Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Make Products Beautifully in India: Babul Supriyo Urges SMEs

"When we talk about Make in India why not do it beautifully in India. When you have one of the best educational institutions in the world as IIT Kharagpur," Babul Supriyo told reporters.


Updated:November 9, 2017, 7:41 AM IST
Make Products Beautifully in India: Babul Supriyo Urges SMEs
Babul Supriyo. (Image credit: Reuters)

Kolkata: Union Minister Babul Supriyo on Wednesday pitched for making quality products by small and medium enterprises as part of 'Make In India' campaign.

Supriyo, the junior minister for Heavy Industries and Public Enterprises, was present at the signing of a MoU by Department of Heavy Industries (DHI) with IIT Kharagpur for a Centre of Excellence on Advanced Manufacturing Technologies at a city hotel in Kolkata.

"When we talk about Make in India why not do it beautifully in India. When you have one of the best educational institutions in the world as IIT Kharagpur," Supriyo told reporters.

He said the Centre of Excellence, the first one in West Bengal, was necessary for Research and Development in small and medium enterprises, for introducing new technologies.

He said for such Centre of Excellence, the Union government grants 80 per cent of funding.

"Such centres have been already there in south India, western India and in Delhi. But as someone representing the state, I felt the need to make it happen in this part of the country," Supriyo said.

"Think about LED torches from China sold at throwaway prices at street corners. If we can produce such capital goods with excellent standard only India will benefit. Also such centres will enable entrepreneurs to source raw materials locally and not import from outside," Supriyo said.

IIT Kharagpur Director Prof P P Chakrabarti said "there had been vast changes in the world of engineering design and manufacturing in the past 10-15 years. With this centre, we aim to take a jump to go ahead."

The director said, a consortium has been formed by leading industrial houses for jointly supporting an academic centre on Advanced Manufacturing Technologies at the centre.

"We chose the consortium model for industrial partnership because the need for infusion of next generation technology in the manufacturing sector transcends domestic competition and needs concerted cooperation of all industrial houses in this sector. The consortium will also enable self-sustainability of the centre beyond the period of DHI support,” he Director said.

As part of funding, the DHI allocated Rs 47.62 crore of the total Rs 65.19 crore PPP funding.

The consortium features Tata Sons, Tata Motors, Tata Steel, TCS, Ramkrishna Forgings, Heavy Engineering Corporation, Bharat Heavy Electricals Limited and Ampere Vehicles, among others.

The Centre is expected to be fully functional by the end of this financial year.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Huma Tabassum
Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Infosys 643.55 -16.19
Yes Bank 51.80 0.78
Bajaj Finance 4,034.15 -2.50
Reliance 1,414.15 -0.16
Indiabulls Hsg 218.00 -5.71
Company Price Change %Gain
Infosys 643.30 -16.21
Yes Bank 51.80 0.78
Indiabulls Hsg 218.20 -5.75
HDFC 2,115.95 0.98
Reliance 1,414.25 -0.07
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,810.75 3.15
ICICI Bank 451.15 3.05
BPCL 534.10 2.65
Titan Company 1,329.45 2.22
Cipla 453.90 2.20
Company Price Change %Gain
ICICI Bank 451.15 3.06
Coal India 208.80 1.38
Power Grid Corp 204.50 0.96
Bajaj Auto 3,120.00 1.04
Hero Motocorp 2,671.00 0.95
Top Losers
Company Price Change %Gain
Infosys 643.55 -16.19
Tata Motors 131.75 -3.73
Bajaj Finserv 8,008.85 -3.11
HCL Tech 1,064.45 -2.83
Bajaj Finance 4,034.15 -2.50
Company Price Change %Gain
Infosys 643.30 -16.21
Tata Motors 131.90 -3.51
HCL Tech 1,064.45 -2.87
Bajaj Finance 4,031.95 -2.56
Bharti Airtel 370.85 -3.24

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results