| | JUNE 20268India will permit the import of up to 3.78 lakh convention-al-engine passenger vehicles from the UK at reduced customs duties during the first 15 years of the IndiaUK Comprehensive Economic and Trade Agreement (CETA), which takes effect on July 15. Under the pact, tariffs on im-ported cars will be cut from around 110 percent to 10 percent, subject to quota limits agreed by both countries.Annual import quota for conventional-engine passenger vehicles will gradually rise and reach 37,000 units across speci-fied categories by the fifth year. Customs duties will be reduced to 10 percent by then and remain unchanged thereafter. The agree-ment is expected to support Indian automakers by ensuring a regulat-ed framework for vehicle imports and market stability. India has implemented a standardized timeline for power transmission projects to improve the alignment of grid expansion with generation and distribution systems, as the nation aims to accelerate the GEON, the advanced technologies division of Kabra Extrusiontechnik Ltd, has successfully integrated and commissioned a 2.88 GWh battery energy storage system (BESS) at Khavda within five months. The project, among India's largest utility-scale BESS installations, is now fully opera-tional.The installation supports the growing renewable energy ecosystem at Khavda, which is emerging as a major clean ener-gy hub in the country. GEON's scope of work included system integration, deployment, testing, and commissioning, covering power conditioning systems, transformers, and advanced energy management systems. The achievement demonstrates effective planning, efficient execution, and close coordina-tion between engineering and on-site teams. It also underscores GEON's capability to deliver large-scale energy storage projects with speed, precision, reliability, and quality standards for the renewable energy sector. DS Group has announced plans to bring Marriott International's W Hotels brand to Delhi NCR, marking the brand's debut in the region and its second property in India after Goa. The company will in-vest around Rs.400 crore in the project, featuring 200 rooms and is scheduled to open in the second half of 2027.Located near Indira Gandhi International Airport and adja-cent to Delhi's Aerocity hospi-tality district, the hotel aims to cater to growing demand for premium accommodation among business and leisure travellers. The property will operate under Marriott's life-style-focused W Hotels brand, known for its presence in major global markets. It is expected to offer signature social and dining spaces that reflect the brand's distinctive hospitality experience and appeal. INDIA BOOSTS POWER TRANSMISSION PROJECTS WITH SET DEADLINESESSAR POWER, ARHAM GET NOD FOR SETTING UP SEZS IN GUJARATGEON UNVEILS BATTERY ENERGY STORAGE SYSTEM AT KHAVDA, GUJARATDS GROUP TO BRING MARRIOTT'S W HOTELS BRAND TO DELHI NCRINDIA-UK TRADE PACT ALLOWS 3.78 LAKH CAR IMPORTS AT LOWER DUTYNEWSROOM Gujarat is set to establish two new special economic zones (SEZs) that could gener-ate more than Rs.27,600 crore in exports and create nearly 10,000 jobs over the next five years. Essar Power Ltd and Arham SEZ (I) Pvt Ltd have received in-principle approvals for projects in Devbhumi Dwarka and Kutch districts.Essar Power will develop a multi-sector SEZ across 56.65 hect-ares at Kajurda village in Devbhu-mi Dwarka, with an initial invest-ment of Rs.50 crore. The company expects exports worth around Rs.17,629 crore and the creation of about 894 direct and indirect jobs within five years. The propos-als build on Gujarat's strong SEZ ecosystem, though growth trends have varied across industries. The projects are expected to strengthen regional economic development further.
<
Page 7 |
Page 9 >