vice-Chairman, Patel Integrated Logistics Ltd
The logistics sector generates mass employment and is a key revenue earner for the government. In order to improve the competencies of the logistics sector, the Goods and Services Tax (GST) should be implemented without further delay, which could result in potential savings of around $200 billion and lead to streamlining of the taxation structure and reduce inventory maintenance costs.
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Minister of Railways unveils ´Mission 41k´
Minister of Railways Suresh Prabhu unveiled ´Mission 41k´ during a roundtable discussion with external stakeholders on energy initiatives taken up by the Indian Railways.
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Rs.2,41,000 cr for transport infra in Union Budget
The Union Budget has allocated Rs 2,41,000 crore for the transportation sector. ´For transportation sector as a whole, including rail, roads, shipping, I have provided Rs 241,387 crore in 2017-18,´ Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.
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Karnataka, Centre to sign MoU for Bengaluru’s suburban rail system
Karnataka and the Centre will sign a Memorandum of Understanding (MoU) in Bengaluru to pave way for the city's first suburban rail system — a long-pending demand of citizens and civic groups.