News on Indian Economy
Designed to develop proprietary processes for active ingredients and patented formulations, the R&D hub will cater to both regulated and non-regulated global markets. Its focus will be on delivering high-purity, cost-efficient chemical solutions aligned with evolving industry needs.
Truck Mounted Attenuators are specially engineered impact-absorbing devices designed to reduce the severity of collisions.
The Power Ministry’s October 2024 release on the National Electricity Plan said the transmission system is being prepared to support 500 GW of renewable energy capacity by 2030 and over 600 GW by 2032.
The facility uses over 12 lakh advanced TOPCon bifacial solar modules manufactured at SAEL’s plants in Punjab and Rajasthan, reflecting strong integration of domestic manufacturing with large-scale renewable deployment.
This surge is fueling a 33% increase in overall order volumes and a 32% rise in gross merchandise value (GMV), reflecting strong demand and deeper market reach. Improved internet connectivity, expanding logistics infrastructure, and rising disposable incomes in non-metro regions are enabling D2C brands to scale more effectively across the country.
Frozen shrimp continued to dominate the sector, generating ₹47,973.13 crore (US$ 5.51 billion) and contributing more than two-thirds of the total export revenue. The segment recorded steady growth, with volumes rising by 4.6% and value increasing by 6.35%.
The Minister announced that India Post recorded a 16% increase in revenue, reaching ₹15,296 crore, up from ₹13,218 crore the previous year. He described the year as “historic,” noting both strong financial results and ongoing structural transformation. The Department achieved 88% of its ₹17,546 crore target, with most postal circles performing in the 80–90% range and several exceeding 90%.
Spread across Rajasthan and Gujarat, the project combines 259 MWp of solar capacity, 280 MW of wind generation, and a 200 MWh battery energy storage system. According to the company, the solar component began operations in March 2026, while the battery storage system was commissioned in April 2026, allowing the project to move toward firm renewable supply backed by storage.
The first vessel call was handled at GTI’s Mumbai terminal, where officials from GTI, Interasia Lines and the vessel’s master marked the occasion with a plaque exchange. GTI is a 74:26 joint venture between APM Terminals and Container Corporation of India, and the new service adds to its effort to position itself as a stronger gateway for regional trade flows.
The push comes as India looks for reliable low-carbon baseload power to support rising electricity demand over the next two decades. According to the Union government’s implementation report on budget announcements, the development of at least 100 GW of nuclear energy by 2047 is considered essential for India’s energy transition, and a formal roadmap for reaching that level has already been prepared and circulated for stakeholder discussions.
