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The Print
3 days ago
- Politics
- The Print
Jangpura BJP MLA wants all Delhi landmarks painted saffron—from Red Fort & Qutub Minar to Secretariat
He said saffron is a great and the best colour. 'From the Humayun's Tomb and the Red Fort to the Qutub Minar and Delhi markets, we will paint them all saffron. The boundary wall of the Vidhan Sabha and the Secretariat wall will also be painted saffron.' 'It is our government, we will do whatever colour we like. Saffron is the colour of mahapurush (great men). We will paint government buildings saffron and will also install saffron flags along with the tricolour,' Marwah told ThePrint Friday. New Delhi: BJP MLA from Jangpura Tarvinder Singh Marwah has said he would launch a campaign to paint in saffron all national monuments in Delhi including the Qutub Minar, Red Fort and Humayun Tomb, and landmark government buildings such as the Secretariat and Vidhan Sabha. The 64-year-old leader said he will bring a proposal in the Vidhan Sabha to effectuate this and make a demand from Chief Minister Rekha Gupta. 'I will raise the issue in the assembly for buildings under the Delhi government and will meet Prime Minister (Narendra) Modi and Home Minister Amit Shah for the buildings of the central government.' 'Saffron is the colour of God. We want all the buildings in Delhi, including shops, to be painted saffron,' he told ThePrint, adding that in the coming time the whole city will become Ram-maya (drenched in the colour of Lord Ram). Marwah, who was with the Congress before switching to the Bharatiya Janata Party (BJP) in 2022, said the campaign to paint the buildings saffron is related to faith. 'This is my personal campaign. My party has no role in this,' he said. Also Read: As BJP leaders share meme of Trump in saffron kurta, VHP hopes Hindus worldwide will be safer under him Closure of meat, liquor shops Marwah has also written to Union Home Minister Amit Shah, requesting him to order the closure of all liquor and meat shops along the Kanwar Yatra route in the city. The Kanwar yatra begins from 11 July. The BJP legislator, a member of the Delhi Sikh Gurudwara Management Committee, said the shutting of meat and liquor shops is necessary to uphold the sanctity of the annual pilgrimage. 'We appeal that meat and liquor shops on the designated routes of the Kanwar Yatra are temporarily shut so that its sanctity is maintained and there are no untoward incidents,' reads his letter. ThePrint has seen the copy of the letter. Marwah also wrote to the CM last month for shutting down meat and liquor shops along the Kanwar route. Meanwhile, reviewing the preparation for the Kanwar Yatra, Culture and Tourism Minister Kapil Mishra said Wednesday the Delhi government has decided to shut meat shops on the Kanwar route. 'The decision on meat shops is a decision of the Delhi government and the Municipal Corporation of Delhi (MCD). It has been decided that they will remain shut,' Mishra told the media. But on Thursday, the MCD said there is no provision to shut shops on Kanwar Yatra under the Delhi Municipal Corporation Act, 1957. (Edited by Ajeet Tiwari) Also Read: Saffron fever, growing heft of Ranes & BJP's plan to tackle Sena. Inside story of restive Konkan
Economic Times
6 days ago
- Automotive
- Economic Times
National plan for key materials needed to secure EV future: Auto parts makers
Indian auto parts manufacturers are urging the government to develop a national strategy for critical materials, particularly rare earth magnets, essential for electric vehicle production. This call to action comes in response to China's export restrictions, which have disrupted global supply chains. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Auto parts makers are urging the Centre for a national strategy on critical materials to secure the future of automobile manufacturing in the country including electric vehicles . This follows China restricting exports of rare earths, disrupting global supply chains at industries reliant on rare earth magnets like Suri Marwah, president, Automotive Component Manufacturers Association of India (ACMA) said while auto parts makers are continuing to invest in value addition, technology upgradation, and localisation to align with evolving customer needs and global supply chain dynamics, the shortage of rare earth magnets is proving to be a challenge."The limited availability of rare earth magnets is a concern, underscoring the need for national strategy on critical materials to secure EV's future and mobility manufacturing in India," said Marwah, also MD of auto parts maker Subros She said India has adequate raw materials for making rare earth magnets and can attain self-sufficiency if processing centres are set up. "The industry is agile and has also started working on alternate solutions," she geopolitical and supply chain challenges globally, Marwah said the Indian auto parts industry clocked a 10% increase in revenues at $80.2 billion in FY25. The industry, in fact, grew at 14% compounded annually between FY20 and FY25, nearly doubling in size in five years. "FY25 was yet another milestone year where the industry's growth was underpinned by strong domestic demand, rising exports and increasing value addition," said Marwah, adding that as India transitions towards new-age mobility, the industry is making the necessary strides in investments, technology and localisation to serve both domestic and global markets exports rose by 8% to $22.9 billion last fiscal, imports went up at a slower 7.3% to $22.4 billion, resulting in a trade surplus of $453 million. The trade surplus improved from $300 million in Mehta, director general, ACMA said, "This increase in trade surplus indicates India's growing manufacturing competitiveness in the global market and localisation initiatives."
