PLI Scheme Reviewed by Union Commerce Minister Piyush Goyal
India needs to prioritise sectors where it holds a competitive edge over other countries and address the challenges faced by various stakeholders to boost the nation’s exports. This was highlighted by Union Minister of Commerce and Industry, Piyush Goyal, during a review meeting on the Production Linked Incentive (PLI) Scheme, a key initiative aimed at making India self-reliant in manufacturing.Goyal underscored the importance of achieving self-sufficiency in key sectors covered under the PLI Scheme. He advised Ministries to concentrate on building quality skilled manpower rather than focusi..
ITD Cementation Bags Rs 9.6 Bn Orders in Airports, Realty
Engineering and construction specialist ITD Cementation India has won two new orders worth about Rs 9.6 billion (exclusive of GST). One package covers a series of works at Trivandrum International Airport in Kerala, while the other involves building a multi-storey commercial complex in Kolkata, West Bengal. The company has not disclosed the clients or execution timelines.The fresh awards arrive on the back of a strong fourth quarter. For the three months to 31 March, ITD Cementation’s net profit climbed 27 per cent year on year to Rs 1.14 billion. Revenue advanced nearly 10 per cent to Rs 24..
Bengaluru Clears Rs 420 Bn Silk Board–Hebbal Tunnel Plan
The 16.68-kilometre tunnel road planned between Central Silk Board and Hebbal, near Esteem Mall, will run some 36 metres (120 feet) below ground. Bengaluru Smart Infrastructure Ltd (B-SMILE), the special-purpose vehicle set up for major projects, will open the two-package tender within days after receiving state finance clearance on 9 June.Advanced tunnel-boring machines will drive the four-year build, and cars will pay a toll initially set at Rs 19 per kilometre—about Rs 320 for a full journey—though the tariff may rise with inflation and final cost. B-SMILE director B S Prahallad insiste..
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