News on Indian Economy
Mr. Piyush Goyal while addressing the Plenary Session of CII- Horasis India Meeting 2021 on India’s Emerging Industry & Trade Architecture applauded the progress in the countrys startup arena as India has 15 more unicorns in the H1 2021. He stated that Indian startups are more than commercial success stories and they are key to India’s transformation.
Minister of State in the Ministry of Commerce and Industry, Mr. Som Parkash in a written reply to the Rajya Sabha reviewed the progress made in the country on account of the ‘Make in India’ movement that began in 2014. He highlighted that the development of a robust manufacturing sector continues to be a key priority of the Indian Government. It was one of the first ‘Vocal for Local’ initiatives that exposed India’s manufacturing domain to the world. The sector has the potential to not only take economic growth to a higher trajectory but also to provide employment to a large pool of our young labour force.
The government is focusing on enhancing the road infrastructure along the India-China border for which it has identified 73 critical roads of 4,203 km that are being accorded highest priority with dedicated funding.
Azad Engineering, a city-based maker of supercritical rotating components used in the aerospace industry has won a contract from Boeing to manufacture and supply critical aviation components and parts, the company said on Monday.
As on 31.03.2021, Petroleum and Natural Gas Regulatory Board (PNGRB) has authorized approximately 33,764 Km Natural Gas Pipeline Network across the country with the aim to create a national gas grid and increase the availability of natural gas across the country
Kandla SEZ (KASEZ) was awarded IGBC Platinum Rating on Monday. KASEZ is the First Green SEZ to achieve the IGBC Green Cities Platinum Rating for Existing Cities.
In a major boost to agricultural produce exports from Uttarakhand, first consignment of vegetables including curry leaf, okra, pear and bitter gourd sourced from the farmers of Haridwar, was exported today to Dubai, United Arab Emirates.
Ministry of Skill Development and Entrepreneurship has launched the National Skill Development Mission (NSDM) to provide the overall institutional framework to rapidly implement and scale up the skill development efforts across India. NSDM envisages totrain a minimum of 300 million skilled people by the year 2022.
NTPC Ltd, India’s largest integrated energy company installed capacity touches 66875 MW after the 2nd Unit of 800 MW capacity (2*800 MW) at NTPC Darlipali in Odisha has successfully completed its trial operation.
Japanese apparel retailer Uniqlo, which entered India in 2019 through the single brand FDI retail route, is launching its full-fledged e-commerce operations in the country.