Time of India
6 days ago
- Automotive
- Time of India
National plan for key materials needed to secure EV future: Auto parts makers
EV calculator How much will I save if I choose an electric vehicle? SELECT vehicle type Calculate Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Auto parts makers are urging the Centre for a national strategy on critical materials to secure the future of automobile manufacturing in the country including electric vehicles . This follows China restricting exports of rare earths, disrupting global supply chains at industries reliant on rare earth magnets like Suri Marwah, president, Automotive Component Manufacturers Association of India (ACMA) said while auto parts makers are continuing to invest in value addition, technology upgradation, and localisation to align with evolving customer needs and global supply chain dynamics, the shortage of rare earth magnets is proving to be a challenge."The limited availability of rare earth magnets is a concern, underscoring the need for national strategy on critical materials to secure EV's future and mobility manufacturing in India," said Marwah, also MD of auto parts maker Subros She said India has adequate raw materials for making rare earth magnets and can attain self-sufficiency if processing centres are set up. "The industry is agile and has also started working on alternate solutions," she geopolitical and supply chain challenges globally, Marwah said the Indian auto parts industry clocked a 10% increase in revenues at $80.2 billion in FY25. The industry, in fact, grew at 14% compounded annually between FY20 and FY25, nearly doubling in size in five years. "FY25 was yet another milestone year where the industry's growth was underpinned by strong domestic demand, rising exports and increasing value addition," said Marwah, adding that as India transitions towards new-age mobility, the industry is making the necessary strides in investments, technology and localisation to serve both domestic and global markets exports rose by 8% to $22.9 billion last fiscal, imports went up at a slower 7.3% to $22.4 billion, resulting in a trade surplus of $453 million. The trade surplus improved from $300 million in Mehta, director general, ACMA said, "This increase in trade surplus indicates India's growing manufacturing competitiveness in the global market and localisation initiatives."
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Business Standard
6 days ago
- Automotive
- Business Standard
China's rare earth magnet curbs a wake-up call for Indian auto makers: ACMA
The ongoing shortage of rare earth magnets, following China's import ban in April and its subsequent actions, has emerged as a wake-up call for India's auto component industry, said Vinnie Mehta, Director General of the Automotive Component Manufacturers Association (ACMA) on Tuesday. The industry body is now conducting a comprehensive study to map vulnerabilities in its supply chain and identify areas where resilience needs to be built, he added. 'This is a wake-up call… The only solution for us is to be Atmanirbhar. That is where we have to focus all our energies,' Mehta said at a press briefing. He added that inventories are currently cushioning the impact of the disruption, but 'inventories are not infinite.' In 2024-25, India's overall auto component imports rose by 7 per cent year-on-year to $22.4 billion. China remained the largest source of imports, increasing its share from 29 per cent in FY24 to 32 per cent in FY25, ACMA stated. The total size of the Indian auto component industry stood at $80.2 billion in FY25, marking a 9.6 per cent year-on-year growth, supported by increased supplies to automakers, higher exports, and aftermarket demand, ACMA noted. ACMA President Shradha Suri Marwah acknowledged the industry's overdependence on China for rare earth magnets, which are vital yet low-cost components used across electric motors and various automotive systems. Both Marwah and Mehta reiterated the need for rapid localisation of critical components. 'There are no options left… We have to move towards a high percentage of localisation. The government is very clear on this, and so is the industry. We don't want to be stuck in situations like this—either as a country or as an industry,' she mentioned. ACMA will release findings of its supply chain vulnerability study at its annual session on September 12. The theme this year is Managing Geopolitical Challenges and Creating a Resilient Supply Chain, according to Mehta. Marwah mentioned that while the industry is agile and is already working on alternate solutions, the long-term answer lies in building domestic processing capabilities. 'India has the raw materials. We just need the technology to process rare earth minerals, and we'll be able to do it. There's a lot of work happening, and we're hopeful the situation won't be as bad as it seems,' she said. Mehta also addressed the Indian government's ongoing efforts to finalise a trade agreement with the United States. While he praised the Centre's consistent consultations with the industry, he admitted that progress is difficult. 'People on the other side are not so easy—and you get that… We count our blessings that India is not on the list of 14 countries facing trade restrictions. We are hopeful a deal will come through,' he stated. He hinted that any agreement could come in phases. 'I understand that there may be a truncated deal first, followed by a second phase. But I do not have any insights into the contours of the agreement, to be very honest,' he clarified. Meanwhile, Marwah raised concerns over rising freight and logistical challenges driven by global geopolitical conflicts—including the Russia-Ukraine war, Israel-Gaza conflict, and Red Sea tensions. 'Something that took 10 days is now taking 22,' she said, citing delays at Red Sea and Singapore ports. 'When materials take longer, your cash flows get stuck. Planning becomes uncertain. You plan for more material, and that increases costs,' she mentioned. She noted that while smaller components may be air-freighted, it is not always viable. 'It's disruptive… We plan three to six months in advance based on forecasts, and any delay throws things off balance,' she added.
