Anant Geete

"Right now we are importing 100 percent lithium-ion batteries, but efforts are on towards manufacturing them in India within the next one year," Geete said, adding that talks are on between BHEL and an American firm to form a joint venture for domestic manufacturing of lithium-ion batteries.

PM Modi to launch 2nd phase of FAME India scheme on September 7: Anant Geete

Last week, citing official sources that the prime minister would launch FAME II offering incentives for mass adoption of electric vehicles with an outlay of Rs 5,500 crore on September 7.

Finance ministry has cleared 'sizeable amount' as provision for FAME II: Anant Geete

The minister for Heavy Industries and Public Sector Enterprises said about 300 charging stations have been established till now for electric vehicles.

Made in India Li-Ion batteries soon: Anant Geete

The minister said steps have already been taken up by the government to start manufacturing of lithium-ion batteries in India.

No time-frame decided on all electric car fleet in India: Anant Geete

The minister said the government wants to encourage adoption of electric mobility by changing people's mindsets and cooperation of the automobile industry.

Consultant hired for auto policy, focus on clean tech: Anant Geete

The Department of Heavy Industry is taking the initiative towards formulation of the auto policy, but it is at an early stage and discussion with the industry is yet to start, the minister told PTI.

No undue insistence by govt on dividend payout by PSUs: Anant Geete

Recent reports suggested that the finance ministry had demanded a dividend payout between 30 per cent and 100 per cent from 12 of the state-owned firms from their 2016-17 or 2017-18 net profit, share buybacks or bonus shares.

NITI Aayog favours ‘National Council for Electric Mobility’ for e-vehicle push

If the proposal gets the ministry’s nod, India might have an “Electric Mobility Board” under an appropriate authority

Heavy Industries Minister Anant Geete urges Arun Jaitley for rethink on auto GST

"With all the applications that I have received from the automobile sector for reduction in GST (Goods and Services Tax) rates, I have included my suggestions on the same and requested the finance minister to think in this direction," Assocham today quoted Geete as saying.

VRS at sick public sector cos likely to gain pace after Modi govt sweetened offer

In a bid to speed up the process of closing down sick central public sector enterprises (CPSEs), Modi government has sweetened the package for employees opting for Voluntary Retirement Scheme (VRS) by giving them attractive compensation at 2007 notional pay scale.

Electric vehicles push: Govt's top brass to brainstorm tomorrow

The scheme that was running in pilot phase till now will be formally launched on April 1. To promote eco-friendly vehicles, the government has been offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars under the scheme in pilot mode.

BHEL pays 40% dividend to shareholders for 2016-17

With this, it has maintained its impeccable track record of earning profits and rewarding investors by paying dividends uninterruptedly for four decades without a break, the company said in a statement.

Govt to take concrete steps to re-energise capital goods, auto

Addressing the International Engineering and Technology Fair (IETF), Geete said the Budget contains a number of proposals to give a critical push to the manufacturing sector and Indian industry must take advantage of these for higher investments.

Need innovation & research in reforms and governance: Geete

"I sincerely feel I must emphasise and underline the need for innovation and R&D in SOE when we talk of reforms and governance," he said at a meeting of BRICS Forum on State Owned Enterprises (SOE) Reforms and Governance.

India's mfg sector in trouble, needs to take on China: Geete

"India's manufacturing sector is in trouble for last many years. In the era of globalisation, competing in international markets has become a challenge for the country's private as well as state-owned firms," the Union heavy industries minister said at an Assocham conference.

Germany urges India to clear confusion on diesel vehicle ban

German Minister of Transport and Digital Infrastructure Alexander Dobrindt today met Union Heavy Industries Minister Anant Geete here and expressed satisfaction on the visible presence of German industry in India.

India most secured destination for overseas investment: Geete

"A few months ago the Make in India and Make in Maharashtra week were celebrated. During that period foreign investors signed MoUs worth Rs 3 lakh crore with the Government as well as the private sector," the Heavy Industries Minister said at a conference here.

FAME scheme to help save Rs 60,000 cr fuel annually: Anant Geete

"The biggest challenge for the auto sector today is related with environment. Under the scheme, the government has decided to invest Rs 14,000 crore. Due to this investment, we would be able to save fuel worth about Rs 60,000 crore. This means, definitely it will help in controlling pollution also," the minister said at the SIAM convention here.

'Centre saved Rs 36,000 cr by weeding out bogus beneficiaries'

The Narendra Modi-led NDA government has saved Rs 36,000 crore by weeding out fake beneficiaries of various welfare schemes after linking the Aadhaar cards to the bank accounts, Union Minister Anant Geete said on May 27

No major differences between allies BJP and Shiv Sena: Geete

Union Heavy Industries Minister and Shiv Sena MP Anant Geete said there are no major differences between BJP and his party, but the difference in opinion is bound to be there among the alliance partners

Cabinet may decide on Automotive Mission Plan in a month:Geete

The Automotive Mission Plan (AMP) 2016-26, which envisages creation of an additional 50 million jobs, is likely to come up before the Union Cabinet in a month, Union Minister Anant Geete has said.

Cabinet may decide on closure of Hind Cables in a month: Geete

The Cabinet had earlier approved the closure of seven terminally sick public sector units, including Hindustan Cables, which have incurred a total loss of around Rs 3,139 crore over a period of time.

Govt asks BHEL to take initiatives for power sector

"While BHEL is gearing up for the future to face the upcoming challenges, he advised the company to step up its activities in diversification areas like solar and transportation, in a big way to address the slowdown in power sector," the company said in a statement.

No plans to make airbags mandatory,safety norms tightened:Govt

The Ministry of Road Transport and Highways (MoRTH) has informed that "at present government does not have any proposal to mandate provision of air bags in every passenger car," Heavy Industries and Public Enterprises Minister Anant Geete said in a written reply to Lok Sabha.