News on Indian Economy
India’s Prime Minister Narendra Modi officially launched on Tuesday the construction of a megapark that will produce 30 gigawatts (GW) of renewable energy and will be the world’s largest renewable energy facility.
India will list “trusted and not trusted sources” of telecom vendors and devices based on national security, announcing a committee for the purpose as its border tension with China continues.
India witnessed growth in audio streaming platforms of nearly 40% in 2020. With decrease in travel and commute time, amid the coronavirus pandemic and ensuing lockdowns, music has proven to be therapeutic as people multi-tasked and switched between household chores and professional engagements.
India’s largest and most advanced shipbuilder Cochin Shipyard has selected Siemens to implement advanced marine solutions for India’s first fleet of 23 boats equipped with electric propulsion and battery integrated technology.
India and Britain will push negotiations on trade ties, their foreign ministers said after talks in New Delhi on Tuesday, as both countries seek to restart economies battered by the coronavirus pandemic.
Department of Posts (DoP) and India Post Payments Bank (IPPB) unveiled a new digital payment app ‘DakPay’ at virtual launch event today. The App is launched as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India.
The firm expects to make India an electric vehicle manufacturing centre. A memorandum of understanding for this facility with the Tamil Nadu government has been signed by Ola. The factory would produce nearly 10,000 jobs upon completion. It will be the largest scooter production facility in the world and will potentially have a total annual capacity of 2 million units.
Union Minister said, “When we first came to power in 2014, India had just two smartphone factories, now India has over 260. India has been the world’s second-biggest mobile maker. I’m aiming to reach at the top right now and that’s my dream.”
The Indian foreign ministry will launch a special website later this week that will showcase “Brand India” and its state and sector wise economic strengths with the twin aims of boosting domestic exports as well as attract foreign direct investment into Asia’s third largest economy.
Textiles, apparels, garments, and Khadi witness a huge response from international buyers in the first day of the innovative Virtual Buyer Seller Meet organized by the Indian Chamber of Commerce (ICC) here on Monday.
