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Union Minister for Road Transport and Highways, Nitin Gadkari, has emphasized that advancements in battery technology are crucial for India's transition to sustainable transport, aiming for the country to become the world leader in electric vehicle (EV) production by 2030. Speaking at the launch of an eco-friendly electric cycle in Thane, Gadkari highlighted the significant reduction in lithium-ion battery costs, which have dropped from $150 to $100 per kilowatt, making EVs more affordable. He noted that the transport sector is a major contributor to pollution, necessitating a shift from fossil fuels to alternative energy sources. Gadkari also discussed the potential of biofuels, particularly from agricultural waste, to enhance rural incomes and reduce pollution. He called for promoting cycling infrastructure to support sustainable urban transport, asserting that India's commitment to green technologies positions it as a key player in the global transition to eco-friendly transportation solutions. 
Published: Apr 01 2025, 9 ameznews.inDisruptions in global trade anticipated from US President Donald Trump's upcoming "Liberation Day" reciprocal tariff announcements may present opportunities for Indian exporters, according to sources. India is reportedly preparing a measured response, aiming to negotiate a beneficial bilateral trade agreement (BTA) with the US, which could include prioritizing tariff cuts on certain agricultural products. During a recent internal meeting, Indian officials decided to avoid "knee-jerk reactions" and instead focus on a strategic approach to address the US's trade deficit concerns. Trump hinted at India's willingness to reduce tariffs, raising hopes that he may defer imposing reciprocal tariffs. While some Indian sectors, including textiles and pharmaceuticals, could face challenges if tariffs are enacted, the potential for a level playing field may allow India to negotiate advantageous terms. In FY24, India exported $77.51 billion worth of goods to the US, resulting in a significant trade imbalance.
Published: Apr 02 2025, 9 pmeznews.inEmirates Airlines has announced the launch of its new express courier service, Emirates Courier Express, which will initially operate in seven countries, including the UAE, Saudi Arabia, Bahrain, Kuwait, Oman, South Africa, and the UK, with plans to expand to India in the future. This initiative capitalizes on the airline's extensive fleet of over 250 aircraft and aims to meet the growing demand for e-commerce, projected to account for a third of global air cargo volume by 2027. The service will feature a cross-border network to facilitate customs clearance and manage transportation logistics. Emirates emphasized that the integration of this service into its existing infrastructure will allow for flexibility in handling seasonal demand while providing tailored solutions for various cargo types, from fashion items to critical medical equipment. However, industry analysts caution that competing with established players like FedEx and DHL will require strong partnerships on the ground.
Published: Apr 02 2025, 9 pmeznews.inThe National Highway Authority of India (NHAI) has exceeded its construction target for national highways in the fiscal year 2024-25, building 5,614 km against a goal of 5,150 km, marking a nine percent increase. The Ministry of Road Transport and Highways reported that NHAI's capital expenditure reached a record ₹2,50,000 crore, surpassing its target of ₹2,40,000 crore and reflecting a 21 percent rise from the previous fiscal year. This significant investment, which includes both government support and NHAI's own resources, is part of a broader strategy to enhance infrastructure. Additionally, NHAI successfully monetised assets worth ₹28,724 crore, utilizing methods such as Toll Operate Transfer, Infrastructure Investment Trusts, and Toll Securitisation, with the highest single round InvIT receipt amounting to ₹17,738 crore.
Published: Apr 02 2025, 9 pmeznews.inBharat Forge Ltd has inaugurated a new 300,000 sq. ft. defence manufacturing plant in Jejuri, near Pune, aimed at bolstering India's artillery production and meeting global demand for defence equipment. Chairman Baba Kalyani highlighted the growing opportunities in the defence export market, with aspirations to supply to the US, French, and British armies. The facility, part of Kalyani Strategic Systems Ltd, will focus on producing Advanced Towed Artillery Gun Systems (ATAGS) and protected vehicles, with a goal to become the largest artillery producer by 2030. Kalyani noted that last year, 90% of the company's sales were from exports, a figure expected to remain high this year. The plant is strategically located for efficient logistics and is designed to support India's self-reliance in defence production under the 'Aatmanirbhar Bharat' initiative, reinforcing the country's commitment to modernising its military capabilities.
Published: Apr 02 2025, 8 pmeznews.inIn a bid to enhance self-sufficiency in mining equipment, India's Coal Secretary Vikram Dev Dutt announced on April 2, 2025, that the government is collaborating with Coal India Limited (CIL) to incentivise local manufacturers. Dutt highlighted the current reliance on imports for heavy mining machinery, despite some existing domestic capabilities. Speaking at the International Mining Equipment & Minerals Exhibition (IME) 2025, he emphasized the government's commitment to indigenisation, which aligns with the broader Make In India initiative. CIL, responsible for 80% of the nation's coal production, currently imports various high-capacity equipment, including electric shovels and dumpers. Additionally, efforts are underway to blend domestic coal with imported coal in thermal plants to reduce import dependence, with the Central Electricity Authority conducting a technical evaluation to determine the feasibility of this approach.
