India’s fisheries sector can grab almost $9 billion investment in 5 years

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India expects the fisheries sector to attract investments worth $ 9 billion (Rs 67,000 crore) over the next five years along with huge employment generation. Fisheries exports are expected to more than double to Rs 100,000 crore by 2024-25 from Rs 46,589 crore at present, Union Fisheries Secretary Rajeev Ranjan said at an e-conference of […]

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SECI delay in agreements with distribution companies likely to hit renewable energy projects

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The delay in signing power supply agreements (PSA) by Solar Energy Corporation of India (SECI) with discoms (distribution companies) for over 20,000 MW of power projects awarded in the last one year is threatening the renewable energy target of 175 giga watt (GW) by 2022, reports Financial Express. Manufacturing projects of 12,000 MW was awarded […]

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Arcelor Mittal-Nippon Steel seeks support from the government for expansion

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Hazira-based Arcelor Mittal-Nippon Steel (AM-NS) has approached Indian government, seeking specific policy support to an ambitious plan to expand its steel-making capacity in India with “significant investments”. The L.N. Mittal-owned company is evaluating an option of setting up a large green-field facility in eastern India, but may also opt for further expansion through the inorganic […]

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First phase of Kochi-Bengaluru GAIL pipeline to be ready by January 2021

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National gas pipeline PSU Gail India, which completed the Kochi-Mangalore gas pipeline last week after long delays, is hopeful of completing the first leg of the Kochi-Bengaluru line in January 2021, according to company officials. The first leg of the 620-km-long Kochi-Bengaluru gas pipeline begins from Kuttanad in Palakkad and extends up to Valayar, which is […]

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India to invest Rs 2 lakh crore to set up 5000 Compressed bio-gas: Minister

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The Ministry of Petroleum and Natural Gas signed a MoU with leading oil and gas marketing companies to establish Compressed Bio-Gas (CBG) plants across India under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative. To boost availability of affordable and clean transport fuels, the MoU was signed with JBM Group, Adani Gas, Torrent Gas and Petronet […]

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Global economy recovering, but may be losing momentum: IMF chief

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The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with resurging infection rates, the International Monetary Fund said in a new report for G20 major economies, as reported by Reuters News Agency. The report, released ahead of last week’s virtual meetings of finance […]

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India’s food ministry approves Rs 12,500 crore loan to 185 sugar mills to set up ethanol units

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India’s Food Ministry has given in-principle approval to 185 sugar mills and standalone distilleries to avail Rs 12,500 crore of loans to add capacity up to about 468 crore litres of ethanol per annum as part of its efforts to achieve 20 per cent blending with petrol. The move is aimed at boosting ethanol blending […]

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India approves Rs 107.42 crore grant for 28 food processing projects

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The Indian government approved a grant of Rs 107.42 crore for implementing 28 food processing projects spread over 10 states that are likely to generate jobs for nearly 10,000 people.  A decision in this regard was taken in the virtual meeting of the Inter-Ministerial Approval Committee (IMAC) chaired by Food Processing Industries Minister Narendra Singh […]

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On World Fisheries Day, UP wins best performer tag in inland fisheries; Odisha the best marine state

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On the occasion of World Fisheries Day on 21 Novemeber, 2020, Uttar Pradesh was awarded as best performing state in inland fisheries sector while Odisha got the award of the best Marine state by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India. Addressing the gathering, the Minister of State for Fisheries, Animal Husbandry and […]

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