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FDI, Make in India, pricing regulation to improve pharmaceutical sector

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Bengaluru: Union Chemicals and Fertilizers Minister Ananth Kumar on Thursday said that pricing regulation, FDI policy and ‘Make in India’ campaign as the three important initiatives taken up by the Narendra Modi government for the pharmaceutical sector.

“The union cabinet has given its approval to amend the existing FDI policy in the pharmaceutical sector in order to cover medical devices. The cabinet has allowed FDI up to 100 per cent under the automatic route for manufacturing of medical devices subject to specified conditions,” he said at the India Pharma & India Medical Expo 2016 here.

Ananth Kumar is a member of the Indian political party BJP. He represents the Bangalore South Lok Sabha constituency in Karnataka where he has been elected six times consecutively. He assumed office as Chemicals and Fertilizers Minister in 2014 in Prime Minister, Narendra Modi’s cabinet.

Ananth Kumar said drugs and pharmaceuticals sector attracted cumulative FDI inflows worth $12,813.02 million between April 2000 and December 2014, according to the data provided by the Department of Industrial Policy and Promotion (DIPP).

The expo supported by the commerce ministry, EEPC and Pharmexcil, hosted buyers from 18 nations.

Jointly organised by the department of pharmaceuticals and industry body Federation of Indian Chambers of Commerce and Industry (FICCI), the expo saw participation from 60 CEOs, 50 senior officials from embassies and consulates and over 100 international delegates among others.(IANS)

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Submarine INS Kalvari Commissioned by PM Modi : Best Example of Make in India

INS Kalvari is the first of the six Scorpene-class submarines handed over by shipbuilder Mazagon Dock Limited, real boost to Make in India project

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INS Kalvari, Indian Army
INS Kalvari, Indian Navy (Photo: Twitter/Indian Navy)
  • “INS Kalvari is a great example of ‘ Make in India ‘. I would like to congratulate everyone associated with this submarine,” PM Modi said. PM Modi also thanked France for its co-operation

    In Mumbai PM Modi has commissioned scorpene-class submarine INS Kalvari into the Indian Navy. INS Kalvari has been named after the maritime force’s first-ever underwater craft.

The commissioning ceremony was attended by Prime Minster Narendra Modi, Defence Minister Nirmala Sitharaman, Chief of Naval Staff Admiral Sunil Lanba, Maharasahtra Governor Ch Vidyasagar Rao, Maharashtra Chief Minister Devendra Fadnavis, other senior Indian Navy officers, and delegates from France.

The Scorpenes are being built by the Mazagaon Dockyard Ltd under Project 75 with transfer of technology from a foreign collaborator — DCNS of France.

INS Kalvari
INS Kalvari is named after the dreaded tiger shark (Photos: Twitter/Indian Navy)

INS Kalvari : Proud Moment for Indian Navy and Entire Country

It is a proud moment for the the entire country as the submarine is a prime example of flagship program of PM Modi government’s ‘ Make in India ‘ project. The special combat features of the Scorpenes include superior stealth and ability to launch crippling attacks with precision-guided weapons. The attacks can easily be carried out with torpedoes while submerged or on the surface, making it a deadly weapon.

Facts about INS Kalvari

  • The submarine has a length of 67.5 metre and a height of about 12.3 metres. The hull form, fin and hydroplanes are specifically designed to produce minimum underwater resistance.
  • The boat has 360 battery cells, each weighing 750 kg, to power the extremely silent Permanently Magnetised Propulsion Motor. The stealth of the boat is further enhanced through the mounting of equipment inside the pressure hull on shock absorbing cradles.
  • This is first of the six Scorpene-class submarines to handed over by MDL. The six submarines are being built as part of the Rs 23,652 crore “Project-75” of the Indian Navy.

“The technology utilised in the Scorpene has ensured superior stealth features such as advanced acoustic silencing techniques, low radiated noise levels, hydro-dynamically optimised shape and the ability to launch a crippling attack on the enemy using precision-guided weapons,” an official of the MDL said.

