Achint Goel’s Post

The State of Rajasthan is situated between located in the northwestern part of the Indian subcontinent. It is bounded to the states of Punjab and Haryana in the north, Uttar Pradesh to the east and Gujarat to the south.  Read the article to learn more about invest in India. https://lnkd.in/ex8YuTCY --- A company of DP Group #investinindia #indianinvestment #india #dandreapartners

TERI-IIT(ISM), Dhanbad Seminar Just Transition: Future of Coal & Pathways to Low Carbon Footprint ☘ Thematic Session I: Repurposing of Closed Mines and Diversification of the Local Economy The first thematic session of the one-day seminar "Just Transition: Future of Coal and Pathways to Low Carbon Footprint", jointly convened by TERI - The Energy and Resources Institute and Indian Institute of Technology (Indian School of Mines), Dhanbad will focus on the repurposing of closed mines and the diversification of the local economy. 🔎Regions bearing coal face socio-economic challenges tied to the coal sector, impacting livelihoods, infrastructure, the environment, state revenues, and overall quality of life. Repurposing coal mine assets offers an opportunity for local communities to embrace a broader choice of income-earning potential, which would increase the resilience of the local community and build a sustainable economy in coal mining regions. Panel Discussion: 🎙 Moderator: Mr. A K Saxena, Senior Director, TERI Panellists: ⭐Professor RAM MADHAB BHATTACHARJEE, Department of Mining Engineering, IIT (ISM) Dhanbad ⭐Mr.Ramapati Kumar, CEO, Centre for Environment and Energy Development (CEED) ⭐Dr.Palash Bhusan Chatterjee, Joint Director, Centre for World Solidarity ⭐Mr.Vinod V.K. Pandey Ranchi, (Environment), CMPDI (HQ) Join our distinguished panellists as they share insights, experiences, and innovative approaches to repurposing closed mines and fostering economic diversification. This session aims to pave the way for sustainable development, ensuring a just transition for coal-bearing regions. Registration link: https://lnkd.in/g3gUAHim #JustTransitionSeminar #SustainableDevelopment #EconomicDiversification #CoalRepurposing #CommunityEmpowerment #GreenEconomy

🌟 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝗢𝗱𝗶𝘀𝗵𝗮, 𝗜𝗻𝗱𝗶𝗮: 𝗔 𝗣𝗿𝗶𝗺𝗲𝗿 𝗳𝗼𝗿 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮𝗻 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 🌟 🔍 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗢𝗱𝗶𝘀𝗵𝗮: Odisha is a coastal state situated in the eastern part of India with a wealth of investment opportunities spanning diverse sectors. 🌊 𝗚𝗮𝘁𝗲𝘄𝗮𝘆 𝘁𝗼 𝗔𝗦𝗘𝗔𝗡: For Australian businesses and investors, Odisha presents a strategic location as a gateway to the ASEAN region, facilitated by its well-connected coastline and the Paradip port, eastern India's largest port. 🏭 𝗧𝗵𝗿𝗶𝘃𝗶𝗻𝗴 𝗦𝗲𝗰𝘁𝗼𝗿𝘀 𝗔𝘄𝗮𝗶𝘁: From mineral-rich reserves to burgeoning tech hubs, Odisha's economy offers a tapestry of sectors ripe for investment: ✅ 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗦𝗲𝗰𝘁𝗼𝗿: Odisha leads India in mineral production, fostering potential for downstream metal industries. ✅ 𝗙𝗼𝗼𝗱 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴: Odisha presents lucrative investment prospects and incentives in poultry, dairy, and processing. ✅ 𝗦𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴: Odisha's 2023 policy offers tailored incentives to attract semiconductor investments. ✅ 𝗧𝗲𝘅𝘁𝗶𝗹𝗲 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻: Odisha incentivizes growth in the textile sector, serving as an eastern India hub. ✅ 𝗜𝗧 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: Odisha's IT sector offers competitive incentives and focuses on AI and cloud computing. Odisha's strategic industrial policies and streamlined investment facilitation cells promise a seamless journey for investors, marking its emergence as a leading industrial hub in Eastern India. 🚀 Take Action Today| 📞 Contact Us: Reach out to our dedicated team for personalized guidance and assistance in navigating Odisha's dynamic investment landscape: https://lnkd.in/dz3bEcAS 🌐 Learn More: https://lnkd.in/gmSGM9ci

