Steel Sector Capex Push, Launch of EV Ambulance, Diamond Market Slump, 136 Vande Bharat Trains

Описание: Indian Economic Updates : Steel Sector Capex Push, Launch of EV Ambulance, Diamond Market Slump, 136 Vande Bharat Trains in Focus

1.Steel Producers Scale Back Capital Spending Amid Price Decline and Imports
Indian steel manufacturers are expected to cut their capital expenditure in 2025 due to persistent pressure on steel prices. Hot-rolled coil prices dropped by 8-10% in 2024 to their lowest in over four years, mainly because of increased steel imports from China. Flat steel products have been more affected than long steel.

2. India Promotes EV Ambulances with 30% Subsidy Under PM E-DRIVE Scheme
To encourage local production, India is offering subsidies covering up to 30% of the cost of electric ambulances under the PM E-DRIVE initiative. The government has earmarked ₹500 crore from the scheme’s total ₹10,900 crore budget for e-ambulance deployment, with strict performance and safety standards for qualifying vehicles.

3. Surat’s Diamond Units Pivot to Jewelry Manufacturing Amid Global Demand Slump
Diamond cutting and polishing units in Surat are shifting focus to jewelry making to counter weak global demand for natural diamonds. Growing demand for gold jewelry, both studded and plain, domestically and internationally, has driven this transition. About 10% of Surat’s 5,000 diamond units have diversified into jewelry production, creating local employment.

4. 136 Vande Bharat Trains Running with Advanced Safety and Passenger Features
Railways Minister Ashwini Vaishnaw announced that 136 Vande Bharat trains are operational, equipped with cutting-edge safety technologies like the KAVACH automatic train protection system. These trains offer enhanced passenger amenities, including faster acceleration, sealed gangways, automatic plug doors, and onboard mini pantries stocked with hot cases, bottle coolers, and freezers.

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