Metal Sector Needs to be at Forefront of Circular Economy Model: Says Shri Jyotiraditya M. Scindia


Majority of our natural resources are finite therefore it is critical that the world finds environmentally and economically viable way of using these scarce resources, said Union Minister for Steel and Civil Aviation Shri Jyotiraditya M. Scindia at the International conference on Circular Economy and Resource Efficiency, organized by the Indian Institute of Metals Delhi Chapter here today. Chairman of SAIL, Ms Soma Mondal, Mr. Ulrich Greiner Pachter, CEO, Region India & Asia Pacific, SMS Group, Dr S.K.Jha, CMD, MIDHANI,  Dr. mukesh Kumar, Chairman,IIM, Delhi Chapter and delegates from Mineral and Metal Sector were present in the conference.


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Shri Scindia highlighted that the consensus seems to have emerged across the globe that circular economy is the only way towards conservation of resources. We must understand that the future of humanity cannot be built on a ’take-make-dispose’ model i.e., Linear Economy. Metal sector needs to be at the forefront of circular economy model in view of its pervasive applications besides the inherent potential of metals to be amenable and adaptable to business models following 6R principles of Reduce, Recycle, Reuse, Recover, Redesign and Remanufacture, the Minister further added.


The Minister recalled Prime Minister Shri Narendra Modi’s address on 15th August 2021 in which He emphasized on the urgent need of Circular Economy Mission. In his address, the Prime Minister had exhorted that circular economy is the need of the hour, and we must make it mandatory part of our lives in due to fast depletion of natural resources to meet the needs of modern economy.


Shri Scindia added that metal industry is highly energy intensive industry and thus cause large carbon emission, which is a major challenge for the global community thus we have to adapt new technologies to achieve the goal of zero carbon emission.  We all agree that in today’s technological dominated world, nothing is waste and all so-called wastes can be converted into resources for wealth creation by adoption of suitable technology, the Minister stated.




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India’s Mining & Metal sector is set for robust development in view of expected jump in demand to support the emerging boom in growth in the automotive, infrastructure, transport, space and defence. The challenge in this fast-paced world is to confront the by-products of sectors such as steel, which is at the same vital for economy and on the other hand is hard to abate sector with respect emission of carbon dioxide. Steel Makers across the globe are set on course to evolve suitable strategies to tackle the twin challenges of environmental sustainability and circular economy.


The Minister said, the Government of India has taken timely initiative through NITI Aayog by forming 11 committees to promote Circular Economy in various sectors including Metals sector covering Ferrous and non-Ferrous metals.


Shri Scindia apprised that Ministry of Steel is working as a nodal agency and has already prepared a detailed roadmap for promoting circular economy in Metals sector covering all facets of production from mining to finished metal production and their recycling / reuse including utilization of all wastes and by-products generated in the process.


Minister highlighted that the circular economy is much more than recycling. A very large part of our energy consumption, and therefore the related greenhouse gas emission is closely linked to the extraction, processing, transportation, use and disposal of materials. Circular strategies such as circular design, material efficient production, reuse, repair and recycling lead to saving in material consumption and reduce greenhouse gas emission. By focusing on maximum value retention and closing the material recycle, the circular economy possesses a robustness that will help in dealing with drastic changes caused by the climate change. These moves will have multiple benefits for the nation and have a multiplier effect on the GDP due to associated supply chain as well as consumption related industries besides creating large employment opportunities both directly within the plant and indirectly in associated industries.


The Minister said that India has increased installed capacity of production of steel by 50% to 155 million tonnes in Financial Year 2022 from around 100 million tonnes in financial year 2014. During this period of eight years per capita consumption of Steel also has gone by almost 50% to 77 kg per capita today. Steel Industry is on a steady growth path led by government of India’s Investor friendly policies in addition to government’s focus on strengthening the infrastructure of the country. Revolutionary changes have brought in the Mineral and metal sectors and today India is now 2nd largest steel producer in the world, Shri Scindia also said.




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Shri Scindia hoped that the Indian Institute of  Metals, Delhi chapter to come out with recommendations from the deliberations at this international conference on this important subject which shall help the industry to move towards Zero Waste and Zero Harm approach.


