GOVT WORKS OUT 22-POINT PLAN TO BOOST CVs SECTOR

Article Abstract:

A 22-point revival plan has been chalked out by the Government of India for the commercial vehicles (CVs) sector. The plan aims at reviving the commercial vehicles sector by the year 2000. The Government of India and the state governments will make their purchases of Cvs for 1999-2000, by March 31. The Government will direct all the state transport undertakings and the Defence Ministry to make their purchases before the said period. The CVs buyers will be offered a 40 percent depreciation on their purchases for two years. A depreciation of 60 percent will be allowed on purchases made after retiring the 15-year-old vehicles. The Reserve Bank of India will also be directed to evolve a credit policy for the sector. The Government will be implementing the 22-point plan in three stages. (ag)

Trucks, Motor Vehicle Manufacturing, Government domestic functions

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MSTC MOVES TO EXPAND COMMODITY BASKET

Article Abstract:

MSTC Ltd has decided to expand its business portfolio and trade in petroleum products, steel and coke. It has tied-up with Krupp- Thyssen of Germany to bid for a global tender floated by Steel Authority of India to set up steel services centres across India. MSTC is also talking to East Asian steel producers to import hot rolled coils. It is also thinking of importing Chinese coke and Indonesian coal. The company, which has already started importing petroleum products like furnace oil and kerosene, is now planning to import naphtha. (khr)

Comment:

Will expand its business portfolio and trade in petroleum products, steel and coke

Strategy & planning, Metal and Mineral (except Petroleum) Wholesalers, Petroleum Products Whsle, Petroleum and Petroleum Products Wholesalers, Metals & Minerals Whsle, Petroleum products wholesalers, Article, MSTC Ltd.

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