India’s Processed Food Market to Grow to US$ 470 Billon: KPMG
According to a report released on Thursday by KPMG, the Indian processed food market is projected to expand to US$ 470 billion by 2025, up from US$ 263 billion in 2019-20.
Economy
News on Indian Economy
India Installs 3.2 GW Solar Power Projects in 2020: Report
Solar projects totalling 3.2 gigawatt (GW) have been installed in India during 2020, according to a Mercom Communications India report.
BRO Appoints First Women Executive Engineer to Command Road Construction Company
Announcing the appointment, the Army in a statement said, “Feels proud to announce the First woman Officer Executive Engineer (Civil) Vaishali S Hiwase for taking over as Officer Commanding of a Road Construction Company that is responsible to provide connectivity of an Indo China Border Road.”
Central Farm Machinery Training & Testing Institute, Budni (MP) Tests the First-Ever Electric Tractor in the Institute
Central Farm Machinery Training & Testing Institute, Budni (MP) has tested the first-ever electric Tractor in the Institute. The institute received the application for an electric tractor under Confidential Test initially. Accordingly, the institute has tested the tractor & released the Draft Test Report in February, 2021.
India Imposes Anti-Dumping Duty on Chemical from 4 Regions
India has imposed anti-dumping duty on imports of a chemical used in foam making from four regions, including the EU and Saudi Arabia, for five years to guard domestic players from cheap shipments. The duty was imposed following recommendation of the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR), which conducted a probe into alleged dumping of ‘Toluene Di-Isocynate’ from the EU, Saudi Arabia, Chinese Taipei and the UAE.
Cosmo Foundation Installs New Carbon Compacting Plant in J&K
(UNI) Cosmo Foundation, the social arm of Cosmo Films Ltd, announced the installation of a new carbon compacting plant in the valley of Jammu and Kashmir as a part of its Green Initiatives to support the Indian Army and offset the carbon footprint of increasing non-biodegradable materials generated by the locally stationed troops in the Poonch and Mendhar districts of Jammu and Kashmir.
Agriculture Infrastructure Fund Applications Cross the INR. 8,000 Crore Mark, Sanctions Cross INR. 4000 Crore Mark
The Department of Agriculture Cooperation and Farmers Welfare (DAC&FW) is undertaking a host of initiatives to accelerate on-ground investments. The department has directly reached out to 150+ FPOs and livelihood organisations, along with IFFCO, HAFED, NAFED & others. The department hosted an agribusiness conclave, supported by CII & FICCI, with 90+ agribusiness participants; where key players like Arya CMA, Mahindra Agri, Tata Consumer, IFFCO and Escorts Cropping Solutions gave presentations on their role in building infrastructure under AIF through partnership with farmers, farmer groups and local entrepreneurs.
Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW) is Working to Identify Traditional Organic Areas
Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW) is working to identify Traditional Organic Areas to transform them into certified organic production hubs. The Government of India has certified 14,491 ha of such area under Car Nicobar and Nancowry group of islands in UT of A&N Islands. This area becomes the first large contiguous territory to be conferred with organic certification under the ‘Large Area Certification’ (LAC) scheme of the PGS-India (Participatory Guarantee System) certification programme.
India’s 4G Subscriber Base may Grow to 820 Million in FY22, Says Crisil
Despite a COVID-19 increase, India’s 4G user base is projected to increase to around 820 million in FY22, according to Crisil Research. The Big 3 telcos are expected to use their newly acquired airwaves to improve coverage and drive the country’s remaining 250-300 million feature phone users to upgrade to 4G.
Integrated Solar Dryer and Pyrolysis Pilot Plant will Help Smart Cities Transform Urban Organic Waste into Biochar & Energy
The project focuses on managing and organising collection, treatment, and disposal systems of urban wastes in Indian Smart Cities as well as in other urban centres with an integrated and interactive approach. Through this Pyrasol project, simple and robust processing technologies for urban organic waste will be combined in a synergetic manner and further developed to improve sanitation and welfare, supply regenerative energy, convert waste into products and reduce the carbon footprint of smart cities by an innovative organic waste drying system using the solar natural chimney effect followed by a high efficient single-chamber pyrolysis.