Mr. Ulrich Greiner Pachter, CEO, Region India & Asia Pacific, SMS Group said that India’s Steel Industry has changed a lot towards positive growth.


The Chairman, SAIL, Ms Soma Mondal said that research suggests green house gas emissions in the atmosphere can only be decreased by approximately 50% through Carbon reducing operational efficiencies and widescale implementation of renewable energy solutions. The remaining 50% must come from the transformation in how we produce and consume resources. Thus businesses will have to play leading role in this new economic structure, spearheading innovation for change to protect the planet and create new value.  Ms Mondal highlighted that nothing is waste. She also added that about 200 delegates are attending this conference.


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Bosch establishes sector board for Mobility Solutions business sector

Reorganization reflects the new mobility era


– Dr. Markus Heyn will be the chairman of the new sector board.

– Further members are Dr. Uwe Gackstatter, Dr. Mathias Pillin, Klaus Mäder, and Andreas Dempf.

– Thanks to new management team, sector will be well positioned to seize growth opportunities offered by the mobility transformation.

Stuttgart, Germany – WEBWIRE

With the new management team, we will be well positioned to make the best of growth opportunities arising from the transformation of mobility ”
says Dr. Markus Heyn, member of the Bosch board of management and head of the Mobility Solutions business sector



Effective January 1, 2023, Bosch is planning to reorganize its Mobility Solutions business into a business sector with profit and loss responsibility. Customer requirements are changing as a result of the transformation of the mobility segment. The aim of the reorganization of Bosch Mobility Solutions is to be able to serve existing and new customer needs with customized technologies and solutions from a single source.


Along with the reorganization, the company is establishing a new management team, which effective October 1, 2022, will be responsible for Mobility Solutions and all its divisions. The chairman of the new sector board will be Dr. Markus Heyn (57), member of the board of management Robert Bosch GmbH and head of the Mobility Solutions business sector since January 2022. The following additional members have been appointed:


Andreas Dempf (52) will be retaining responsibility for sales and customers of Mobility Solutions – a function he has performed since the beginning of this year.


Dr. Uwe Gackstatter (58), currently president of the Bosch Powertrain Solutions division. In the future, he will assume responsibility for commercial affairs.


Klaus Mäder (55), currently president of the Automotive Electronics division, will be responsible for operations and thus among other things for all plants worldwide as well as for quality.


Dr. Mathias Pillin (55), currently president of the Cross-Domain Computing Solutions division, will take over technology responsibility for the entire business sector.


’’With the new management team, we will be well positioned to make the best of growth opportunities arising from the transformation of mobility,” says Dr. Markus Heyn, member of the Bosch board of management and head of the Mobility Solutions business sector. Over the coming months, the sector board will work together with associates and executives from the Mobility Solutions operating units, as well as with the involvement of the employee representatives, to flesh out the business sector’s future setup. The rapid pace of the transformation of the mobility segment opens up ample opportunities for growth. In the interest of its customers, Bosch intends to take advantage of these opportunities and to extend its position as one of the leading providers of mobility solutions.


India’s First Logistics Excellence Awards highlight the contributions of Private Sector driving change and innovation in the Logistics Sector.


The Government of India hosted its first-ever National Logistics Excellence Awards in New Delhi today. Union Minister for Commerce & Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal along with the Minister of State for Commerce and Industry Shri Som Parkash Sharma gave away the awards in 12 categories. The National Logistics Excellence Awards aim to acknowledge the many logistics service providers in the country that have been able to display innovation, diversity and efficiency.


With 169 entries and 12 categories for awards in its first edition, the Ministry of Commerce and Industries undertook a year-long process of identifying, categorising, and selecting qualified applications. An Expert Screening Committee of 18 diverse experts and a National Jury of 9 senior dignitaries was formed to make the final deliberations.


Speaking on the occasion, Shri Piyush Goyal urged the industry to work with the government to bring down the logistics cost from 12-14% to 7-8% as prevailing in the developed countries. The minister emphasized that the expansion of infra spending from Rs. 2.5 lakh crore to Rs. 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals etc. Shri Goyal said that GatiShakti will help in efficient planning and implementation, thereby ensuring that last-mile connectivity related issues are not there. He also informed that the government is actively thinking of promoting manufacturing of containers and ship-building.


