Kassia president KB Arasappa also requested the Finance Minister to take steps to see refunds were released on priority. Karnataka has been under a lockdown until May 24, and manufacturing activities, except those in the essential sectors, have been at a standstill. The lockdown has choked production in industries and caused cash crunch, he said.
The JIPP, which aims to replace the existing state industrial policy of 2016, has listed textile and apparels, automobile, auto components and electric vehicles, agro-food processing and meat processing, pharmaceuticals, electronic systems and design manufacturing as high-priority sectors.
Vice-president of Singhbhum Chamber of Commerce and Industry Bharat Vasani said close to 80% of the over one lakh workforce has returned to their workplaces at the 1,000 plus factories in Adityapur in the last three months.
Pradhan was quoted as saying that the unit is strategically located near the port area and will have an annual throughput of one lakh kilolitre. Vaidya said it will be the largest plant in Eastern India and help industries like steel, railways, engineering, fertiliser and power.
After announcement of new industrial policy, three companies have shown interest in investing over Rs 2,000 crore in Mysuru district. Among them is an auto part company while another is a pharma company which sought more land to expand its unit in Nanjangud. Another company involved in packaged drinking water has also shown interest to invest in Mysuru. These new investments are in addition to another Rs 2,000 crore investment proposed by a multinational smartphone/ electronics product manufacturer taking the total investment to over Rs 4,000 crore in the district.
At present, property tax slabs are residential and nonresidential (commonly called ‘commercial’), and the industries pay the commercial slab rates.
Total revenues dipped by 46% to Rs 337 crore in Q1 FY21 due to Covid-19 national lockdown from Rs 620 crore in the corresponding period of previous fiscal.
The state government also plans to offer land for industries at concessional cost or ease the terms of lease to reduce overall costs to investors.
The chief minister said industries which don't require too many permissions can start operations immediately.
The proposal for conversion of a unit into flatted factory will be approved by the development authority concerned.
Andhra Pradesh CM said that as many as 13,122 new MSME units have come in last one year.
The guidelines were issued on Saturday to all Chief Secretaries and administrators of Union Territories (UTs) as the 14-day lockdown 3.0 is on and will end on May 17.
Haryana government has allowed 19,626 units and 11,21,287 workers to work.
Chances are that fresh limits may expand the scope for bringing industries into the MSME ambit.
The Ministry of Home Affairs (MHA) has permitted quite a few industries, including MSMEs, to open up amid the lockdown to contain the Covid-19 virus outbreak.
Nitin Gadkari said six lakh industries under MSME have already been restructured and by December 31, the extended date for restructuring, the numbers will increase.
This was the sharpest decline in industrial output growth since February 2013.
While the automobile industry has suggested to the government that financial incentive should come from it to accelerate the plan to phase out polluting commercial vehicles that are more than 15 years, the government wants the industry to offer some discount to new buyers as it would boost their sales.
As of now, a total of 296 MoUs worth Rs 35,231 crore have been signed by state government prior to global investors’ meet scheduled in November at Dharamshala.
We have to see how competitive pressure eases out and which companies start growing going ahead.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Kundanlal Chunilal Khinvasara | Unlock to View | Unlock to View | Director | 15 Dec,2012 |
| Prasan Abhaykumar Firodia | Unlock to View | Director | 07 Oct,2007 | |
| Mohindar Singh Bhogal | Unlock to View | Unlock to View | Whole-time director | 10 Jan,2007 |
| Pradeep Kanakmal Munot | Unlock to View | Unlock to View | Director | 07 Oct,2005 |
| Shribala Sagar Chordia | Unlock to View | Unlock to View | Director | 27 Sep,2005 |
| Sunanda Sudhir Mehta | Unlock to View | Unlock to View | Director | 27 Sep,2005 |
| Abhaykumar Navalmal Firodia | Unlock to View | Unlock to View | Managing director | 24 Sep,2004 |
| Mohanlal Girdharilal Chopda | Unlock to View | Unlock to View | Director | 24 Sep,2004 |
| Shyamala Navlakha | Unlock to View | Unlock to View | Director | 24 Sep,2004 |
| Indira Abhaykumar Firodia | Unlock to View | Unlock to View | Director | 30 Sep,2003 |
| Harsha Gautam Jain | Unlock to View | Unlock to View | Director | 30 Sep,2003 |
Process technology is the heart of all industries which involves the production of goods from the raw material. The technology process in the automotive industry comprises of the dies (plastic mold, die casting mold, casting, stamping die and forging die), along with the metal forming process, assembly/welding, surface treatment/heat treatment, industrial application/rubber parts, jig & tools and plastic molded parts as well.
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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