Cobalt industry to get a big boost from the shift to a green economy: Fitch Solutions

The global cobalt supply chain is set to remain highly geographically concentrated in the coming years — in the DRC (Democratic Republic of Congo) for mine production and in China for refining — which will likely pose procurement challenges for battery manufacturers, market analyst Fitch Solutions finds in its latest industry report. Yet the global cobalt industry […]

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JSW Steel to invest Rs 15,000 crore in Karnataka

Sajjan Jindal-led JSW Steel said it would be investing Rs 15,000 crore to expand capacity at its integrated plant in Vijayanagar, Karnataka, for commissioning in 2023-24 (FY24). Of the 6-million tonne expansion planned, the new part of the project comprises 5 million tonnes, while the rest 1 million tonne will be through optimisation at the […]

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FIEO says exporters flushed with orders across sectors for next fiscal

The country’s exports are expected to register healthy growth rate in the financial year 2022-23 and might touch $ 530 billion as exporters are “flushed” with orders, the Federation of Indian Export Organisations (FIEO) said. It added that additional exports will come from some of the PLI (production-linked incentive) sectors in the next fiscal. “Since […]

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Gold hallmarking drive rolls out rollout smooth in 256 districts; national implementation planned

The rollout of mandatory hallmarking of gold jewellery in 256 districts has been smooth so far and the process of expanding it to all districts of the country is now underway, according to the Consumer Affairs Ministry. Hallmarking, a quality certification, has been made mandatory with effect from June 23, 2021 for 14, 18, and […]

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India’s commerce minister assures jewellery industry of enabling environment and greater market access

The government is working on providing enabling environment and market access to the gems and jewellery sector, Union minister Piyush Goyal said. The commerce and industry minister was speaking at the foundation stone laying ceremony for a mega common facility centre at Santacruz Electronic Export Processing Zone Special Economic Zone (SEEPZ SEZ). “We need to […]

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