Snehal khanna Blog

Modi said a single-window facilitation cell provided hand-holding for foreign investors and there were attractive fiscal incentives from the Union and state govts LATEST NEWS : Prime Minister Narendra Modi on Friday said the food sector that allows 100 per cent foreign investment was the priority in the government's ambitious "Make In India" programme. Launching a three-day global conference on the food industry here, Modi said food processing was an age old practice in India and simple, home-based techniques like fermentation had resulted in the creation of "our famous pickles, papads, chutneys and murabbas that now excite both the elite and the masses across the world". He said the government had taken a range of "transformational initiatives to make the country "most preferred investment destination in this sector". "It is priority sector in our 'Make in India' programme. 100 per cent Foreign Direct Investmen...

GE won a $2.6 billion contract in 2015 to supply 1,000 diesel locomotives LATEST NEWS  : Surprise policy shifts, consisting of an obvious U-turn over a locomotive cope with preferred electric, chance undermining high Minister Narendra Modi’s flagship ‘Make in India’ initiative, which targets to create millions of jobs and enhance increase, enterprise executives say. GE won a $2.6 billion agreement in 2015 to deliver 1,000 diesel locomotives - the largest direct funding in India with the aid of a U.S. company and the primary deal awarded to a foreign company after India allowed one hundred percentage foreign investment in its railways - a part of efforts to overhaul its creaking, colonial-technology infrastructure. however the railways ministry said ultimate week it wouldn’t need diesel in spite of everything - hoping to shop on fuel and maintenance fees - and advised GE may need to make electric powered engines instead. electric engines are typically used for...

Smaller players could be routed; major Indian brands may not get any significant advantage Latest news : The Union government is mulling imposing a 15 per cent basic customs duty (BCD) on the import of finished mobile handsets once the Goods and Services Tax (GST) comes into effect. The move is intended to protect manufacturers who have set up units in India and put a curb on the outflow of foreign exchange to countries like China, Taiwan, and Vietnam. Boosting local manufacturing or assembly of mobile phones is a key part of Prime Minister Narendra Modi ’s pet project — Make in India. What the government intends to do? The Commerce and Industry Ministry had proposed a customs duty of 15 per cent on smartphone imports. Under the Phased Manufacturing Program (PMP) developed by the ministry of electronics and information technology, the government aims to enable large-scale manufacturing of mobile phones. As local value addition in handsets remains as low as two...