Virtual CFO(vCFO) II CFOs on Rise Post Covid II CA/CS/CFA/MBA most preferable vCFO II

Virtual CFO (or vCFO for short) stands for virtual Chief Financial Officer. A virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations.A virtual CFO may be a single person or an entity.

You may refer, YouTube video link on Virtual CFO(vCFO) II CFOs on Rise Post Covid II CA/CS/CFA/MBA most preferable vCFO II

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Bipul Kumar

Agro Tec start-ups : Office of PSA’s KisanMitr & KVKs partner to make agritech accessible for farmers through vernacular sessions

The 28th edition of the series of agricultural presentations had a guest. Balraj, a farmer from Punjab spoke about the impact that deploying a sensor to detect moisture in the atmosphere has made in their irrigation practices. His village doesn’t have electricity and they use diesel-run pumps. Deploying this sensor saved both diesel, and water (which he quantified as 15-20 hours of running the pump). The sensor was able to detect moisture in the lower layers of the soil. He observed an improvement in crop yield and soil health. This sensor is a product of an agritech startup.

One of the biggest challenges,for agriculture technology start-ups,is reaching out to the farmers, FPOs,and Krishi Vigyan Kendras(KVKs) – their end-users. Kisanmitr was conceptualized and has been successful in linking the Supply with the Demand side. The start-ups can support the farmers through the KVKs and the farmers can find solutions to some of their challenges.

The series of agricultural presentations by technology developers across the Indian research Institutes and their incubated start-ups have helped showcasearound 150 agricultural technologies across different themes, farm management, post-harvest management, allied agriculture, etc.These have been garnered under the Office of the Principal Scientific Adviser, Government of India. The presentations are made primarily for the demand members (Industry and Incubators) to evaluate the technologies and to stitch the supply side and Demand side of agriculture through technology.

Speaking at the 28th edition on 3rd July 2021, Dr. A. K. Singh, Deputy Director-General, (Agricultural Extension) ICAR pointed out thatKisanMitr is helping meet the PM’s vision of developing technology solutions for farmers’ problems. He congratulated the Office of PSA, ICST, NSRCEL for facilitating the process of making technology and innovations that are developed in research laboratories across the country reach farmers across the country. Applauding the organization of vernacular sessions of these webinars, he also hoped that the upcoming webinars will bring together more farmers to talk about their problems, and what technology solutions they need. He opined that “one farmer will help train many more farmers. So, if we train one with technology,they will help transfer knowledge too.” Dr. Singh called out to the KVKs to be flag bearers and help reach these solutions to reach the farmer by organizing a viewing session in KVK offices for farmers for demonstration of technologies. Seventy-five KVKs have, till now, partnered for this outreach.

Watch the 28th edition here:https://www.youtube.com/watch?v=8SyC2G2DRT0

Among thevoluntary organizationsthat are facilitating the organization of these vernacular language sessions for farmers are VIT School of Agricultural Innovations and Advanced Learning, VAIAL (Tamil), and Grameena Incubation Center (Telugu). The teams are in talks with others for sessions in Gujarati, Marathi, and Rajasthani.The upcoming sessions in Tamil and Telugu are planned to be held on 10th July and 17th July respectively. Coming months, the plan is to telecast these sessions in other regional languages as more KVK partners join the initiative.

About KisanMitr:

KisanMitr or ‘Friends of the Farmers’, is an initiative of the Office of the Principal Scientific Adviser, Government of India. This project aims to make Indian farmers more self-reliant by giving them insights and recommendations based on information from various data sources from different departments of the Government. The website is at: https://kisanmitr.gov.in/

About Office of Principal Scientific Adviser, Government of India:

In November 1999, Cabinet Secretariat established the Office of the Principal Scientific Adviser to the Government of India. The PSA’s office aims to provide pragmatic and objective advice to the Prime Minister and Cabinet on matters related to science, technology, and innovation with a focus on the application of science and technology in critical infrastructure, economic and social sectors in partnership with Government departments, institutions, and industry.

About KVK:

The Krishi Vigyan Kendras (KVKs) work towards the mandate of “Technology Assessment and Demonstration for its Application and Capacity Development.” These kendras (centres) are a part of the National Agricultural Research System (NARS), which aims at assessment of location-specific technology modules in agriculture and allied enterprises, through technology assessment, refinement, and demonstrations. KVKs have been functioning as Knowledge and Resource Centre of agricultural technology supporting initiatives of public, private, and voluntary sectors for improving the agricultural economy of the district and are linking the NARS with extension system and farmers.

