Gujarat to Host India’s First Lithium Refinery
India’s first Lithium refinery which will process Lithium ore to produce battery-grade material will be set up in Gujarat, state government officials said.
Economy
News on Indian Economy
India’s 1st Tiger Reserve Hot Air Balloon Safari Launched
India’s first hot air balloon wildlife safari in a tiger reserve was launched on Friday in the world famous Bandhavgarh Tiger Reserve by Madhya Pradesh forest minister Vijay Shah.
India is A Preferred GCC Hub and 80% of Top 100 Global Retail/CPG Companies Will Set Up GCCs in India By 2022:
The report predicts that over 25 new GCCs in the retail/CPG industry are planning to set up GCCs in 2021, tapping on the established talent ecosystem and global operating models.
Months After Cancelling Deal with China, India Acquires Heavy Cranes for Chabahar Port
Following a fresh tender for cranes with 65-tonne capacity, the equipment was procured from a Western company and is now expected to reach Chabahar by next month, people familiar with developments said on condition of anonymity. They declined to give further details in view of sensitivities linked to US sanctions on Iran, though Chabahar port has been granted a waiver.
Odisha CM Announces India’s Largest Hockey Stadium in Rourkela
Odisha Chief Minister Naveen Patnaik on Thursday announced a new world-class hockey stadium in Rourkela city which is set to host the 2023 FIH Men’s Hockey World Cup.
India Clocks $80 Billion of M&A Activity, PE Deals in ’20: Report
Despite the pandemic, economic slide and geopolitical tensions, deal values in 2020 kept apace with the previous year, reaching $80 billion across 1,268 transactions, according to a PwC India report.
L&T Construction 3D Prints India’s First Building with Reinforcement
L&T Construction, the construction arm of the $21 billion technology, engineering & construction conglomerate, Larsen & Toubro, has 3D printed a G+1 (Ground plus one) building with reinforcement for the first time in India.
Sonalika Becomes First Player to Launch Electric Tractor in India
International Tractors Ltd-owned Sonalika Tractors has become the first manufacturer to commercially launch a field-ready electric tractor for the domestic market with an introductory price of ₹5.99 lakh (ex-showroom) today.
Electric Vehicle Market in India Expected to Hit 63 Lakh Units Per Annum Mark by 2027: IESA
‘The EV market is expected to expand at a CAGR of 44% between 2020 and 2027 and is forecasted to touch 6.34 million units of annual sales by 2027,’ the IESA report said. Similarly, annual demand for batteries is expected to increase by 32% to reach 50 GWh by 2027, with 40 plus GWh for lithium-ion batteries.
India, Japan Sign Deal to Boost Cooperation Between Steel Industries
India and Japan on Tuesday signed an agreement to enhance cooperation between their steel industries with the aim of ramping up domestic production and greater coordination in the global market, which is dominated by China.