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Business Standard
5 days ago
- Business
- Business Standard
Restoration of RoDTEP Scheme for AA, SEZ, and EOU Exports ensures that key contributors to exports are not excluded from critical incentives
Associated Chambers of Commerce and Industry of India (ASSOCHAM) has commended the Government of India for restoring the benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports from Advance Authorisation (AA) holders, Export-Oriented Units (EOUs) and Special Economic Zones (SEZs), effective June 1, 2025. The restoration ensures that key contributors to Indias exports are not excluded from critical incentives, especially at a time when global competitiveness and domestic industrial resilience are of utmost importance. ASSOCHAM has consistently advocated for the extension of RoDTEP to all exporting entities, including those operating in SEZs and under AA and EOU frameworks. This move will correct the gap that created cost disadvantages for such units and is aligned with Indias WTO commitments, noted Manish Singhal, Secretary General, ASSOCHAM.
Business Standard
6 days ago
- Business
- Business Standard
India's Coal imports slide around 8% in FY25, Output jumps 5%
Indias Coal imports during FY 2024-25 fell by 7.9%, totalling 243.62 million tonnes (MT), compared to 264.53 MT in the previous fiscal year. This reduction resulted in foreign exchange savings of approximately $7.93 billion (₹60681.67 crore). Notably, the Non-Regulated Sector, excluding the power sector, experienced a more significant decline, with imports dropping by 8.95% year-on-year. Although coal-based power generation grew by 3.04% from FY 2024-25 compared to the previous fiscal year, imports for blending by thermal power plants sharply decreased by 41.4%. This highlights Indias ongoing efforts to reduce its dependence on imported coal and enhance self-sufficiency in coal production. The Government of India has implemented several initiatives, including Commercial Coal Mining and Mission Coking Coal, to enhance domestic coal production and reduce imports. These efforts have also led to an encouraging 5% growth in coal output during FY 2024-25 compared to FY 2023-24.
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Business Standard
6 days ago
- Politics
- Business Standard
Indian all-party teams brief world on India's firm new anti-terror stance
All-party parliamentary delegations Monday briefed leaders of South Korea, Kuwait, Qatar, DR Congo and Slovenia on India's renewed doctrine of responding firmly to any act of terrorism and sought their support in bringing to justice the perpetrators, financiers and supporters of terrorism. A nine-member delegation, led by JD(U) MP Sanjay Kumar Jha, met South Korean Foreign Minister Cho Tae-yul, 1st Vice Foreign Minister Kim Hong Kyun and Sung Il-jong, Chairperson of the National Defence Committee of the National Assembly, in Seoul and conveyed India's national resolve on zero-tolerance policy in combatting terrorism. The delegation "sought RoK's support in holding organisers, perpetrators, financiers and supporters of terrorism to account and bringing them to justice," the Embassy of India in Seoul said in a post on X. In Kuwait City, the delegation, led by BJP MP Baijayant Jay Panda, called on Deputy Prime Minister & Minister of State for Cabinet Affairs Sherida A S Al-Maousharji and apprised him of India's recent actions to combat cross-border terrorism. "Both sides reaffirmed their #ZeroTolerance approach to terrorism," the Embassy of India in Kuwait said in a post on X. The delegation, which arrived in Kuwait City from Bahrain, also offered floral tributes at the statue of Mahatma Gandhi at the Embassy and visited the Grand Mosque of Kuwait, the largest mosque in the Gulf country built over four decades ago. In Qatar, the Indian delegation, led by NCP-SP leader Supriya Sule, met Minister of State for Interior Affairs Sheikh Abdulaziz bin Faisal bin Mohammed Al Thani and Minister of State for Foreign Affairs Mohamed bin Abdulaziz bin Saleh Al Khulaifi. "Al Khulaifi conveyed Qatar's solidarity with India and policy of zero tolerance against terrorism for regional stability and prosperity," the Indian Embassy in Doha said in a post. MoS for Interior Affairs Sheikh Abdulaziz