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Mumbai: Kerala Minister of Law, Industries and Coir P Rajeev said that public welfare and the state’s green development will remain the government’s top priority while attracting private investment and clarified that there were no restrictions on working with the Adani Group in future. Talking to reporters, Rajeev said the Adani Group’s Vizhinjam Seaport near its capital Thiruvananthapuram will go ahead as planned, ruling out any rethink in the backdrop of proceedings against the Adani group in the US. Expressing the government’s objective of promoting green projects, the minister said there is no bar on investment from any private investor, including the Adani Group, but clarified that the Left government was firm about not allowing the privatisation of water and electricity distribution. Rajeev said the government is committed to creating jobs and for that private investment would be encouraged as earlier. However, no special sops would be offered at the cost of losing revenue, he said. While Rajeev praised the Adani Group’s Vizhinjam port project, he reiterated the Left government’s opposition to a group company operating domestic and international terminals of Thiruvananthapuram airport. Outlining knowledge-based industries as the government’s priority, the minister highlighted that workers’ protests in the state were below the national average and the state’s worker safety track record was also impressive. Rajeev said the state government has been pushing for a digital revolution in the state and was keen to become the first fully digitally literate state. Showcasing the state’s literate and productive workforce, the Minister invited private investment claiming that the high wage levels in the state may appear to be a little unattractive but these come with the assurance of high productivity of workers. In the last three years, Kerala has received Rs 46,000 crore worth of investment even as the government maintains its focus on high-tech and knowledge-based industries. Processing of spices, robotics and manufacturing of medical devices have been the special areas of investment. In over two years, the state government has been able to generate seven lakh new jobs in small enterprises. –IANS rch/dan
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THREE KEY FACTS Spark’s share price is down over 40% in 2024, making it one of the biggest decliners on the NZX 50. The company faced challenges including missed earnings guidance, high debt, and being removed from a key global index. Despite the decline, Spark’s stock offers a gross dividend yield in double digits at $3 a share. It’s been a good year for the local sharemarket . The NZX 50 index is up 11.0% so far, which sees it on track for its best year in four. Most of our biggest companies have performed well, but one notable exception is Spark.
Hyundai Motor concludes hydrogen bus trial in KSA Hyundai Motor Company has successfully concluded a strategic initiative to evaluate hydrogen-based mobility in the Kingdom. The project was conducted in partnership with Saudi Transport General Authority, Saudi Public Transport Company, Almajdouie Motors Company, Air Products Qudra, Abdullah Hashim Gases, and Aramco. The collaboration involved a two-month trial of the Hyundai Universe Fuel Cell Coach Bus in Saudi Arabia’s Eastern Province. The project assessed the feasibility and performance of hydrogen-powered transportation, marking a significant milestone in the Kingdom’s journey toward sustainable mobility. Hyundai Motor supplied its advanced hydrogen fuel cell bus, leveraging its globally recognized expertise in hydrogen technology. Abdullah Hashim Gases managed the hydrogen supply, whereas Air Products Qudra and Aramco provided fueling infrastructure. SAPTCO oversaw the trial operations, including driver resources and implementation, while Almajdouie Motors offered technological and service support throughout the initiative. head of Hyundai Motor Company Middle East and Africa headquarters, said: “Through pioneering hydrogen technologies, we are advancing carbon neutrality and sustainability. Collaborating with our trusted partners in Saudi Arabia, we have made a meaningful contribution toward emissions-free mobility, aligning with the region’s forward-looking strategies.” Vice Minister of Transport and Logistic Services and Acting President of the Transport General Authority Dr. Rumaih bin Mohammed Al-Rumaih said the bus trial is part of the TGA’s efforts to support innovation and adopt sustainable transportation methods that help reduce carbon emissions, in alignment with the National Transport and Logistics Strategy. He reaffirmed the authority’s commitment to continuing collaboration with public and private-sector partners to promote the use of modern technologies and develop the transportation sector, enhancing Saudi Arabia’s competitiveness regionally and globally. , managing director at Almajdouie Motors Hyundai, added: Aligned with the directives of Saudi Vision 2030, the Ministry of Energy is actively working to promote sustainable energy solutions. The adoption of sustainable transport, powered by clean energy sources, is a key component of this strategy, as it contributes to reduced carbon emissions and environmental protection. Hyundai Motor has long been at the forefront of hydrogen-powered mobility in the Middle East. This trial builds on Hyundai Motor’s earlier successes, including the export of ELEC CITY Fuel Cell buses and XCIENT Fuel Cell trucks to Saudi Arabia in 2020, and its continued efforts to test hydrogen vehicles under extreme weather conditions. The completion of this trial reflects Hyundai Motor’s unwavering commitment to sustainable mobility and reinforces the importance of partnerships in achieving shared goals for a cleaner, greener future. the latest news shaping the hydrogen market at Hyundai Motor concludes hydrogen bus trial in KSA, Hydrogen-Powered Heavy-Duty Truck Establishes New Threshold by Traveling 1,800 Miles on a Single Fill he U.S. Department of Energy’s (DOE’s) Hydrogen and Fuel Cell Technologies Office (HFTO) today highlighted a recent... Hympulsion Orders 4 New HRS Stations As Part Of The Hydrogen Mobility Program ‘zero Emission Valley’ In The Auvergne-rhone-alpes Region (France) Grenoble, 17 December 2024 – HRS, French designer and... Lhyfe now brings together 55 of the leading suppliers for hydrogen mobility on its digital platform Lhyfe Heroes, offering the largest catalogue of solutions available in Europe The insight gained by Lhyfe from its...AP Business SummaryBrief at 12:48 p.m. EST