The 16-coach train with the chair-car seating and all modern facilities will cost Rs 100 crore and will initially be deployed in place of one premium Shatabdi Express train. If successful, this train will replace all existing Shatabdi trains.
Highlighting the steps taken in the past three years, the report stated that “the desired level of indigenisation and self-reliance in Defence Manufacturing, Research and Development and timely equipping of Services are some of the areas where the situation continues to be far from satisfactory”.
Japan is reportedly funding most of the project, and Japanese companies are likely to supply at least 70 percent of the core components of the rail line.
The new policy is particularly aimed at facilitating ease of doing business, besides employment generation, as also establishing a new ‘Make in UP’ department to derive benefits from the ‘Make in India’ scheme.
Xiaomi founder and CEO Lei Jun tells Nandagopal Rajan how Xiaomi manages its competitive pricing, and what he thinks of everything from Make in India to innovation.
Peter Rye, the President, Brentwood, said: “Our objective is to foster innovation and meet the increasingly high expectations of the customers, with a focus on Brentwood’s growth and prosperity in India…”
In one of the early raids on GST evasion, a senior tax officer in Andhra Pradesh slapped a Rs. 20,000 fine on a business man for the omission of Rs. 15 as GST in a bill. Is the inspector raj returning in the digital era?
India’s ambitions to become a smartphone-making powerhouse are foundering over a lack of skilled labour and part suppliers along with a complex tax regime, industry executives say.
Without full tech transfer in previous arms deals, India’s mainly state-run defence factories have largely been left to assemble knock-down kits even for tanks and aircraft produced under license from the foreign maker.
Prime Minister Narendra Modi along with his Japanese counterpart Shinzo Abe, who was on a two-day visit to India, laid the foundation stone for country’s first bullet train project between Ahmedabad and Mumbai.
In her first act as the Defence Minister, she approved financial assistance out of the Raksha Mantri Ex-Servicemen Fund (RMEWF) for retired military personnel.
US defence secretary James Mattis is likely to visit India in the last week of next month and issues relating to joint development of weapons system are likely to figure during the talks he will have here.
Speaking to a business community, India’s Consul General in Chicago said that ‘Make in India’ is one of the flagship programmes of the Government of India which is aimed at transforming the Indian economy towards making it a “global manufacturing hub”.
During the seminars, Counsellor (Economic) Prashant Lokhande noted the auto sector’s role in India and highlighted on potential for collaboration between Indian and Chinese firms in the sector. Chinese companies queried about Indian taxation structure.
Unlike earlier initiatives, ‘Make In India’ is addressing the constraints to manufacturing sector growth