Biz Updates: Preparation to provide six crore jobs in the textile sector by 2030; courier service to be costlier by 7% from January
New Delhi| The government has prepared a road map to create 4.5 to 6 crore jobs by 2030 in the textile sector. Union Minister Giriraj Singh said, the size of this sector is $165 billion. There is an effort to take it to $350 billion. The 100-day road map that we have prepared could bring in millions of crores of rupees of investment. An investment of 70,000 crore will come when the first approved seven PM-Mitra integrated mega textile parks are fully operational, the Union Minister said at an event on Friday. This will create 2.1 million jobs. To reach the size of $350 billion, we need man-made clothing. The government has set a target of achieving $100 billion in exports for textile products by 2030.
Courier service may become costlier by seven percent from the new year. From January, courier fares in India will become costlier by an average of 6.9 per cent, logistics service provider DHL Express said on Friday. This decision has been taken in view of inflation at the global level.
Due to lack of good response in the first phase, the government will again come up with a Production Linked Incentive (PLI) scheme for special steel. Work on this is going on. Steel Secretary Sandeep Paudrick said, special steel is still an area where more work is needed. The government brought PLI to encourage this, but did not get the response as expected.
Majda will recall 77,670 vehicles due to a breakdown in the US market. The company said that there has been a fault in the software of the vehicles due to which the front airbag may be affected. Among the vehicles that have been recalled are the MX 5, among others. It is built between 2016 and 2023.
Stock market broking company Angel One has settled the matter with SEBI by paying Rs 21.64 lakh in front running case. Angel One had filed an appeal with SEBI on 15 May. SEBI reported, Angel One was investigated between January, 2021 and October, 2022. The company was paying orders in equity (cash) of NSE to big customers including Bharat Kanaiyalal Sheth Family Trust. After this SEBI had issued a show cause notice.
