Enthused by the success of a project aimed at reducing energy consumption by small-scale steel units, the steel ministry has now decided to take it up on a bigger scale. The new project—Upscaling Energy Efficient Production in small-scale steel industry in India—will lead to cleaner production in 300 units, including in induction furnace units, steel secretary G Mohan Kumar said. Under the existing project, which started in April 2004 and will end this month, the ministry and UNDP had taken up 34 units.
Agriculture export promotion schemes to continue
A key agriculture export promotion scheme of the APEDA will be continued during the 12th Plan (2012-17), the government said. A decision on this was taken by the Cabinet Committee on Economic Affairs. “The CCEA has approved the proposal of the ministry of commerce for continuation of the Agriculture Export Promotion Plan Scheme of the APEDA with four components in the 12th Plan period,” an official statement said. These components are infrastructure development, transport assistance, market development and quality development.
Sports goods industry feels heat from Chinese imports: Assocham
Raising concerns about the survival of India’s $2-billion sports goods industry, a study by Assocham has found that the sector is facing serious threat due to the influx of cheap Chinese products and global brands. “India’s exports of sports goods are uncompetitive, accounting for a share of about 0.2% while China has managed to increase its share from 33.5% to 40.5% during 2008-12,” the study revealed. The study has suggested setting up of composite sports clusters equipped with technical and logistics support of international standards to push India’s sports goods exports to the R1,000-crore mark by 2018.
Power2SME in Red Herring Top 100 Global list
Power2SME, the first ‘Buying Club’ for SMEs in India, said it has been selected in the Red Herring’s Top 100 Global list for the year 2013. Red Herring award recognises the year’s most promising private technology ventures from across the world. Red Herring was among the first to recognise that Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way people live and work. R. Narayan, Founder & CEO, Power2SME, said the firm aspires to be “a billion dollar enterprise in the next seven years.”
Kerala footwearindustry becomes a R700-crore sector
From being plagued by high manufacturing costs, the Kerala footwear industry has moved on to become a R700 crore sector, producing good quality and low-priced