It is really very positive to see Make in India boosting the defence sector. INS Kalvari will surely add more strength to mighty Indian Navy.

– by Shaurya Ritwik, Shaurya is Sub-Editor at NewsGram and writes on Geo-politcs, Culture, Indology and Business. Twitter Handle – @shauryaritwik

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Will India be able to travel in the Bullet Train Soon? Yes, Say Railway Officials; Indian Railways Target Completing the Project Before the August 2022 Deadline

The foundation stone for the Rs 1.08 lakh crore ($17 billion) 508-km Ahmedabad-Mumbai Bullet Train was laid in Ahmedabad by Modi and his Japanese counterpart Shinzo Abe on September 14

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Bullet Train
Railway Board Chairman held a high-level meeting in Rail Bhavan last Thursday which was attended by Japanese Ambassador Kenji Hiramatsu, and Niti Aayog Vice Chairman. (representative image) Wikimedia

New Delhi, November 10, 2017 : Unfazed by opposition criticism, Indian Railways is working overtime to push ahead with the much-talked about the “Bullet Train” project, aiming to complete it ahead of the August 2022 deadline set by Prime Minister Narendra Modi.

Railway Board Chairman Ashwani Lohani, who has a reputation of a turnaround man, has taken up the task of monitoring and chairing the periodic review meetings of the project that is estimated to cost over Rs 1 lakh crore ($15 billion).

Lohani held a high-level meeting in Rail Bhavan last Thursday which was attended by Japanese Ambassador Kenji Hiramatsu, Niti Aayog Vice Chairman Rajiv Kumar, Central government officials, Principal Secretary-rank officials of Gujarat and Maharashtra, officials of NHSRCL (National High Speed Rail Corporation Limited), officials of Japan International Cooperation Agency (JICA) and the General Manager of Western Railway.

A senior railway board member, requesting anonymity, told IANS, “The railways is in no mood to delay the Mumbai-Ahmedabad Bullet Train project. Lohani will now hold a review meeting once every three months… And even on weekly basis, if required.”

Emphasising on the government’s intention, the official said, “The attendance of the Niti Aayog Vice Chairman, the Japanese Ambassador and the CRB in the review meeting is a clear signal that the government is taking the project seriously and there is no scope for any delay.”

“The CRB wants Indian Railway officials to take lessons from their Japanese counterparts about meeting deadlines,” he said.

The opposition has attacked the government for taking up a project at a huge cost instead of focusing on safety, a dire need of the time, and on schemes to improve passenger amenities.

The official said it was also decided at the meeting that “a road map for consultancy and civil engineering works will be prepared by January 2018”.

A ministry official associated with the Bullet Train project said a report on the signalling system and electrical reports would be ready by April 2018. According to him, the tracks and most of the signalling system would be brought from Japan.

The foundation stone for the Rs 1.08 lakh crore ($17 billion) 508-km Ahmedabad-Mumbai Bullet Train was laid in Ahmedabad by Modi and his Japanese counterpart Shinzo Abe on September 14.

Of the Rs 1.08 lakh crore, Japan is giving a loan of Rs 88,000 crore at a minimal interest of 0.1 per cent for 50 years. And the repayment will begin only after 15 years.

The railway official said that to encourage the Prime Minister’s ambitious ‘Make in India’ programme, “an appeal will be made to Indian and Japanese companies to make use the opportunity to work together”.

Meanwhile, the officials of the government of Maharashtra and Gujarat assured the railways of their help in land acquisition and smooth shifting of raw materials to construction venues.

A three-level monitoring committee was also constituted, including the Vice Chairman of Niti Ayog and Special Advisor to Japanese Prime Minister.

A working group led by Managing Director of NHSRCL Achal Khare and consisting of representatives of the ministries concerned, and the representative of JICA, has been formed. Besides the two committees, a technical expert committee led by the Managing Director of NHSRCL has also been formed.

