Project will eventually produce 18 MMT of steel annually, while providing direct & indirect employment to a lakh people. 'We're creating a steel city,' says CM Naidu.
The proposal, which will replace the current Production-Linked Incentive scheme focused mainly on incremental domestic output, will reward exports and deeper local sourcing, Bloomberg has learnt.
During Modi’s visit to Israel, India and Israel agreed to enhance bilateral defence cooperation, including joint development and production of defence systems.
On Wednesday, Washington imposed 126% on Indian solar imports, saying New Delhi unfairly subsidised manufacturing. Analysts say this could shut exporters out of the US market.
Ministry of Defence is offering a three-week window for getting to the bottom of a document running into two volumes and 800-odd pages. It seems more of a formality.
From day one, Make in India was driven by optics than economics. There were global summits, slick visuals, and media blitzes. But the real machinery never showed up.
India is the fourth largest and fastest-growing aviation market after the US, Russia, and China, valued at a mind-boggling $16 billion in FY25. It is expected to grow threefold by 2033.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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