Indian Infrastructures and Capabilities
“Christened Mahindra Ideal Lanka Pvt. Ltd. this assembly plant is in collaboration with Ideal Motors of Sri Lanka. The assembly plant today rolled out its first product, the compact SUV, KUV100 and will roll out a slew of products over the next 3 years,” the company said in a statement.
The shipment consisted of the core melt localisation device or ‘core catcher’, a passive safety system designed to cool the molten core material in case of an accident. The ‘core catcher’ allows the integrity of the protective shell to be preserved and thus checks radioactive emission. The passive safety system is capable of functioning in the event of a complete loss of power supply and can provide full safety without the active system and an operator.
Pune Metro: In a big boost to PM Modi’s ‘Make In India’ initiative, an Indian multinational firm ‘Titagarh Firema’ has won an international bid from Pune Metro for supplying as many as 102 ultra-modern aluminium-bodied metro rail coaches.
Hindustan Aeronautics Limited (HAL), Bengaluru and French company, Safran Helicopter Engines, had entered into a joint venture – Helicopter Engine MRO Private Limited – to set up this helicopter maintenance plant in Goa.
MeitY has also proposed allowing new entrepreneurs to set up manufacturing facilities without having to give personal collateral under the credit guarantee scheme. “Our industry’s problem is higher interest finance cost and providing collateral to banks, which is what we have tried to address in the proposal in order to nurture the hardware ecosystem,” the report added.
Almost all electric vehicles (EVs) in India run on imported batteries, mostly from China. At present, a lithium-ion battery accounts for 40% of the total cost of an EV. Lithium also has other uses such as in mobile phone batteries and solar panels.
After assessing strategic installations in the city for the last one year, the Ministry of Defence has rejected the proposal for LiDAR mapping by the State government in 40% of the area, owing to the existence of sensitive installations. However, the State government has been permitted to get assistance from the Survey of India for the mapping of over 5,000 sq. km of the city and its suburbs.
After a successful round of airport privatisation earlier this year, the AAI has set the ball rolling to offload more aerodromes from its kitty in the coming months.
The underwater tunnel is being constructed at an expense of Rs 60 crore while the total cost of the East-West Metro project is evaluated to be around Rs 9,000 crore. The tunnelling work began in April last year and likely to be finished in the river section shortly, said by senior Railway Minster.
The ninth Ficci-IBA survey in their report said the proportion of respondent banks citing a reduction in NPAs stood at 52 per cent as against 43 per cent in the previous round. About 55 per cent of reporting public sector banks (PSBs) have cited a reduction in NPA levels.
