Indian Infrastructures and Capabilities
On Thursday, the market capitalisation of Wipro reached Rs. 3 trillion (US$ 41.09 billion) for the first time, making it the third Indian IT company to attain the milestone following Tata Consultancy Services and Infosys.
Indian Railways (IR) is working in mission mode to become the largest Green Railways in the world and is moving towards becoming a “net zero carbon emitter” before 2030. Railways is guided by a holistic vision of being an environment friendly, efficient, cost effective, punctual and a modern carrier of passengers as well as freight in order to serve the growing needs of New India. IR is looking at helping the environment with steps ranging from massive electrification, water & paper conservation, to saving animals from being injured on Railway tracks.
The Asian Development Bank and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim that will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state.
The New Khurja-New Bhaupur section of Eastern Dedicated Freight Corridor set a new record as a freight train averaged a speed of 99.4 kmph. This is faster than the average speed of Rajdhani trains.
In order to address the issue of air pollution due to farm stubble burning and to reduce carbon footprints of thermal power generation, Ministry of Power has decided to set up a National Mission on use of Biomass in coal based thermal power plants. This would further support the energy transition in the country and our targets to move towards cleaner energy sources.
An aggregate of 59.5 million renewable energy certificates (RECs) worth INR 9,266 crore (USD 1.24 billion) has been traded on the two Indian power exchanges since these market-based instruments’ launch in 2010, according to a study by the CEEW Centre for Energy Finance (CEEW-CEF).
The Central government, through a series of closed-door meetings and negotiations in the first two weeks of April, ramped up production of the essential drug Remdesivir from 10,000 vials to 3.25 lakh vials a day. Sources in the government have revealed the details of what went behind exponentially increasing production capacity and making the drug affordable as the pandemic raged in India.
In a major boost to Chennai’s road connectivity, the Union government has approved a ₹50,000-crore expressway project for developing faster connectivity between Tamil Nadu’s capital and Gujarat’s Surat. The project will cut down travel time between Chennai and Surat by six hours and distance by 330 km, enabling drivers to avoid congested roads running around Bangalore, Pune and Mumbai.
India’s natural gas production jumped 22.7 per cen in April after Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block, government data released on Friday showed.
The Ministry of Electronics and IT (Meity) is going to come out with incentive schemes for setting up display and semiconductor fabrication units in the country in the next six months. According to Ministry of Electronics and Information Technology (Meity) secretary Ajay Prakash Sawhney, the government is already doing the preparatory work and talking to the industry about the support required to set up the fabs. Separate expression of interests (EoIs) has been floated for display and semiconductor fabs and companies, both global and local, are showing keen interest to set up units in India.
