News on Indian Economy
On Tuesday, Tide, an UK-based firm announced its entry into the Indian market, by committing an investment worth Rs. 1,000 crore (US$ 134.71 million) over the next five years, to focus on offering administrative and financial solutions to small businesses.
Minister of Heavy Industries and Public Enterprises Shri Prakash Javadekar today inaugurated NATRAX- the High Speed Track(HST) in Indore which is the longest such track in Asia. NATRAX, developed in an area of 1000 acres of land , is a one stop solution for all sorts of high speed performance tests for widest categories of vehicles from 2 wheelers to heavy tractor trailers.
The Kudankulam NPP construction project has been a symbol of close cooperation between India and Russia. And the Russian company Rosatom which has the most advanced nuclear power technologies is playing the most critical role in the NPP.
Indian Railways identified total 58 Super Critical Projects of a total length of 3750 km costing Rs 39663 Crore.Out of these total 58 Super Critical Projects, 27 projects will be completed by December 2021 while remaining 02 projects will be handed over by March 2022.
The Ministry of Ports, Shipping and Waterways has accorded high priority to building greater synergies between the Major Ports and Non-Major Ports in order to promote coastal trade and to provide sustainable, cost-effective and efficient Intermodal & Multimodal customer solutions.
In order to improve the availability of phosphatic fertilisers (DAP and NPK) and to reduce the dependence on imports by making India truly Aatmnirbhar in fertilisers, Shri Mansukh Mandaviya, Minister of State for Chemicals and Fertilisers chaired a meeting with officials of Department of Fertilizers and stakeholders of Fertilizers industries.
In a major boost to harness the export potential of agricultural and processed food products from north-eastern states, a shipment of fresh Burmese grapes referred as ‘Leteku’ in Assamese language has been exported to Dubai from Guwahati by air route.
This is part of the new draft National Space Transportation Policy released by the Department of Space (DoS) and Isro, which aims to provide opportunities for Indian entities to capture a share of the global launch services market while Government agencies accelerate focused R&D to build space transportation capabilities for future space endeavours along with commercial exploitation.
India registered a 46.9 per cent year-on-year growth in its crude steel output at 9.2 million tonnes (MT) in May, according to worldsteel data.
France’s Safran SA is considering building an engine-repair facility in India, after winning its biggest-ever turbine deal last month with joint venture partner General Electric Co.