appreciated the visit of the delegation and reiterated Qatar's firm stance against terrorism, it added. Qatar is considered to wield influence in the West Asian region and has a role as a mediator in regional conflicts. In Slovenia, the Indian delegation led by DMK MP Kanimozhi Karunanidhi on Monday called on senior officials in Ljubljana and emphasised India's "new normal" of zero tolerance against cross-border terrorism. The delegation met Vojko Volk, State Secretary and National Coordinator for National and International Security in the Prime Minister's Office; Predrag Bakovic, Chairperson of the Foreign Policy Committee of the National Assembly; and Miroslav Gregoric of the India-Slovenia Parliamentary Friendship Group. The Slovenian side reaffirmed its condemnation of terrorism as "pure evil that cannot be justified in any form," the Indian embassy in Ljubljana said in a post on X. In Georgetown, Guyana's Vice President Bharrat Jagdeo and Prime Minister Mark Phillips reiterated their country's unwavering support to Indias fight against terrorism, as an all-party parliamentary delegation led by Congress MP Shashi Tharoor met them on Sunday to brief them on Indias position on the issue. Prime Minister Phillips hosted the Indian all-party parliamentary delegation in Berbice on the eve of Guyana's 59th Independence Day. In the Democratic Republic of Congo, an all-party delegation led by Shiv Sena MP Shrikant Shinde held a "fruitful meeting" with Minister of State of Foreign Affairs Thrse Kayikwamba Wagner on Monday, the India mission in Kinshasa said. The delegation conveyed India's zero tolerance for terrorism and thanked her for the support and solidarity in the fight against terrorism it added. In France, BJP leader Ravi Shankar Prasad said India wants peace and amity but not at the cost of innocent Indians, and the world must speak in one voice as far as barbaric state-sponsored terrorism is concerned, as an all-party delegation led by him began its six-country Europe tour. And if in the most barbaric manner, Pahalgam happens, there will be a cost to it, and the whole world needs to speak in one voice as far as terrorism is concerned. It's a global menace, a global cancer, he said. The delegation will be engaging with members of the Senate and National Assembly, think tanks and a cross-section of the Indian diaspora during the opening leg of their visit to France. In Seoul, Chairperson Sung "emphasised that any act of terrorism is a crime against humanity and can not be condoned," the Indian mission in Seoul said. Foreign Minister Cho, who dropped briefly during the delegation's meeting with 1st Vice Foreign Minister, reaffirmed South Korea's "strong stance against terrorism and extended support to India's fight against this menace," it added. The delegation also interacted with senior representatives of leading think tanks, corporate policy groups, leading media houses and India Studies Centres in South Korea. The delegation also highlighted India's 'No First Use Policy' and rejection of any nuclear blackmail. The delegation also met Chairperson of the Korea-India Parliamentary Friendship Group of the National Assembly Yun Ho-jung, who "conveyed that any act of terrorism is unacceptable and cannot be justified, and that there should be no sacrifice of innocent lives by terrorism and reaffirmed RoK's strong stand against terrorism," the Indian mission in Seoul said in a post on X. TMC MP Abhishek Banerjee, who is part of the delegation led by Jha, warned that the world needs to be very careful and mindful of how Pakistan has been harbouring terrorism. "Breeding a snake in your backyard and expecting it to bite only your neighbour is the last thing one should think of," he said. As part of India's diplomatic outreach, seven multi-party delegations are travelling to 33 global capitals to reach out to the international community on Pakistan's designs and India's response to terror, especially in view of the April 22 Pahalgam terror attack that killed 26 people. India carried out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir in the early hours of May 7 under Operation Sindoor, following which Pakistan attempted to attack the Indian military bases on May 8, 9 and 10. The Indian side responded strongly to the Pakistani actions.