Shri Goyal appreciated the role played by the logistics sector during the Covid-19 pandemic. He said the resilient and efficient supply chains developed by the operators in the logistics sector helped India overcome the challenges of the COVID-19 pandemic and supported the growth in trade seen over the last 2 years.


Shri Goyal also asked the industry to involve start-ups to become more transparent and efficient. He said going forward, a separate category of awards should be created for MSMEs in the logistics sector given the role played by them.


The Minister of State for Commerce and Industry, Shri Som Parkash Sharma said that the availability of cost-effective logistics is critical for growth of the Industries and Indian Economy and that adoption of technologies and upgradation of skill levels of human resources engaged in the sector is a must.


Shri Anurag Jain, Secretary of the DPIIT, acknowledging the excellence portrayed by the logistics sector, shared that GatiShakti, Atmanirbhar Bharat, driven by many MSME and Startups of the country, make the logistics sector very crucial to India’s economic ambitions.


In addition to the Logistics Ease Across Different States (LEADS) report that measures that appreciates the endeavours of the State Governments, the Logistics Excellence Awards will continue to be an annual exercise recognizing excellence in logistics with the private sector in India.


National Logistics Excellence Awards 2021 – List of Winners


  1. Best Cargo Airline & Terminal Operator – FedEx Express Transportation and Supply Chain Services (India) Pvt. Ltd.
  2. Best Road Freight Service Provider – DHL Supply Chain India Pvt. Ltd.
  3. Best Rail Freight Service Provider – Adani Logistics Ltd.
  4. Best Shipping & NVOCC service Provider – Maersk India Pvt. Ltd.
  5. Best Port Service Provider – DP World
  6. Best Warehouse service provider – Transport Corporation of India Ltd. (Through TCI Supply Chain Solutions)
  7. Best Cold Chain/Refrigerated service provider – Transport Corporation of India Ltd. (Through TCI Supply Chain Solutions)
  8. Best Express Logistics Service Provider – Safexpress Pvt. Ltd.
  9. Best Logistics infrastructure and service provider – Adani Logistics Ltd.
  10. Best Freight Forwarders – Kuehne + Nagel Pvt. Ltd.
  11. Best Customs House Agent/Customs broker – International Clearing & Shipping Agency (India) Pvt. Ltd.
  12. Industry Excellence Award – Sun Pharmaceutical Industries Ltd.


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Indian Auto sector must go Global and look for major share of global electric auto market: It will lead them to achieve size and scale, says Dr Mahendra Nath Pandey


Dr Mahendra Nath Pandey, Union Heavy Industries Minister has said that Indian Auto must go Global and look for major share of global electric auto market. It will lead them to achieve size and scale.  Addressing  the Round Table Conference organized by Ministry of Heavy Industries (MHI) today  at Goa to Promote Electric  Vehicles Mobility, Dr. Pandey  called upon the  Indian industry to benefit from great upcoming opportunities  in sunrise areas “ They can achieve global scale and internationally acceptable quality products”, he said.  


The Minister further  stated that growth of Auto Industry will certainly help us to achieve India’s commitment for “Panchamrita” given by the Prime Minister Narendra Modi   in COP 26 and give huge employment opportunities to Indian youth.  The Minister  also mentioned that there is a disruptive change happening in the global automotive scenario with big boost to ‘Electric Vehicles’ as the future of technology. He added that innovations and technological breakthroughs in EV components are catalyzing this disruption. Therefore it is essential to accelerate the manufacturing and adoption of Electric Vehicles in India. He said, ‘We also need to make India manufacturing hub of EV’. He also mentioned that  India’s transition to Electric Mobility System can save Rs 20 lakh crore by 2030 on avoided oil imports alone. 





