News Analysis India

Tag: Factory

  • Strict warning for factory owners, registration will be canceled if unified annual return is not presented

    Registration of factories not submitting integrated annual return will be canceled. The Integrated Annual Return Scheme Notification has been implemented by the Chhattisgarh Government, Department of Labor, with a view to simplifying compliance with the Labor Acts and improving the labor inspection system under the Business Reform Action Plan by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India. In this scheme, according to the rules made under various Labor Acts, a provision has been made to upload the integrated annual return in the labor department portal online by June 30 every year in lieu of annual returns filed by a factory / establishment in various forms. . On review of the said scheme, the unified annual return has not been uploaded on the portal of Labor Department within the stipulated time period by the negligible factories and establishments, giving them an opportunity again in case of not uploading the unified annual return within 15 days. Action will be taken to cancel the license / registration of the establishments.

  • India is offering financial incentives to Samsung for setting up display factory

    India’s one of the largest states, Uttar Pradesh, has confirmed that it will be providing financial incentives to the South Korean giant Samsung Electronics to set up a display factory in the region, which is expected to cost about $655 million.

    In a statement given to the media, the state of Uttar Pradesh has claimed that the company is moving its factory from China to India. This is being viewed as a move that will help boost the Make in India initiative that aims to project India as a manufacturing hub.

    Samsung will be getting 7 billion rupees in financial benefits for setting up the display plant. On top of that, the state government has also confirmed that the company will get an exemption from a tax payable on the transfer of land for the factory.

    The unit is expected to be operational from next year, but the exact timeline is not yet known. Once the factory starts operations, it is expected to create 510 direct jobs. It’s noteworthy that Samsung already has the world’s largest mobile phone manufacturing plant in Uttar Pradesh, India.

  • Fierce fire in a factory in Bhilai’s industrial area in Chhattisgarh

    A fire broke out in a company in the cantonment area of ​​Bhilai. The company that is on fire is being described as a chemical company. The black smoke of the fire is visible from five kilometers away. The fire brigade team has reached the spot and the work of extinguishing the fire has been started. The company is being named Utkal Hydro Carbons.

    Police said there was a fire in the tabletting section, where asphalt tablets are made. The company was on fire around one o’clock. During that time, employees were working in the company. The cause of the fire is not yet known.

    There was also a blast in three drums around 2.15 pm, it is being told that there was chemical in them. A large crowd of people reached the spot after the incident. The Jamul police station has reached the spot to control them. At the same time, no casualty has been reported.

  • Rae Bareli rail coach factory was underutilised before 2014: PM Modi

    Prime Minister Narendra Modi on Wednesday said earlier governments did not make the most of India’s potential and cited the rail coach factory in Congress president Sonia Gandhi’s Rae Bareli Lok Sabha constituency as an example.

    Asserting that “positive mindset and approach are needed to change things,” he laid stress on realising “our full potential to ensure development of the nation”.The Prime Minister was speaking at the centennial foundation day of Lucknow University via video link on Wednesday.

    “For long, it has been a problem that we have not utilised our potential to the full. In the past, it was also true for the governance of our country. We have tried to change this after coming to power,” he said.

    “The rail coach factory in Rae Bareli is an example of how we can change things by changing our outlook. The factory was set up many years ago and had all the machinery to make train coaches, yet only denting-painting (maintenance) was done there. Tall promises were made for the factory, but nothing changed. When we came to power in 2014, we looked into the affairs and, within six months, the factory started making rail coaches. It is now one of the biggest coach manufacturers in the country,” he said.The PM also cited urea production in the country to underline his point.

    “I was surprised to know that despite having sufficient urea plants, the country was importing urea only because our plants were not working to their full potential. The previous governments had not done much to change this. When we came to power, we made changes, and now the country has become self-reliant in urea,” he said.

    Will power and good intentions were equally important as capabilities, he said.He also spoke about his experience of popularising khadi with the help of students in Gujarat through a fashion show at Porbandar on Gandhi Jayanti in 2002.This made khadi “fashionable”, he said, adding that the quantity of khadi sold in the last six years was more than that sold in 20 years before 2014.