About Indian CST:

The Office of PSA engaged the services of the Indian Centre for Social Transformation (Indian CST) (www.indiancst.in), a Registered Public Trust who developed and are maintaining https://epashuhaat.gov.in for the Ministry of Animal Husbandry Dairying and Fisheries for the (then) Ministry of Agriculture and Farmers Welfare since 26.11.2016. Indian CST has contributed its GPMS Transportal for building the KISANMITR portal on the lines of e-pashuhaat.

About NSRCEL:

With programs specifically catering to entrepreneurs with profit ventures and social ventures, also student and women entrepreneurs, IIMB’s NSRCEL offers its support to various players of the startup ecosystem. NSRCEL brings together startups, industry mentors, eminent academicians from its parent institution Indian Institute of Management Bangalore, and researchers who thrive on continuous interaction of theory and practice.

Office of Principal Scientific Advisor to GoI Press release dated 07th July 2021

Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh launches the Online Course Mobile App “Matsya Setu” for Fish Farmers

Release

Ministry of Fisheries, Animal Husbandry & Dairying

Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh launches the Online Course Mobile App “Matsya Setu” for Fish Farmers

Posted Date:- Jul 06, 2021

Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh, today launched the Online Course Mobile App “Matsya Setu”. The app was developed by the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), Bhubaneswar, with the funding support of the National Fisheries Development Board (NFDB), Hyderabad. The online course app aims to disseminate the latest freshwater aquaculture technologies to the aqua farmers of the country.

Matsya Setu app has species-wise/ subject-wise self-learning online course modules, where renowned aquaculture experts explain the basic concepts and practical demonstrations on breeding, seed production and grow-out culture of commercially important fishes like carp, catfish, scampi, murrel, ornamental fish, pearl farming etc. Better Management Practices to be followed in maintaining the soil & water quality, feeding and health management in aquaculture operations were also provided in the course platform. The modules are divided into small video chapters for the convenience of the learners, along with additional learning materials. In order to motivate the learners and provide a lively learning experience, Quiz/Test options were also provided for self-assessment. Upon successful completion of each course module, an e-Certificate can be auto-generated. Farmers can also ask their doubts through the app and get specific advisories from experts.

Speaking on the occasion, Shri Giriraj Singh, Minister for Fisheries, Animal Husbandry and Dairying, stated that capacity building of fish farmers is a very vital part of spearheading the Technology-led Aquaculture Development in the country. He emphasized that trainings should be provided on various activities including ornamental fisheries, seaweed culture, module on feed preparation, post harvest value addition. He emphasized to include inputs of successful farmers while providing training.

He stated that the app will be surely helpful for the farmers to learn the advancements in the technologies and Better Management Practices at their convenience. Learning the advanced technologies will certainly influence the adoption of scientific methods in fish farming; hence the productivity will be enhanced, and the income will be improved. This app can also be an important tool to disseminate the latest information on different schemes among the stakeholders, especially fishers, fish farmers, youth and entrepreneurs across the country, assist them and facilitate ease of doing business. He expressed confidence that the app will serve as a wonderful platform for the farmers for learning.

During the event, Union Minister interacted with progressive fish farmers from various places in the country and taken inputs from the farmers. During the interaction he enquired about the cost economics of the various fish culture practices and also asked some of the successful farmers to share videos of 1 to 2 minutes of their projects implemented.

While appreciating the efforts of the ICAR-CIFA & NFDB for bringing out the app for the benefit of the farmers. The Union Minister said that the app should be popularized widely and should reach every fish farmer in the country.

Shri Pratap Chandra Sarangi, Minister of State for Fisheries, Animal Husbandry and Dairying.  Mr J.N.Swain, Secretary, Department of Fisheries, Government of India and senior officers of the Department of Fisheries were present.

Click here for more information on how to download and use the app

Wealth from Waste: Spent catalyst from industry can be an efficient catalyst for batteries

Posted Date:- Jul 06, 2021

We are perhaps looking at a future in which industrial waste will form the base for energy storage in batteries. Scientists have shown that the spent catalysts from the energy industry or the raw material for recycling operation that deliver fresh catalysts and valuable metals work as an efficient bifunctional oxygen electrocatalyst and can catalyze the core reactions that facilitate the operation of metal-air batteries.

