This move is expected to attract an investment of Rs 400 billion, capacity addition of 25 million tonnes and create 52.5 billion jobs. Export of speciality steel will increase and bring forex of Rs 330 billion.
Tag: Union Cabinet
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Motor Vehicles Amendment Bill passed in Lok Sabha
A draft legislation to amend the Motor Vehicles Act to impose stiffer penalties on traffic rules violations and to protect the Good Samaritans from legal harassment was passed by the Lok Sabha.
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Cabinet approves revised cost estimate for NATRIP
Union Cabinet gave its nod for cost revision of the National Automotive Testing and R&D Infrastructure Project (NATRIP) initiative to Rs 3727.30 crore. NATRIP aims to adopt global best practices, to support Automotive Mission Plan 2016-26, to make Indian vehicles comply with global standard of safety and to help the MSMEs for development and certification of auto-components.