Of the 508 km stretch, 92 per cent (468 km) of the route will be elevated, six per cent (27 km) will be in tunnels and the remaining two per cent (13 km) will be on the ground .

The high-speed train would also pass through the country’s longest tunnel of 21 km, of which seven km will be under the sea.

Twelve stations have been proposed that include Mumbai, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati.

The distance will be covered in two hours and seven minutes if the train stops at four stations — Ahmedabad, Vadodara, Surat and Mumbai. If the train stops at all 12 stations, it will cover the distance in two hours and fifty-eight minutes.

According to Railway Ministry officials, the operating speed of the bullet train would be 320 kmph and the maximum speed would be 350 kmph.

 

(Editorial note : This article has been written by Anand K. Singh and was first published by IANS. Anand can be contacted at can be contacted at anand.s@ians.in)

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With 100% FDI, Narendra Modi calls Food Sector a Priority in Make in India Programme

Modi said India with its rich legacy of spices could provide solutions and offer a win-win partnership as the world was becoming increasingly averse to the use of artificial colours, chemicals and preservatives.

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Prime Minister Narendra Modi. Wikimedia

New Delhi, November 3, 2017 : Prime Minister Narendra Modi on Friday said the food sector that allows 100 per cent foreign investment was the priority in the government’s ambitious Make In India programme.

Launching a three-day global conference on the food industry here, Modi said food processing was an age old practice in India and simple, home-based techniques like fermentation had resulted in the creation of our famous pickles, papads, chutneys and murabbas that now excite both the elite and the masses across the world.

He said the government had taken a range of transformational initiatives to make the country most preferred investment destination in this sector.

It is priority sector in our ‘Make in India’ programme. 100 per cent Foreign Direct Investment is now permitted for trading including through e-commerce of food products manufactured or produced in India, Modi told the World Food India conference that will see the participation of over 2,000 delegates from 200 companies from some 30 countries.

Apart from representatives of 28 states, it will also see participation of 18 ministerial and business delegations, nearly 50 global CEOs along with heads of all leading domestic food processing companies.

Modi said a single-window facilitation cell provided hand-holding for foreign investors and there were attractive fiscal incentives from the Union and state governments.

Loans to food and agro-based processing units and cold chains are classified under priority sector lending, making them easier and cheaper to obtain, the Prime Minister said.

Modi said the recently launched unique portal – Nivesh Bandhu (investor’s friend) – would bring together information on central and state government policies and incentives provided for the food processing sector.

He said private sector participation had increased in many segments of the value chain but sought more investment in contract farming, raw material sourcing and creating agri linkages.

There were opportunities in post-harvest management such as primary processing and storage, preservation infrastructure, cold chain and refrigerated transportation, the Prime Minister asserted.

There is immense potential for food processing and value addition, especially in niche areas such as organic and fortified foods.

Modi said India with its rich legacy of spices could provide solutions and offer a win-win partnership as the world was becoming increasingly averse to the use of artificial colours, chemicals and preservatives.

Modi said the Pradhan Mantri Kisan Sampada Yojana aimed at creating world class food processing infrastructure was expected to leverage investment of $5 billion, benefit two million farmers and generate more than half a million jobs over the next three years.

Narendra Modi said the government was planning to link agro-processing clusters with production centres through Mega Food Parks, which will offer immense value proposition in crops such as potato, pineapple, oranges and apples.

Minister of Food Processing Industries Harsimrat Kaur Badal in her address said agreements worth $10 billion were expected to be signed during the three-day global event.

Our demand of food is set to double over the next five years. Being six largest food and grocery market in the world, India is a destination that merits global attention in the food sector.

She said there was a need to wage war on food waste to ensure adequate food for all and to avoid a food crisis as the world’s population was set to increase by 25 per cent and the demand for food by 50 per cent by 2050. (IANS)