Industrial Policy

The Kerala government on Wednesday approved its new industrial policy which is aimed at a quantum leap in the key production sector for making the State a hub of most developed industries. Kerala Industries Minister P Rajeev said that the Cabinet approved the new policy which would be focusing on Environmental Social Governance (ESG) investments. "One of the new significant features of Kerala's new industrial policy is, we are focusing on Environmental Social Governance (ESG) investments. We have already constituted a committee consisting of experts from Oxford and representatives of industries to frame an industry framework for Kerala," Rajeev said. He said the intention of the government is to make Kerala the leading State in attracting ESG investments. As part of the new policy various academic, cooperative and private industrial parks focusing on 22 key production sectors would be set up, the Minister said. The new policy, as part of the Industrial Revolution 4.0, has provisio

The global turn to industrial policy defies history and logic

Delhi-NCR led the absorption with 7.3 million sq ft, followed by Mumbai and Bengaluro with 6.1 million sq ft and 5.2 million sq ft, respectively

Good or bad, India's current policy thrust on PLIs, capital subsidies, etc, is in line with the East Asian trend, if not global, notes T N Ninan

The US and UK are threatening their long-term prospects with foolish policy

Punjab Finance Minister Harpal Cheema on Friday sought a border-area special industrial package of Rs 2,500 crore for the development of the state's border districts, besides the resolution of the Cash Credit Limit issue in line with recommendations of the 15th Finance Commission sub-committee. Submitting a comprehensive memorandum of demands for the 2023-24 Union Budget in a meeting with Finance Minister Nirmala Sitharaman, Cheema sought Rs 1,125 crore in budgetary support for assistance to farmers quitting stubble burning, Rs 1,000 crore special assistance for modernisation of the police force and policing infrastructure in sensitive border districts, Vande Bharat trains from the 'holy city' of Amritsar to New Delhi and Bathinda to New Delhi, and a railway link between Rajpura and Chandigarh. During the pre-Budget meeting at Manekshaw Centre here, Cheema said Punjab, being a border state with a high stake in national security, needed to be considered as "special cases", along with

As many as 1,400 B2B (business-to-business) meetings were held with 116 buyers from 19 countries, and 30,000 visitors came to the show

Instead of focusing on manufacturing - its biggest weakness - the US Department of Energy has backed firms that will process lithium, "demonstrate new approaches" and recycle powerpacks

The proposed policy aims to establish UP as an internationally competitive investment destination, generating employment and stoking sustainable economic growth.

The Factories Act is one such, but its provisions don't apply to firms that don't run a factory; many states have their own laws on the matter

Meanwhile, UPSIDA has created an industrial land pool of more than 12,000 acres to facilitate faster allotment to private companies

PLI for auto sector goes in the wrong direction

Chief Minister Basavaraj Bommai on Wednesday said he was ready to walk an extra mile to put Karnataka at the top spot in the country's industrial map

Last month, a delegation met the chief minister Yogi Adityanath who promised them uninterrupted power, cheaper land and labour

Assam Chief Minister Himanta Biswa Sarma on Monday asked the state Industry Department to frame a new industrial policy in order to promote local start-ups

The Centre should focus on broad policy framework rather than micromanaging industrial and developmental activities

India's haphazard foray into industrial policy is going to fail, just as "Make in India" did

Industries cannot operate without prior environment clearance (EC), the National Green Tribunal has said while holding that the State has no power to exempt the requirement

Policy aims to raise contribution of manufacturing sector to 30% of GSDP by 2030, create two million jobs.

The new industrial policy provides for reimbursement of stamp duty and registration charges, reimbursement of land conversion fee, power tariff reimbursement and exemption from electricity duty