BEML to open excellence centre for railways in Bengaluru
Bengaluru, April 5: State-run Bharat Earth Movers Ltd (BEML) will set up a centre of excellence for the Indian Railways here to test its equipment and coaches, a top official has said.
"The centre of excellence is being set up in Bengaluru with Rs 300-crore investment with a testing facility for railway equipment and coaches," said BEML Chairman D.K. Hota at an industry seminar here on Wednesday.
The state-run Railways and the Science and Technology department are partnering with the company in the project to build the centre.
The defence behemoth, which provides the Indian armed forces logistics solutions, also makes metro coaches, accounting for 47 per cent of the needs of corporations operating the metro rail service in cities across the country.
"As India is at the cusp of rapid economic growth, the government has to focus on developing skill sets in the youth with right policies to catalyse the industry," asserted Hota at a seminar, organised by the Confederation of Indian Industry (CII) with Society of Indian Defence Manufacturers (SIDM).
Committing to indigenous making of defence equipment, state-run Bharat Electronics Ltd (BEL) Chairman M.V. Gowtama said 60 per cent of materials for defence and civilian use was sourced from the local industry.
"The company has 1,289 small and medium enterprises (SMEs) as vendors to outsource 30 per cent of our equipment needs for defence and civilian use," said Gowtama at the seminar on 'Opportunities in Defence for Industry'.
Karnataka's industrial development Commission Darpan Jain said the state government was keen to develop a defence industrial corridor in the state.
"The state industrial policy envisages Rs 1 lakh crore investment to generate 3 lakh jobs annually over the next five years. To achieve the target, we are focusing on developing infrastructure, promoting industry with incentives, technology, SMEs and ease of doing business in the country," said Jain.
SIDM Director-General Lt General (retd.) Subrata Saha said as India was the world's largest arms importer for the fifth consecutive year, the need for greater indigenisation was imperative.
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US VP JD Vance says Lebanon not part of ceasefire, calls it ‘misunderstanding’
Budapest/Washington: US Vice President J D Vance has said that Lebanon was never included in the ceasefire understanding with Iran, describing the confusion as a “legitimate misunderstanding”.
Speaking to reporters before departing from Hungary, Vance said, “I think the Iranians thought that the ceasefire included Lebanon and it just didn’t. We never made that promise.”
He stressed that the United States had not included Lebanon in the scope of the ceasefire at any stage.
His remarks come amid continued Israeli strikes in Lebanon, where more than 200 people were reported killed, even as ceasefire talks between Iran and the US move forward.
Vance said Israel had “offered … to check themselves a little bit in Lebanon because they want to make sure that our negotiation is successful”.
He warned that if Iran allows the situation in Lebanon to affect the negotiations, it could derail the talks.
“If Iran wants to let this negotiation fall apart in a conflict where they were getting hammered over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice,” he said.
