Paint makers to retain gloss with 10-12% growth in fiscal 2024

Cabinet Approves Mission For Cotton Productivity

The Union Cabinet has approved Rs 56.59 billion (bn) for the Mission for Cotton Productivity covering the period 2026–27 to 2030–31, with the objective of addressing bottlenecks, reversing declining growth and improving quality in India’s cotton sector. The initiative aligns with the Government of India’s five F vision from farm to foreign and is intended to raise the competitiveness of the textile sector in global markets through coordinated action across ministries and research bodies. The mission will support the development of high-yielding variety (HYV) seeds that are climate resi..

Cabinet Approves Three Rail Multitracking Projects

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, approved three multitracking projects for the Ministry of Railways at a total cost of Rs 234.37 billion (bn). The projects are Nagda–Mathura third and fourth line, Guntakal–Wadi third and fourth line, and Burhwal–Sitapur third and fourth line. The investment is intended to increase line capacity and improve operational efficiency and service reliability for Indian Railways. The schemes cover 19 districts across Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Andhra Pradesh and Telangana and will increase the e..

Cabinet Approves Ship Repair Facility At Vadinar

The Cabinet Committee on Economic Affairs has approved the development of a state of the art ship repair facility at Vadinar in Gujarat, to be jointly implemented by Deendayal Port Authority (DPA) and Cochin Shipyard Limited (CSL). The project carries a combined investment of Rs 15.7 billion (Rs 15.7 bn). It is planned as a brownfield facility with a 650 metres jetty, two large floating dry docks, workshops and associated marine infrastructure. Vadinar has a natural deep draft and direct connectivity to major shipping routes and its proximity to ports such as Mundra and Kandla makes it favoura..