New study on regional economic impact of coal in India! We know that coal companies tend to be very important actors in markets where mines are located. But how far (geographically) does its influence spread? We fielded a survey in Jharkhand, India, around coal mines to measure the economic footprint of mines. And we find that coal employment is highest within a 5km radius around mines. Once you go farther away, the *direct* footprint of coal declines very rapidly. However, coal remains *indirectly* important within ~10km, mostly as a source of induced jobs and income. There is little doubt that coal remains a major economic and political players. But its influence on labor markets might be quite localized. Important implications for regional growth and job creation programs. Joint with Setu Pelz, Alexandra Krumm, Vagisha Nandan, and Johannes Urpelainen.

India is the world's largest importer of processed #lithium, having brought in a staggering $1.8 billion worth of lithium-ion batteries in 2022 alone.   The rapid expansion of the #electricvehicle (EV) market in India has led to a surge in battery demand. From 2020 to 2021, sales of high-speed two-wheelers alone skyrocketed by 425%.   However, despite advances in #batterymanufacturing, our supply chain is still heavily reliant on imports from China, Japan, and South Korea.   India is taking significant strides to address this challenge. Initiatives like the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) batteries and recent lithium exploration projects in Jammu and Kashmir, Karnataka, Rajasthan, and Jharkhand show promise for developing a local value chain.   At Regain Energies Solutions Private Limited we recognize the urgency of reducing our dependency on imported lithium. Our focus is on recycling end-of-life lithium-ion batteries to secure a local supply of essential materials. By transforming battery waste into valuable resources, we not only mitigate the need for new mining but also reduce #environmental impacts and strengthen our local supply chain.

𝙀𝙭𝙥𝙡𝙤𝙧𝙞𝙣𝙜 𝙡𝙞𝙩𝙝𝙞𝙪𝙢 𝙧𝙚𝙨𝙚𝙧𝙫𝙚𝙨 𝙞𝙣 𝙆𝙖𝙨𝙝𝙢𝙞𝙧 𝙖𝙣𝙙 𝙠𝙪𝙩𝙘𝙝: 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙛𝙤𝙧 𝘾𝙝𝙖𝙧𝙩𝙚𝙧𝙚𝙙 𝘼𝙘𝙘𝙤𝙪𝙣𝙩𝙖𝙣𝙩𝙨 In recent years, the discovery of lithium reserves in Kashmir and Kutch has sparked interest and excitement in both the scientific and economic communities. Lithium, a crucial element in the production of batteries for electric vehicles and renewable energy storage, is in high demand globally. The presence of lithium reserves in Kashmir and Kutch holds immense economic promise for India. With the world's focus shifting towards sustainable energy solutions, the demand for lithium-ion batteries is expected to soar. This presents a golden opportunity for India to reduce its dependency on imported lithium and establish itself as a key player in the lithium value chain. Moreover, the burgeoning lithium industry in Kashmir and Kutch is likely to attract foreign investments and partnerships. Chartered accountants proficient in international accounting standards and cross-border transactions will be in high demand to facilitate these collaborations and ensure regulatory compliance. Chartered accountants can play a crucial role in navigating these challenges by advocating for transparent financial practices and adherence to ethical standards. The discovery of lithium reserves in Kashmir and Kutch marks a significant milestone in India's journey towards energy security and sustainable development. As the lithium industry gains momentum, chartered accountants have a unique opportunity to contribute their expertise and drive positive economic and social change. By leveraging their financial acumen and ethical principles, CAs can play a vital role in shaping the future of India's lithium sector and cementing its position in the global market. #opportunities #ca #lithium

Team Kautilya present daily Financial and Economic News Ports, Shipping and Waterways Ministry approves Rs 46.47 lakh dredged sediment reuse project The project has been sanctioned at an estimated cost of Rs 46,47,380. It can be a sustainable solution to reduce the strain on natural resources and eliminate waste. Source - https://shorturl.at/ZPPwJ Inflation is highest in Odisha at 7.22% followed by Bihar and Karnataka: SBI research The Index of Industrial Production (IIP) surged to a seven-month high of 5.9% in May, reflecting robust growth in mining, manufacturing, and electricity production. Source - https://shorturl.at/dN1NT Govt mulls handing over MTNL operations to BSNL; merger unlikely The government is considering an agreement to transfer the operations of MTNL to BSNL instead of pursuing a merger, according to a source familiar with the matter. Source - https://shorturl.at/SKQjs Team Kautilya Website- www.kautilyaibsmumbai.com Instagram – https://lnkd.in/dWeJnbF4 Blog - https://lnkd.in/drBpzWEK LinkedIn - https://lnkd.in/dHXaDuNz YouTube - https://lnkd.in/draUvtAE

