Friday, December 20

Tag: Ashwini Vaishnaw

Musk’s satellite business Starlink gets in-principle government nod
15Apr By adminNo Comments
Business

Musk’s satellite business Starlink gets in-principle government nod

NEW DELHI: Days before he comes calling on India and PM Narendra Modi, Elon Musk's satcom venture Starlink has been given an in-principle approval from the telecom ministry, clearing the critical hurdle after almost three-and-a-half years of back and forth.The file now lies at the desk of communications minister Ashwini Vaishnaw, who is waiting for final vetting by the home ministry over certain security matters, highly-placed sources told TOI."The commercial part has been examined on issues, such as, foreign investment and net worth. The essential examination shows that it (Starlink's application) is in line with the (official) guidelines. Thus, it has been approved," one of the sources said. "The technical requirements have been examined as per the licence conditions," the source said, ...
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Indian Railways can help save Rs 1.28 lakh crore annually in diesel costs with its freight & cargo hauling: Ashwini Vaishnaw
17Dec By adminNo Comments
Business

Indian Railways can help save Rs 1.28 lakh crore annually in diesel costs with its freight & cargo hauling: Ashwini Vaishnaw

Railway Minister Ashwini Vaishnaw has said that India can potentially save Rs 1.28 lakh crore annually in diesel costs by 2031 if it successfully transports an additional 1500 million tonnes of cargo through trains. Speaking at the 68th National Railways Awards, Vaishnaw stated that India's economic growth is expected to result in an additional 3000 million tonnes of cargo being moved within the country by 2031.According to the minister, Indian Railways is on track to capture half of this incremental cargo growth, resulting in a reduction of 16,000 crore litres of diesel consumption each year. This would translate to an annual savings of Rs 1.28 lakh crore for India, he was quoted as saying by ET.Despite achieving a record high of 1512 million tonnes of cargo transported during the fiscal...
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Dell, HP, Bhagwati, Foxconn Among 27 Companies Approved Under PLI 2.0: Union Minister Vaishnaw
18Nov By adminNo Comments
Business

Dell, HP, Bhagwati, Foxconn Among 27 Companies Approved Under PLI 2.0: Union Minister Vaishnaw

Twenty-seven companies have successfully obtained approvals under the Production Linked Incentive (PLI) scheme 2.0 in the IT hardware sector, Union Minister for Electronics and IT Ashwini Vaishnaw has announced.“Twenty-three approved companies are ready to start their manufacturing on day zero, while four of the companies will start their production in the next 90 days,” he said.“Today’s announcement will set us as a very important player in IT hardware which includes laptops, servers and tablets. All these devices will be manufactured under this PLI scheme and that will make us a big force in this sector. In terms of electronics manufacturing, already we are at around $105 billion and we are moving rapidly to $300 billion in the coming few years,” he added.The outcomes of this approval d...
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Dell, HP, Foxconn, Lenovo among 27 firms granted approval under new IT hardware PLI scheme
18Nov By adminNo Comments
Business

Dell, HP, Foxconn, Lenovo among 27 firms granted approval under new IT hardware PLI scheme

NEW DELHI: The Centre on Saturday said approval for participation in the new Production-Linked Incentive (PLI) scheme for IT hardware has been granted to 27 companies, including major players such as Dell, HP, Foxconn, and Lenovo.This development aligns with India's proactive strategy to attract IT hardware companies through enticing policies and incentive programmes, with the overarching goal of positioning itself as a leading global hub for cutting-edge manufacturing.The anticipated investment from these 27 approved companies is estimated to reach Rs 3,000 crore.Expressing satisfaction, IT minister Ashwini Vaishnaw said: "I am delighted to announce that 27 companies have secured approval under the PLI IT hardware scheme. Nearly 95% of these companies are geared up to commence manufactur...
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Railways utilised 59% of its capex in first 6 months of 2023-24: Vaishnaw
30Sep By adminNo Comments
Business

Railways utilised 59% of its capex in first 6 months of 2023-24: Vaishnaw

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways Minister Ashwini Vaishnaw said on Saturday. This was made possible as the railways carried out 38 structural and procedural reforms in these six months, which helped improve its overall performance, he told reporters. "Our total budget for 2023-24 is Rs 2.4 lakh crore, out of which we have already spent Rs 1.4 lakh crore in the first half of the current financial year. This is 59 per cent of the total budget," Vaishnaw said. On the structural reforms carried out by the railways, he said the whole system of project execution, its finance and monitoring process have been revamped to bring in transparency and quality control. &#...
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US firm Micron set to break ground for semiconductor unit in Gujarat; project okayed at record speed
20Sep By adminNo Comments
Business

US firm Micron set to break ground for semiconductor unit in Gujarat; project okayed at record speed

In a significant development, Micron Technology will break ground for its semiconductor testing and assembly plant in Sanand, Gujarat, this Saturday, just three months after announcing its intention to establish the facility. The project, coming up with a proposed investment of $2.75 billion, marks the largest investment under the India Semiconductor Mission (ISM), according to an ET report. While Micron will contribute $825 million, subsidies will cover the remainder. The plant is projected to become operational by late 2024.“The whole world is watching our semiconductor programme,” Union Minister Ashwini Vaishnaw was quoted as saying. This is the first proposal approved by the government under the ISM. The deal was signed during Prime Minister Narendra Modi's visit to the United States ...
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32 companies apply under PLI IT hardware scheme: Ashwini Vaishnaw
30Aug By adminNo Comments
Business

32 companies apply under PLI IT hardware scheme: Ashwini Vaishnaw

NEW DELHI: As many as 32 companies, including global biggies like HP, Dell and Lenovo, have applied under the Production Linked Incentive scheme for IT hardware, Union minister Ashwini Vaishnaw said on Wednesday. The expected incremental production under the scheme is pegged at Rs 3.35 lakh crore, said Vaishnaw, minister for electronics and IT."India is emerging as a trusted supply chain partner and value added partner ... companies are happy to come to India for manufacturing and design," Vaishnaw said at a media briefing.Overall, 32 applications have been received under PLI for IT hardware scheme so far, Vaishnaw said describing it as a good response. The response is more than anticipated, he said.!(function(f, b, e, v, n, t, s) { function loadFBEvents(isFBCampaignActive) { if...
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How Indian Railways aims to save 2 lakh liters diesel a day with electrification of pit lines; move towards carbon neutrality
11Aug By adminNo Comments
Business

How Indian Railways aims to save 2 lakh liters diesel a day with electrification of pit lines; move towards carbon neutrality

Indian Railways is aiming to achieve substantial fuel savings of around 200,000 liters of diesel daily, by electrifying its entire network of pit lines, according to an ET report. These pit lines serve as critical points where train coaches undergo electrical equipment inspections such as lights, fans, and mobile charging points, before embarking on their subsequent journeys.The move is in line with Indian Railways’ ambitious objective of attaining carbon neutrality by 2030. A senior government official shared with ET that the endeavor entails transitioning away from conventional fossil fuels, embracing grid electrification for all 411 maintenance pits by December 2023. Notably, the electrification process has already been concluded for 302 pits.Official estimates project substantial cost...
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