It can help develop new strategies for effectively using industrial waste for energy storage in batteries paving the way to realize the dream of achieving ‘today’s waste is tomorrow’s energy’.

Hydrogen energy offers a promising power generation route for the industry and transport sectors due to high energy density and clean output. One of the ways to produce hydrogen is by catalytic decomposition of methane using nickel catalyst embedded on alumina or zeolite. After several runs, the catalysts get spent due to carbon choking and lose their activity. The spent catalysts are typically subjected to energy-intensive processes such as high-temperature combustion for recycling, releasing a large amount of COx into the atmosphere during the process or chemical treatment for the reclamation of metal constituents. These protocols are neither economically viable nor environmentally friendly, thus demanding alternative avenues to efficiently use the spent catalyst.

One of the best possible routes is to use the retrieved spent catalyst for energy generation/storage applications. The composition of the given spent catalyst, Carbon nanotubes with Ni nanoparticles and porous alumina, may be ideal for direct use as electrocatalyst in electrochemical energy applications and thus, opens up a viable strategy for converting waste to wealth.

Dr C. Sathiskumar, Dr Neena S. John and Dr H.S.S. Ramakrishna Matte from the Centre for Nano and Soft Matter Sciences (CeNS), an autonomous institute under the Department of Science & Technology, Government of India, in collaboration with Hindustan Petroleum Corporation Ltd (HPCL) R&D Green Centre, Bengaluru, have demonstrated that the above-spent catalyst works as an efficient bifunctional oxygen electrocatalyst. It can catalyze both electrochemical oxygen evolution (OER) and oxygen reduction reactions (ORR), the core reactions that facilitate the operation of metal-air batteries.This research was recently published in the journal ‘Sustainable Energy Fuels’.

The spent catalyst shows stable current density for 20 hrs and 8 hrs towards OER and ORR. The potential difference for overall oxygen electrocatalyst (ΔE) reveals a superior bifunctional activity of the spent catalyst. Furthermore, the spent catalyst employed in Zn-air batteries displayed commendable charge-discharge performance up to 45 hrs with high reversibility.

The work supported by the Centre for High Technology (CHT)-Oil and Industry Development Board (OIDB), Hydrogen Corpus Fund help in effectively utilizing industrial waste for energy storage applications, thus producing green energy in a sustainable manner.

Publication links:

DOI: 10.1039/d1se00007a.

For more details Dr Neena S. John and Dr H.S.S. Ramakrishna Matte jsneena@cens.res.in, matte@cens.res.in can be contacted.

Ministry of Science & Technology Press release dated 06th July 2021

SS/RKP

Setting up of Advisory Council for Open Network for Digital Commerce (ONDC)

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has initiated a project on Open Network for Digital Commerce (ONDC). The task has been assigned to Quality Council of India (QCI). ONDC aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform. ONDC is expected to digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers.

An advisory council has been constituted to advise the Government on measures needed to design and accelerate adoption of ONDC. The members of the Advisory council will be:

  1. Shri R.S. Sharma, CEO, National Health Authority
  2. Shri Nandan M. Nilekani, non-executive Chairman of Infosys
  3. Shri Adil Zainulbhai, Chairman, QCI and Capacity Building Commission
  4. Ms Anjali Bansal, Founder & Chairperson, Avaana Capital
  5. Shri Arvind Gupta, Co-founder & Head, Digital India Foundation
  6. Shri Dilip Asbe, MD & CEO, NPCI
  7. Shri Suresh Sethi, MD & CEO, NSDL
  8. Shri Praveen Khandelwal, Secretary-General, CAIT
  9. Shri Kumar Rajagopalan, CEO, RAI

Additional Secretary (ITeC),DPIIT shall be the cove nor of the Advisory Council.

Ministry of Commerce & Industry Press release dated 05 July 2021

Role of women in leading scientific research increasing

The involvement of women as science leaders seems to be increasing. The percentage of women leading research projects has increased by 4 percent over two years, said a recent government report.

Women Principal Investigators (PIs) participation in research that received Extramural Research (EMR) support (support through peer-reviewed competitive grant mechanism) was 28% during 2018-19, as compared to 24% during 2016-17, according to the Directory of Extramural Research & Development (R&D) Project 2018-19 report released by the government recently.