Business Standard
14-05-2025
- Business
- Business Standard
Standard Glass edges higher after forging strategic partnership with Japan's AGI Group
Standard Glass Lining Technology (SGLTL) advanced 3.76% to Rs 158.65 after the company said that it has formed a strategic partnership with Japan's AGI Group to launch world's first glass-lined shell and tube heat exchangers in India. AGI is a global leader in advanced glass-engineered systems, offering solutions for the pharmaceutical, biotech, and chemical sectors. Its sister company, GL HAKKO, focuses on high-quality glass-lined reactor and heat exchanger technologies. The collaboration would grant the company an exclusive 20-year license to assemble and market GL HAKKOs world-class glass-lined shell and tube heat exchangers in India. Indias pharmaceutical and chemical industries have long relied on graphite heat exchangers. In contrast, glass-lined shell and tube heat exchangers deliver superior durability, corrosion resistance, and process safety, representing a game-changing upgrade for critical process applications. The latent Indian market alone is estimated to be about Rs 2,000 crore at current estimated sales price of this product, while the global opportunity estimates exceed $2 billion. Standard Glass has already secured 150 advance orders ahead of domestic production. Nageswara Rao Kandula, managing director of SGLTL, said: We are deeply honoured to partner with AGI and GL HAKKO, a group with a legacy spanning over 75 years in glass technology. Until now, this highly specialized equipment was entirely imported. We are now proud to become the first and only manufacturer of this advanced product in India. Manufacturing of this product in India is estimated to commence by Q4 FY26 at our upcoming world-class, highly mechanised facility, with an initial estimated capacity of about 200 units per month. In a parallel initiative, SGLTL has also signed an exclusive agreement with GL HAKKO to produce conductivity glass-lined reactorsa first for India. Standard Glass Lining Technology is an integrated manufacturer of high-end pharmaceutical and chemical process equipment. With an innovation-driven approach, the company offers everything from standalone equipment to turnkey projects.
Time of India
28-04-2025
- Politics
- Time of India
Of 275 who return home via Attari, 151 are Pak nationals living in India on long-term visa
Attari: On the eve of the deadline for the mutual return of Indias and Pakistanis to their respective countries in the wake of the April 22 Pahalgam attack , 151 Pakistan nationals living in India on long-term visas (LTV), but traveling in Pakistan at present, returned to India on Monday. According to sources, a total of 275 persons arrived from Pakistan, including 151 Pakistan nationals residing in India on LTVs who were visiting Pakistan under a "no obligation to return to India" (NORI) certificate. Initially, they were denied entry by immigration officials at both Wagah (Pakistan) and Attari (India) borders due to govt instructions. However, they were allowed to return on Monday. Also, 154 Pakistani nationals left India. Pakistan national Raja, who lives in Indore with his family and was stranded at Wagah, expressed gratitude to the Indian government for allowing people like him to return to their home. "Around 200 people like me crossed over to India from Wagah today," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo On Monday, belongings of many officials of the Pakistan high commission arrived at integrated check post (ICP), Attari, on their way to Pakistan . Mini trucks pasted with 'Embassy Duty' stickers were seen at Attari for unloading the belongings After the terror attack, India had directed Pakistan nationals residing in the country under 16 categories of visas to return, with an exception for those with long-term, diplomatic, and official visas. The deadline was set for April 27, while those on medical visas were given until April 29 to leave. No progress in case of detained BSF man There has been no progress in the case of BSF constable PK Sahu, who inadvertently crossed the international border from the Ferozepur sector on April 23 and was captured by Pakistan Rangers. A BSF official, who did not wish to be named, said while a casual contact was made with the Rangers, it yielded no result. BSF has also held as many as three flag meetings with Pakistan Rangers , but officials there have offered no clear response, merely stating that they are awaiting instructions from their headquarters. Rajani Sahu, the pregnant wife of constable Sahu, has already reached Ferozepur to seek updates on her husband's situation and possible return.