Time of India
6 days ago
- Automotive
- Time of India
Rare earth magnet crisis: Auto component industry seeks national strategy; China export curbs spark concern
India's auto component industry is calling for a national strategy to secure access to critical materials essential for electric vehicle (EV) manufacturing, amid a potential production crunch due to a shortage of rare earth magnets. The Automotive Component Manufacturers Association of India (ACMA) on Tuesday raised alarm over dwindling supplies after China, which processes over 90% of the world's magnets, imposed export restrictions in April. These magnets are key components not just in EVs, but also in sectors like clean energy, home appliances, and traditional vehicles. Shradha Suri Marwah, president of ACMA, described the situation as a 'major concern', warning that the country's EV plans could be severely disrupted. 'The limited availability of rare earth magnets remains a concern, underscoring the need for a national strategy on critical materials to secure the future of EV and mobility manufacturing in India,' she said, quoted by PTI. The ACMA president further added that the sector is agile and has started to work on alternative solutions. Marwah noted that the industry must become self-reliant to avoid situations like the current one, where a potential crisis looms due to China restricting the export of rare earth magnets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo She said that though there are long-term solutions, at present, there are many challenges which the industry is 'trying to work around.' The domestic auto industry has been compelled to act after the Chinese government imposed export restrictions on rare earth elements and related magnets starting April 4 this year. China's curbs require special licences to export seven types of rare earth materials and related magnets. Since April, India has not received any fresh imports, leaving the domestic industry dependent on existing inventories. 'There are some issues that we are facing right now with China holding back on them (rare earth magnet licenses),' Marwah said. ' People have stocks of the commodity; it's a low-cost item, but an important item. So till stocks are there, things are looking good.' 'We are very clear that in the long run, we will have a solution to this, because India has the raw material. We just need to process technology, we'll be able to do it. So, there's a lot of work that's happening and we're hopeful that, you know, it won't be as bad as it seems right now,' she stated. ACMA director general Vinnie Mehta also expressed concern, over the curb, saying that there have been no imports of rare earth magnets since April, and the current situation can last only until companies exhaust their existing inventories. "And again, the inventories are not infinite," PTI cited the He said that the industry is working to develop alternatives and that being self-dependent is the only option left, requiring it to move to a higher fraction of localisation. "So that is where we have to focus all our energies on. And honestly, this is a wake-up call. If we do not do it, we're going to die," he warned. Marwah said efforts are underway to localise production and reduce dependency. 'The government is very clear. The industry is very aligned. So we are getting stuck in certain specific areas and certain specific components, but I think the road maps are being made,' she said. "We don't want to be stuck. We don't want to be stuck in situations like this as a country and as an industry." She also pointed to broader geopolitical disruptions, which have made global supply chains more volatile. 'We have disruptions that are happening in freight and logistics because various corridors are closed. This leads to longer lead times, larger inventory to be held, which also means working capital is becoming tighter,' she said. Despite these challenges, she said, the auto components industry expects FY26 to be a steady year. "We think the future will hold good, despite and in spite of everything, because we do believe that India is still in a sweet spot," she said. Recorded a strong performance in FY25, with turnover rising almost 10% year-on-year to $80.2 billion (Rs 6.73 lakh crore). The sector also nearly doubled in size over the past five years, growing at a CAGR of 14% from FY20 to FY25. 'FY25 was another milestone year. Growth was driven by robust domestic demand, rising exports, and greater value addition,' Marwah said. India's trade surplus in the sector also widened to $453 million in FY25 from $300 million the previous year, reflecting growing global competitiveness and localisation. He added that the aftermarket, valued at Rs 99,948 crore, recorded a 6% growth, while component supplies to domestic OEMs rose by 10% to Rs 5.7 lakh crore. Auto component exports rose by 8% to $ 22.9 billion (Rs 1,92,346 crore) in FY 2023-24, up from $21.2 billion (Rs 1,75,960 crore) the previous year. Imports grew by 7.3% to $22.4 billion, with Asia, primarily China, contributing nearly two-thirds of the total. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