The report also showed that extramural R&D support or R&D support through peer-reviewed competitive grant mechanisms by the central government was Rs. 2091.04 Crore in 2018-19 as compared to Rs. 2036.32 Crore in 2017-18 — an increase of Rs. 54.72 Crore over the previous year. The number of projects supported has increased, as has the number of PIs. A total of 3839 PIs undertook 4616 projects in comparison to 3491 PIs undertaking 4137 projects during 2017-18.

Of this support, 64% of the projects were received by 8 states, including Tamil Nadu, Delhi, Karnataka, Kerala, Maharashtra, Telangana, Uttar Pradesh, and West Bengal, accounting for 71 % of the share of funding.

The 22 Indian Institute of Technologies (IITs) combined received 822 projects – the maximum number, with highest financial support of Rs. 449.25 Crore, followed by 26 National Institute of Technology (NITs) combined, which received 191 projects with financial support of Rs. 55.83 Crore. The maximum financial support went to Engineering and Technology, while the maximum number of projects went to Biological Sciences. 

The Department of Science and Technology (DST) accounted for the maximum Extramural Research (EMR) support of Rs. 1392.21 Crore (67%), followed by the Department of Biotechnology (DBT) with Rs. 341.37 Crore (16%). The two Departments together contributed to 83% of the total extramural R&D funding in India.

The Scientific and Technological (S&T) activities play a vital role in the economic, social, and physical development of a country. Scientific and technological research needs huge investments and calls for judicious utilization of scarce resources like finance, trained manpower, raw materials, and so on. Data collection and analysis pertaining to resources devoted to S&T, therefore, assumes significant importance. The growth of S&T, its performance, and its impact on society and economy are indicators to assess the effectiveness of planning and policy formulation.

Extramural Research and Development (R&D) projects support is a peer-reviewed competitive grant mechanism of the Central Government to promote, catalyze and advance R&D and innovation in the country and provides special encouragement to scientists to pursue a research career. Centre for Human and Organisational Resource Development (CHORD) division, formerly known as the National Science and Technology Management Information System (NSTMIS) division of DST, has been collating, analyzing, and disseminating information on Extramural Research and Development projects funded by various scientific agencies. CHORD has been entrusted with the task of building the information base on a continuous basis on resources devoted to scientific and technological activities for policy planning in the country.

Directory of Extramural R&D projects approved for funding by selected Central Government Departments/Agencies is being published by DST annually since 1990-91. The present directory, twenty-ninth in the series, is an outcome of the efforts made for the projects funded during the year 2018-19 by various scientific agencies of the Government. This directory contains information on 4616 R&D projects approved for funding by 16 scientific agencies/departments during 2018-19.

Detailed Report: https://dst.gov.in/sites/default/files/EM_Directory_2018_19_0.pdf

                           https://dst.gov.in/sites/default/files/EM_Directory_2017-18_0.pdf

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Ministry of Science & Technology Press release dated 02 July 2021

Highest ever merchandise exports in a quarter (Q1 2021-22, USD 95 billion) in the history of India

Highest ever merchandise exports in a quarter (Q1 2021-22, USD 95 billion) in the history of India


India sets a target of USD 400 billion merchandise exports in 2021-22

Despite COVID-19, labour-intensive sectors (engineering goods, rice, marine products, etc.) saw a rapid export growth

Highest ever FDI inflow of USD 81.72 billion in 2020-21

Number of startups recognised by DPIIT goes up to 50,000, spread across 623 districts

Shri Piyush Goyal said, “the world sees India as the trusted and reliable partner”

Ministry of Commerce & Industry Press release dated 02 July 2021

The Minister of Commerce & Industry, Railways and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal held a press conference today to showcase the achievements of the Ministry of Commerce and Industry in Q1 (April – June) of 2021-22. He mentioned how an ambitious target of USD 400 billion exports has been set for 2021-22.

Shri Piyush Goyal said that sector specific interventions, involvement of all the stakeholders and functioning of the Government as a whole helped in achieving the growth. Simplification of procedures, extension of timelines and licences, all of that has resulted in the record performance of exports, he added. He specially thanked the Hon’ble Prime Minister Shri Narendra Modi ji for leading from the front, and holding discussions with various stakeholders through webinars after the Union budget, and encouraging everyone to put in their best.