#Rights | Across 10 villages in the coal-dependent districts of Jharkhand and Chhattisgarh, the global language for just transitions falters. The idea of using economic diversification, alternative jobs, retraining, and reskilling loses its shine. In most parts of the world, the conversation revolves around creating substitute livelihood options for those affected by the phasing out of fossil fuels. However, in Hazaribagh, Korba, Raigarh, and Ramgarh, locals are preoccupied with land: its loss to mining, their fight to retain it, and their dream to regain it. Those living in the shadow of the coal-mining sector say that they don’t trust jobs as only a few of them are formally or consistently engaged with the coal economy. This is one of the reasons that keeps them focused on issues of land ownership. This article by Saloni Meghani, Debojit Dutta, and Dr. Kumari Rohini amplifies the voices of villagers from the coal mining districts of Chhattisgarh and Jharkhand, who explain why the just transition plan in India should focus on giving the land back to the locals. https://lnkd.in/dMQKmHcK

Why Bihar is not Industrially developed like Maharashtra, Karnataka and Tamil Nadu? How the center at the time of Independence weaken the Bihar. What is Freight Equalization Policy, which changed the resources of bihar useless for it. How migration started in Bihar? At the time of Independence, the condition of every Indian states more or less was equal. Bihar had edge over other states - the vast mineral resources. Then what goes wrong with it. Why bihar is now lagging behind? Freight Equalisation Policy(FEP). Freight Equalisation Policy was a policy implemented by the Indian government from 1952 to 1993 to subsidize the transportation of minerals. Freight Equalisation Policy fixed the rate of Minerals. Basic raw materials like coal and iron ore were available at the same price throughout the country. FEP allowed industrialist to build factories anywhere in India where they wanted because the rate of raw materials was same in every pert of country. And this became the bane for Bihar. Every industrialist started the extracting minerals from Bihar and transporting it to other states. No one had set up the factories in Bihar, so people started to migrate other states in search of work. This is how brain drain of Bihar started. States with abundant mineral resources, such as Bihar Jharkhand, Odisha, and Chhattisgarh, were adversely affected. The FEP made the underutilization of resources in these states. Recognizing the negative impacts of FEP, the government abolished the Freight Equalisation Policy in 1993. The FEP acted as a catalyst for industrial development in states like Maharashtra and Tamil Nadu, while simultaneously hindering the growth potential of resource-rich states like Bihar. This policy exacerbated regional disparities in India. It is important to note that while the FEP has been abolished, the legacy of its impact continues to influence the economic landscape of Bihar. Bihar has been making concerted efforts to overcome its industrial backwardness, but the path to catching up with more developed states remains challenging. #bihar #development #mineral #india #growth #industry #policy #tax

India ranks among the top 10 largest oil-consuming countries in the world. About 30% of India's total energy consumption is met by oil. Although India consumes around 2.2 million barrels of oil per day, the production is only about 0.8 million barrels per day. Oil exploration is important in India for several reasons, including:    Energy security India is a net exporter of petroleum products, but it still imports 82.8% of its crude oil and 45.3% of its natural gas. Oil exploration can help India reduce its dependence on imports and achieve energy security.    Economic impact Oil is a strategic sector with a strong multiplier effect on the economy. Oil and gas exploration can lead to increased government revenues in the long term.    Production Enhanced Oil Recovery methods can help extract crude oil from oil fields that would otherwise be inaccessible.    Chemical products Oil is used to make many everyday products including plastics, fertilizers, detergents, paints, medicines etc. India's oil exploration journey, which began in Assam’s dense jungles in the 19th century, has evolved into a major industry. From early discoveries marked by oil stains on logging elephants’s feet to the first commercial success in Digboi in 1890, which produced 200 gallons per day, India has come a long way. Today, India produces approximately 29.4 million metric tons of crude oil and over 36 billion cubic meters of natural gas. By 2026, India aims to increase this to 45.3 BCM, moving towards energy self-sufficiency. Follow: Panchumarthi Lakshmi Bheemesh