MARCH 20249TOP STORIESSTONE SAPPHIRE INDIA TO FUNNEL RS 1,000 CRORE IN HOMEWARES PLANT IN BARODAUP ON TRACK TO HAVE 100 CBG PLANTS: UNION PETROLEUM MINISTERToys and writing material producer Stone Sapphire India will contribute Rs 1,000 crore to set up an assembling office for homewares like glassware, sippers, dinnerware and so on, in Baroda. Stone Sapphire India Pvt. Ltd. (SSPL) Executive Vick Rana said that homeware products accessible in India are either for the lower class or extremely very good quality for the tip top and leave an immense vacuum for working class purchasers."Our work on new plant and capacity expansion has already begun in Baroda which is focused on the homeware segment. We are investing Rs.1000 crore on this expansion," Rana said.The Baroda plant will produce little kitchen apparatuses, metal cookware, and drinkware. This will assist with expanding not simply the creation limit with respect to the Indian market yet in rises exports by something like 50 percent, accordingly making items in India for the world, he expressed. Rana also said this development will assist the organization with expanding its turnover to Rs 1,000 crore by 2025-26 from Rs 250 crore as of now.He said: "Ever since our association with global dinnerware giant Corelle USA, the brand sales have increased by 20 per cent. The massive support from our retail fraternity has been overwhelming, further strengthening our belief in the home segment. The 27,000 retailer touchpoint base is constantly increasing and we aim to increase it to 50,000 touchpoints in the next 5 years..The organization signed its parternship into the home segment around four years ago as the sole importer and supplier of global dinnerware giant Corelle USA. Union Petroleum Minister Hardeep Singh Puri announced on Friday that Uttar Pradesh is on track to have 100 compressed bio-gas (CBG) plants soon. Speaking at the inauguration of a CBG plant, the Union minister underscored the importance of CBG plants in environmental conservation, enhancing farmers' income, and promoting energy self-sufficiency.Currently, the state hosts 10 CBG facilities. The newly inaugurated plant, established by Indian Oil with an investment of Rs 165 crore, will utilize 200 metric tons of agricultural residue, 20 metric tons of press mud, and 10 metric tons of cow dung daily. It is expected to produce approximately 20 metric tons of bio-gas and 125 metric tons of organic fertilizer daily, contributing to agricultural productivity enhancement.Puri expressed satisfaction with Chief Minister Yogi Adityanath's Green Hydrogen Policy, aimed at environmental preservation, and anticipated substantial investments in this sector. Plans are also underway to establish green hydrogen plants in Uttar Pradesh's Sonbhadra district, a district adopted by him.Highlighting the pivotal role of farmers in the energy sector, Puri associated them with the CBG plant's operations. He also recalled the inception of gas cylinder distribution in the country 60 years ago, emphasizing that under Prime Minister Modi's leadership, the number of gas connections has surged from 14 crores in 2014 to 32 crores presently. The Ujjwala scheme, launched in 2016, has provided free gas connections to 10 crore women, including 8 crore rural women, he added.
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