Shri Piyush Goyal further said that the performance of the services sector has also been excellent, and despite the pandemic, almost 97% of 2019-20 service export levels were achieved in the last FY. He said that after deliberations with the stakeholders, he is confident that USD 350 billion service exports can be achieved by 2025, and may even go up to USD 500 billion very soon.

The press conference was also attended by Ministers of State for Commerce & Industry, Shri Som Parkash and Shri Hardeep Singh Puri. The Secretaries of the Department of Commerce and DPIIT then briefed the media about the achievements of their respective departments.

Highest Ever Merchandise Exports in the history of India

Highest ever merchandise exports of USD 95 billion in Q1 of 2021-22 has been achieved in the history of India. This is 85% higher than exports of Q1 of 2020-21 and 18% higher than the exports of Q1 of 2019-20. It is also 16% more than the previous highest Q1 exports of 2018-19 (USD 82 billion) and is higher than the earlier peak of exports in Q4 of 2020-21 (USD 90 billion).

Labour intensive sectors seeing rapid export growth

Several Labour-Intensive sectors have seen a rapid export growth. The exports in the engineering goods sector has increased by USD 5.2 billion over Q1 of 2019-20. Likewise, Rice exports growth has remained positive since May 2020 and rose by 37% in Q1 of 2021-22 compared to Q1 of 2019-20

India’s Exports Performance Vis-a-vis Major Economies in April 2021

India showcased robust export performance in April 2020 compared to major economies of the world. As compared to April 2019, India’s exports growth during April 2021 was higher than other major advanced economies like European Union, Japan, USA, Republic of Korea & United Kingdom

Record FDI Inflows

India received the highest ever FDI inflow in 2020-21 of USD 81.72 billion. This is higher by 10% compared to USD 74.39 billion achieved in 2019-20. The positive momentum continues with FDI inflow of USD 6.24 billion during April 2021, which is 38% higher than April 2020.

Startup India

Number of startups recognised by DPIIT has crossed 50,000 and is spread across 623 districts in India. With these startups nearly 1.8 lakh formal jobs have been created by 16,000+ recognised startups in 2020-21. Several times more have benefited from the Startup ecosystem.

Reducing Compliance Burden

To improve the ease of doing business and reduce the compliance burden 6,426 compliances have been reduced in Phase-I. 3,177 compliances are being been reduced in Phase II. The timeline for Phase I was 31st March 2021 & Phase II is 15th August 2021.

Investment Clearance Cell

The National Single Window System is a one-stop digital platform to obtain clearances & approvals. In the phase-1 of integration,  43 Depts/Ministries & 14 States Single Window Systems are being on-boarded. The pre-launch version is undergoing extensive testing and we are gearing up for a soft launch.

The Hon’ble Minister concluded by saying that the world sees India as the trusted and reliable partner, and has more confidence in India’s capability to provide quality products and services on time. With the goods and services gaining momentum, a large number of employment opportunities will be generated, the economy will strengthen, revenues will increase, and the government will be able to help the disadvantaged sections in a more substantive manner.

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YB/SS

PM lauds Uttar Pradesh’s efforts to increase investment and improving ease of doing business

The Prime Minister, Shri Narendra Modi has lauded  Uttar Pradesh’s efforts to increase investment and improving the ease of doing business in last four years.  

Commenting on a tweet by the office of Uttar Pradesh Chief Minister,  the Prime Minister underlined the fact that rural areas and small towns are also witnessing these achievements.

उत्तर प्रदेश ने पिछले चार वर्षों के दौरान निवेश बढ़ाने और ‘Ease of Doing Business’ को सुधारने में उल्लेखनीय प्रयास किए हैं। गौर करने वाली बात यह है कि छोटे शहर और ग्रामीण इलाके भी इन उपलब्धियों के साक्षी बन रहे हैं। https://t.co/FR4n7zTuCd— Narendra Modi (@narendramodi) July 2, 2021

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PMO office

DS/AK 

Six technology innovation platforms launched for development of technologies for globally competitive manufacturing in India.

Six technology innovation platforms launched for development of technologies for globally competitive manufacturing in India.


