The Indian Railways is a behemoth – it carries close to 1.2 billion tonnes of freight per annum and over 23 million passengers in 19,000 trains that run everyday, as per findings in a recent EY-FICCI report on the manufacturing potential in the railways sector.
Industry chamber Federation of Indiana Chambers of Commerce and Industry (FICCI) today pitched for creation of a completely new market design in the power sector apart from linking the upcoming natural gas trading hub with spot power market as a solution for resolving the stressed assets in the electricity sector.
The government’s latest approval for the methodology of auction of blocks for commercial coal mining will aid the centre’s Make in India initiative, help attract foreign capital and cut costly imports of the fuel, according to Federation of Indian Chambers of Commerce and Industry (FICCI).
The Energy sector in India is likely to emerge as an integral sector driving India towards growth, Dharmendra Pradhan, Minister of Petroleum & Natural Gas said recently.
Budget 2018: Here Is How FM Arun Jaitley Can Fulfill PM Modi’s Target Of Generating More Renewable Energy
Prime Minister Narendra Modi has time to time asserted that India needs to rely more on renewable energy. The FICCI wants that the current tax exemptions provided to the renewable energy sector should be continued under the GST regime as well to achieve this target.
Finance Minister Arun Jaitley on Thursday emphasised the need to continue the momentum on infrastructure creation and expedite investment in railways to propel the Indian economy.
Prime Minister Narendra Modi on December 13, addressed the inaugural session of the 90th Annual General Meeting of FICCI in New Delhi.
Tamil Nadu urgently needs to design and implement innovative policies that promote increased use of abundant renewable resources, said power experts speaking at Tan-Energy Summit 2017 in Chennai on Friday.
Coal and Railways Minister Piyush Goyal on Tuesday said the Indian Railways will completely phase out diesel locomotives in the next five years and will switch to electric locomotives with the focus on increasing speed.
Indian Railways in next five years would completely switch to the electric trains, weeding out the diesel based engines completely.