Latest news with #H.D.Kumaraswamy
Mint
2 days ago
- Business
- Mint
Indian PSUs seek further ties with UAE in steel and aluminium sectors
New Delhi: Union steel minister H.D. Kumaraswamy on Tuesday met UAE economy minister Abdulla Bin Touq Al Marri in Dubai to discuss trade expansion, resource security, and collaborative innovation in steel and aluminium. The two met at a time when India's leading public sector utilities are eyeing business opportunities in West Asia, particularly the UAE. The UAE can play a key role in helping India achieve its target of producing 300 million tonnes of steel by supporting raw material security and providing energy-efficient production systems, said Kumaraswamy in his meeting with the UAE economy minister. 'India and UAE can be strong partners in green steel production and sustainable industrial growth,' he said. Indian PSUs Steel Authority of India Ltd (SAIL), National Mineral Development Corporation (NMDC), and Metallurgical & Engineering Consultants India Ltd (MECON) are looking to expand their footprint and strengthening ties with the UAE, a statement from Kumaraswamy's office said. SAIL is exploring long-term supply tie-ups and the potential to serve the UAE's infrastructure and industrial sectors with premium Indian steel, as per the statement. Similarly, NMDC, India's largest iron ore producer, is keen to collaborate with UAE-based entities in developing the mining value chain. Meanwhile, MECON, India's premier engineering consultancy, aims to contribute to oil & gas, steel plant development, and smart infrastructure projects across the Gulf. The Union steel minister called for the creation of a joint working group to identify opportunities under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). 'India does not see the UAE as just a market, but as a strategic partner in reshaping the global industrial landscape,' Kumaraswamy said. 'We invite UAE investors and industry leaders to visit India and experience our steel sector's dynamism firsthand." Since the signing of the India-UAE CEPA in 2022, bilateral merchandise trade has nearly doubled from $43.3 billion in FY21 to $83.7 billion in FY24. A key target of this CEPA is to take the non-oil trade between India and the UAE to $100 billion by 2030.
Time of India
2 days ago
- Business
- Time of India
NMDC opens international office in Dubai, eyes critical mineral assets across Africa, Australia
New Delhi: State-owned mining company NMDC opened its international office in Dubai , aiming to enhance its global footprint and accelerate the acquisition of critical and strategic mineral assets across Africa, Australia, South America, and the Middle East and North Africa (MENA) region. The Dubai office will serve as NMDC's international operations centre and provide real-time market intelligence, support technical and legal due diligence, and facilitate engagement with local authorities and business partners. Union Minister for Steel and Heavy Industries H.D. Kumaraswamy inaugurated the office in the presence of Indian Ambassador to the UAE Sunjay Sudhir, NMDC CMD Amitava Mukherjee, SAIL CMD Amarendu Prakash, and Consul General of India in Dubai Satish Kumar Sivan. Speaking at the launch, CMD Amitava Mukherjee said, 'Dubai represents a gateway to global opportunity. With this new office, NMDC is poised to redefine the mining landscape. With our expansion we are revolutionizing our approach to mineral development, securing India's position as a leader in the mining industry, driving innovation in resource utilization.' The Dubai centre will track developments in the global mining sector, including government policies and regulatory changes, and provide timely decision support to NMDC's leadership. It will also be instrumental in facilitating partnerships in Mining Equipment and Technology Services (METS) and in building a global network for peer insights and data sharing. NMDC is currently evaluating ten global strategic mineral assets and is exploring options to acquire critical mineral blocks in resource-rich geographies. The international presence is expected to strengthen India's integration into global mineral supply chains and ensure resource security . The company said the Dubai office will serve as a hub for its international engagement efforts, supporting India's ambitions in the critical minerals domain.
The Hindu
24-06-2025
- Business
- The Hindu
HDK bats for tunnel roads in Bengaluru, seeks central assistance for the project
Tunnels roads, a project championed by Deputy Chief Minister and Bengaluru Development Minister D. K. Shivakumar and which has been facing stiff opposition from several quarters, has received unexpected support. Union Minister for Heavy Industries and Steel H.D. Kumaraswamy, in a letter to Union Minister for Road Transport and Highways Nitin Gadkari, termed the project the 'backbone of Bengaluru's future transport infrastructure, addressing current bottlenecks, improving connectivity, and enabling long-term sustainable growth', and sought Union government assistance for the same. The Karnataka Cabinet recently approved ₹17,780 crore for the project from Hebbal to Silk Board. Bengaluru Smart Infrastructure Limited, a SPV floated to implement key big-ticket infrastructure projects, including tunnel roads, is all set to call global tenders for the project. Mr. Kumaraswamy also urged the Centre to support the Peripheral Ring Road (PRR) project to decongest Bengaluru's core areas.
India.com
24-06-2025
- Automotive
- India.com
Govt Launches Portal To Promote Electric Car Manufacturing, Open Till Oct 21
New Delhi: In a bid to boost the domestic manufacturing of electric vehicles (EVs), the government on Tuesday announced the launch of a portal for the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). Union Minister H.D. Kumaraswamy said that guided by the visionary leadership of Prime Minister Narendra Modi, this initiative marks a defining moment in India's journey towards clean, self-reliant, and future-ready mobility. "The launch of this portal under the SPMEPCI scheme opens new avenues for global electric vehicle manufacturers to invest in India's rapidly evolving automotive landscape. This scheme not only supports our national commitment to achieving Net Zero by 2070, but also reinforces our resolve to build a sustainable, innovation-driven economy," said the minister. Applications are invited from eligible applicants under the scheme and applicants can apply through the application module at The application portal will be open for applications from June 24 to October 21. The government of India has approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation. The scheme will help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of "Make in India". To encourage the global manufacturers to invest under the Scheme, the approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the application approval date. Approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The scheme is strategically crafted to position India as a global hub for electric vehicle manufacturing. Through calibrated customs duty concessions and clearly defined domestic value addition (DVA) milestones, the scheme strikes a balance between introducing cutting-edge EV technologies and nurturing indigenous capabilities.
Hans India
24-06-2025
- Automotive
- Hans India
Centre launches portal to promote EV car manufacturing, open till Oct 21
In a bid to boost the domestic manufacturing of electric vehicles (EVs), the government on Tuesday announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). Union Minister H.D. Kumaraswamy said that guided by the visionary leadership of Prime Minister Narendra Modi, this initiative marks a defining moment in India's journey towards clean, self-reliant, and future-ready mobility. 'The launch of this portal under the SPMEPCI scheme opens new avenues for global electric vehicle manufacturers to invest in India's rapidly evolving automotive landscape. This scheme not only supports our national commitment to achieving Net Zero by 2070, but also reinforces our resolve to build a sustainable, innovation-driven economy,' said the minister. Applications are invited from eligible applicants under the scheme and applicants can apply through the application module at The application portal would be open for applications from June 24 till October 21. The government of India has approved a forward-looking scheme to promote the domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs). It is designed to firmly establish India as a premier global destination for automotive manufacturing and innovation. The scheme will help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of 'Make in India'. To encourage the global manufacturers to invest under the Scheme, the approved applicants will be allowed to import Completely Built-in Units (CBUs) of e-4W with a minimum CIF value of $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the application approval date. Approved applicants would be required to make minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The scheme is strategically crafted to position India as a global hub for electric vehicle manufacturing. Through calibrated customs duty concessions and clearly defined domestic value addition (DVA) milestones, the scheme strikes a balance between introducing cutting-edge EV technologies and nurturing indigenous capabilities.