Innovation in high-end technology creates wealth for the country, we must innovate for our needs and lead India towards an ‘AatmaNirbhar Bharat’: Shri Prakash Javadekar

Minister of Heavy Industries and Public Enterprises Shri Prakash Javadekar today inaugurated (through virtual mode) six Technology Innovation Platforms which will focus on development of technologies for the globally competitive manufacturing in India.

Launched 6 technology innovation platforms that will help derive India-specific solutions in the capital goods sector.
Innovation in high-end technology creates wealth for the Country. PM @narendramodi Ji has a vision and mission for enhanced investment in research & innovation. pic.twitter.com/pM9eAHwgtJ— Prakash Javadekar (@PrakashJavdekar) July 2, 2021

Shri Javadekar said that these platforms are the gift to the nation during the celebration of AzadikaAmrutMahotsav-Celebration of 75 Years of Independence’ and will help in bringing all India’s technical resources and the concerned Industry on to one platform to kick start and facilitate identification of technology problems faced by Indian Industry and crowd source solutions for the same.

The Minister further stated that this will facilitate the development of the key ‘mother’ manufacturing technologies’ indigenously through ‘Grand Challenges’ on the Platforms to help achieve the vision of an Aatmanirbhar Bharat and a globally competitive manufacturing sector in India.

A nation that innovates progresses and prospers. The technology innovation platforms launched today will further boost an #AatmaNirbharBharat in technology solutions and will drive India to emerge as a Technology and Innovation Hub of the World. pic.twitter.com/WpVExaHXG9— Prakash Javadekar (@PrakashJavdekar) July 2, 2021

The Six Technology Platforms have been developed by IIT Madras,Central Manufacturing Technology Institute (CMTI), International Centre for Automotive Technology(iCAT), Automotive Research Association of India(ARAI),BHEL and HMT in association with IIScBanglore. These platforms will focus on development of technologies for the globally competitive manufacturing in India.

These platforms will facilitate industry (including OEMs, Tier 1 Tier 2 & Tier 3 companies & Raw Material Manufacturers), start-ups, domain experts/professionals, R&D institutions and academia (colleges & universities), to provide technology solutions, suggestions, expert opinions etc. on issues involving manufacturing technologies. Further, it will facilitate exchange of knowledge with respect to research & development and other technological aspects. Over 39000 Students, Experts, Institutes, Industries and labs have already registered on these platforms.

Following are the links to register on the six Technology Platforms:

  1. https://aspire.icat.in
  2. https://sanrachna.bhel.in/
  3. https://technovuus.araiindia.com/
  4. https://techport.hmtmachinetools.com
  5. https://kite.iitm.ac.in/
  6. https://drishti.cmti.res.in/

Ministry of Heavy Industries & Public Enterprises Press Release dated 02 July 2021

GK

Shri Piyush Goyal reviews Critical Infrastructure Projects under PMG Facilitation

Minister of Commerce & Industry, Railways and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal chaired a meeting for the review of 20 large-scale infrastructure projects with issues enlisted for resolution, with the Project Monitoring Group on the 29th of June, 2021. Shri Som Prakash, Minister of State for Commerce and Industry, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Chief Secretaries of Governments of Bihar, Haryana and Tamil Nadu, and Additional Chief Secretary, Industries of Government of Maharashtra participated through Video Conference. Senior officials of key Central Ministries including Railways, Petroleum and Natural Gas, Road Transport and Highways, Environment, Forest and Climate Change were also present to discuss issues affecting the progress of work and timely completion of these critical projects.

The Minister of Commerce and Industry reviewed 59 issues in 20 critical infrastructure projects with anticipated investment value of nearly ₹2.7 lakh crores. This includes 11 projects previously reviewed under PRAGATI by the Hon’ble Prime Minister.

Among the projects reviewed, a few notable names are as follows:

  • Dedicated Freight Corridors along eastern and western routes will augment capacity of rail freight transportation and establish industrial zones at junction points
  • Amritsar Kolkata Industrial Corridor traverses through 7 States and facilitate development of industrial manufacturing in the influence region of Eastern Dedicated Freight Corridor

Shri Goyal issued directions and timelines to ensure expeditious resolution of pending issues for timely commissioning of projects. The Minister also emphasized the importance of regular multi-level monitoring of infrastructure projects that are critical to the economic growth and employment generation in the country.

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Ministry of Commerce & Industry Press Release dated 02 July 2021

YB/SS