Referring to the (FAME India II) scheme, He sated that Ministry of Heavy Industries is supporting the ecosystem through our national flagship schemes such as Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India II) scheme, National Programme on Advanced Chemistry Cell (ACC) and Production Linked Incentive (PLI) scheme for Automobile and Auto Components. He informed that these three major schemes are sanctioned by the government with a total outlay of Rs 54,038 crore. FAME-II scheme incentivizes demand for EVs by providing upfront subsidies and creating EV charging infrastructure. The scheme envisages supporting a demand of 10 Lakh electric 2 Wheelers, 5 lakh Electric 3 Wheelers, 55,000 Electric Cars and 7,090 Electric Buses. 


Talking about the the PLI Scheme for Automobile and Auto Components, Dr. Pandey said that  it  will incentivise  manufacturing of high technology automobile and auto components in India. The program will lead to fresh investment of over ₹42,500 crore and will create additional employment opportunities of over 7.5 lakh jobs, he added.





Dr. Pandey  further stated  that growth of shared, connected and electric mobility presents a huge opportunity for India in terms of sustainability, job creation and giving impetus to manufacturing through ‘Make In India’


He expressed hope that this round table will facilitate all of us to work out strategies to promote adoption of Electric Vehicles in India and attract investment in manufacturing of EVs, batteries and high technology automotive components in India. He  emphasized that  a transformed E-mobility ecosystem will require participation and collaboration across diverse stakeholder groups.


Goa State Electric Vehicle  Policy 2021 was launched by  Dr. Pandey and Goa Chief Minister  Shri Pramod Sawant at the Round Table Conference.  It provides  for Fiscal and Non-fiscal incentives for Electic Vehicles, electrification of ferries & focus on R&D and Skill Development. 10 electric buses sanctioned under FAME 2  were also flagged off by  Dr. Pandey and Goa CM. 


Ministers of Transport and Chief Secretaries/Senior Officers from States, Industry Leaders from Automotive Sector, Start Ups and Technical Experts are participating in the conference. Shri Krishan Pal, Gurjar, Minister of State of Heavy Industries, Shri Arun Goel, Secretary, Heavy Industries participated  in the conference. Shri Amitabh Kant, CEO, NITI Aayog delivered  the Key Note address on the occasion. 




Automobile sector is a key driver of India’s economic growth and the largest contributor to the manufacturing sector. Automobile industry contributes to nearly 6.4 per cent of India’s GDP and 35 per cent of manufacturing GDP and is a leading employment provider.


India ranks number 1 in the world in two wheelers, 3 wheelers and tractors manufacturing and number 5 in passenger and commercial vehicles manufacturing. The size of Indian Original Equipments Manufacturers ( OEMs) is US $ 80.8 billion with exports of US $ 11.7 billion. Size of auto component industry is US $ 57 billion with exports of US $ 15 billion and imports of US $ 17.7 billion. In value terms Indian automotive industry is ranked number 11 in the world. This is because Indian automotive industry has succeeded in mass volume, lower value, lower technology products, not in advanced automotive technology products. In global automotive trade of US $ 1.5 trillion India’s share is less than 2 per cent with total exports of US $ 27 billion. India’s share of advanced automotive components is only 3 per cent compared to 18 per cent globally which is estimated to further grow to 30 per cent by 2030.


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New Central Sector Scheme for industrial development of Jammu and Kashmirwill help in creation of more employment opportunities and promotion of tourism in the region

The Department for Promotion of Industry and Internal Trade has notified “New Central Sector Scheme for industrial development of Jammu and Kashmir” with financial outlay of Rs. 28,400 crore on 19/02/2021 and is effective from 01.04.2021 to 31.03.2037. The scheme is applicable for any eligible industrial (manufacturing) entity or eligible service sector enterprise other than those run departmentally by Government, which is registered business enterprise under Goods and Service Tax.

The scheme offers four incentives namely (i) Capital Investment Incentive, (ii) Capital Interest subvention, (iii) Goods & Service Tax Linked Incentive (GSTLI) and (iv) Working Capital Interest Subvention.

Definitely the Scheme will help in creation of more employment opportunities and promotion of tourism in the region. The estimated direct employment generation is anticipated to be nearly 78000 persons, however, the scheme has potential to trigger much more gainful employment indirectly and also, has potential to further promote tourism activities in Jammu and Kashmir.

This information was given by the Minister of State in the Ministry of Commerce and Industry, ShriSomParkash, in a written reply in the Lok Sabha today.

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