ADVANTAGE KARNATAKA
Karnataka emerging as a vibrant manufacturing hub in the country
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arnataka is emerging as a vibrant manufacturing hub in the country. To increase the GSDP, the Karnataka Government is introducing new initiatives to bolster the manufacturing sector and increase the share of exports from the State. The EXCON demonstrated the manufacturing potential of the State with the large presence of OEMs and components industries participating in the South Asia’s’ largest construction equipment trade Fair at the Bangalore International Exhibition Centre, Bengaluru, recently. Delivering his inaugural address at the 11th edition of EXCON, organised by the Confederation of Indian Industry (CII), the Chief Minister Basavaraj Bommai said the infrastructure sector is receiving an intense push from the Government, propelling India’s overall development and GDP. The new policies announced by the
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Record turnover for BEML in 2021-22
EML Ltd has achieved its highestever turnover of Rs 4,143 crore during financial year 2021-22, against the previous year’s Rs 3,557 crore. According to a statement of the company’s standalone and consolidated audited results for 2021-22 released by Chairman and Managing Director Amit Banerjee, BEML also recorded the highest-ever value of production of Rs 3,993 crore during the financial year. The figure for the previous financial year was
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Government of India would ensure the time-bound creation of world-class infrastructure in the country, making it India’s new identity globally, Chief Minister said. He said that the construction sector will have a major contribution to Prime Minister's vision to make India a USD five trillion economy. To achieve this goal, the government is embarking on major infrastructure and industrial projects worth Rs 100 lakh crore. “Though our major focus should be growing exponentially in the country by advancing our technologies, inclusion of people at the bottom of the pyramid is also critical since they are the movers of the economy. We urge the industries to collaborate with them to further enable the CE sector,” the Chief Minister said. Bommai mentioned that the State presents huge business opportunities for the construction industry, as it is embarking
on major infrastructure development projects in roads & flyovers, industrial infrastructure and power. Meanwhile, inaugurating ‘NIRMAANA 2022’ , a two-day international conference on Tunneling & Underground Construction organised by INSTRUCT – Institute for Research Development and Training of Construction Trades And Management, a professional registered body of Engineers & Architects headquartered at Bengaluru, the Chief Minister said Karnataka is recognised for its tunneling and underground construction from ancient times. "We have lots of underground tunnels and structures which stand as a testimony even today, people during those days have built it without modern technology for their requirement but with the pace in which our cities are growing and with advent of new technology we are facing many challenges everyday and me being an engineer I thoroughly understand the difficulties and challenges in such constructions”, Bommai said. He emphasised the importance of underground construction as most of the activities are taking underground routes, be at metros, fuel, gas, service and other utilities gaining the importance of underground mobility in India. "Karnataka has been a pioneer and will remain so as we have many mega projects lined up, we have the required expertise and manpower to make us world leaders", the Chief Minister added.
Rs 3,556 crore, the CMD added. “This was achieved despite challenges posed by COVID-19 pandemic and resultant supply chain disruptions,” the statement said. Meanwhile, the profit before tax of the company having its registered office at Bengaluru has grown to Rs 206 crore in 2021-22 from Rs 93 crore in 202021 and profit after tax stands at Rs 135 crore in 2021-22 against Rs 75 crore in 2020-21. The CMD also revealed that the
company’s order book as on March 31, 2022 stood at Rs 9,192 crore. During 2021-22, BEML exported products to a new country, Madagascar, adding to its list of exports to 68 countries. Major milestones achieved during 202122 include successful commissioning of 190 T electric dump trucks at NCL Singrauli, supply of 81 numbers of medical oxygen plants by standing with the nation to tide over the COVID19 pandemic and flagging off MRS 1 Driverless Metro Cars for Mumbai Metro.