Published: Apr 02 2025, 8 pmeznews.inIn a significant boost for farmers in Warangal, the Chapata chilli, also known as tomato chilli, has been awarded the Geographical Indication (GI) tag, promising additional income for approximately 20,000 local growers. This unique chilli, celebrated for its vibrant red hue and mild flavor, is particularly sought after by pickle manufacturers and serves as a natural coloring agent, replacing synthetic dyes. Cultivated over 3,000 hectares in Warangal and surrounding districts, the crop yields around 11,000 tonnes annually. The GI recognition was confirmed by the Government of India to the Thimmampet Chilli Farmer Producer Company and Sri Konda Laxman Telangana Horticultural University. With rising global demand for natural pigments, particularly in the US, UK, and Europe, experts suggest that expanding cultivation could further capitalize on the growing market for oleoresins, which are used across various industries, including food, cosmetics, and textiles.
Published: Apr 02 2025, 7 pmeznews.inParag Milk Foods has unveiled a range of high-protein, nutrient-rich products aimed at health-conscious consumers, reinforcing its status as a leader in premium dairy nutrition. The new offerings, launched under its Pride of Cows brand, include low-fat paneer, Greek yogurt, and high-protein Bocconcini, while the Gowardhan brand features crunchy chikki. Additionally, the Avvatar India brand has introduced chocolate and coffee wafers specifically designed for fitness enthusiasts. Executive Director Akshali Shah emphasized the growing importance of protein in Indian diets, stating that the company is dedicated to providing high-quality dairy solutions that meet this demand. With a focus on innovation and traceability, Parag Milk Foods aims to support healthier lifestyles through its diverse product range, which is available through e-commerce and retail channels. The strategic expansion reflects the company's commitment to quality and consumer wellness in a rapidly evolving market.
Published: Apr 02 2025, 7 pmeznews.inAirlines in India are raising concerns over the misuse of wheelchair assistance services, with reports indicating that some physically fit passengers are exploiting these facilities to bypass long queues. The Directorate General of Civil Aviation (DGCA) has scheduled a meeting with domestic carriers to address the issue, which has become increasingly pressing due to a rise in elderly and disabled travelers. Industry insiders revealed that requests for wheelchair services, particularly from the 'Kerbside to Stairs or Ramp,' have surged, with Air India reporting 89 requests for a single Delhi-Newark flight. IndiGo and Air India collectively provide over 270,000 complimentary wheelchair services monthly, but high demand often leads to delays, risking fines and reputational damage for airlines. The DGCA aims to establish standardized guidelines for wheelchair assistance to improve service reliability and address the growing backlash from passengers and disability rights advocates over long wait times.
Published: Apr 02 2025, 7 pmeznews.inIn a significant move towards self-reliance in marine engine development, India's Ministry of Defence (MoD) has approved a project for the indigenous design and development of a 6MW medium-speed marine diesel engine, aimed at reducing reliance on foreign imports for the Indian Navy's propulsion systems. The deal, signed with Kirloskar Oil Engines Ltd for ₹270 crore, includes over 50% indigenous content, with the government covering 70% of the funding. The project also encompasses the design of 3-10MW diesel engines for naval and Coast Guard vessels. This initiative aligns with Prime Minister Narendra Modi's vision of Aatmanirbharta (self-sufficiency) in defence, enhancing indigenous capabilities, saving foreign exchange, and fostering a robust defence industrial ecosystem. The Navy is currently transitioning from steam to diesel propulsion, with ongoing upgrades to its fleet, including the Brahmaputra Class frigate INS Beas. As of March 2025, 145 projects have been initiated under the 'Make in India' initiative, bolstering domestic defence production.
Published: Apr 02 2025, 6 pmeznews.inCochin Port has reported a 4% increase in cargo traffic for the fiscal year 2024-25, achieving a throughput of 37.75 million tonnes, up from 36.32 million tonnes the previous year. This growth continues a trend since 2020-21, with a compound annual growth rate (CAGR) of 5.04%. The port welcomed 1,265 commercial vessels, with an average parcel size rising by 3.81% to 29,839 tonnes. Liquid bulk cargo dominated, accounting for 66% of total traffic, with crude oil making up 17.26 million tonnes. Notably, LPG offtake surged from 134,000 tonnes to 364,000 tonnes. The port also handled 1.38 million tonnes of dry and break bulk cargo, bolstered by a 10.67% increase in cement handling due to heightened civil construction. Additionally, vessel turnaround time improved by 3%, averaging 20 hours, reflecting enhanced operational efficiency amid competitive pressures.
Published: Apr 02 2025, 6 pm
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